Amer Sports (AS, Financial) experienced a significant stock price increase of 5.01%, currently trading at $19.27 per share with a trading volume of approximately 1.406 million shares and a turnover rate of 0.28%. The stock exhibited a volatility of 5.83%. Recent financial reports indicate the company achieved revenue of $994 million, a net loss of $3.70 million, and earnings per share of -$0.01. The gross profit stood at $551 million with a price-to-earnings ratio of -75.32.
Institutional ratings are highly favorable for Amer Sports, with 95% of the 19 rating institutions recommending a buy, 5% advising a hold, and none suggesting a sell. Within the leisure and entertainment industry, where Amer Sports operates, the overall industry gain was 0.57%. Other significant gainers included Carnival Corporation's depositary receipts, Amer Sports, and Peloton, while stocks like Sacks Parente Golf, Inc., Golden Age Entertainment, and Peloton saw notable activity.
Amer Sports manages a diverse portfolio of ten outdoor and action sports brands that generated a total revenue of $4.4 billion in 2023. Owned mainly by the Chinese conglomerate Anta Sports, Amer Sports maintains certain autonomy. The company is subject to stringent oversight in its rapidly expanding Chinese business but operates relatively independently outside China. In 2023, Amer Sports derived 40% of its revenue from the Americas, 33% from Europe, the Middle East, and Africa, 19% from China, and 7% from the Asia-Pacific region (excluding China).
