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- 1 AEO stock price trades above the major 20 and 50-day daily moving averages.
- 2 American Eagle Outfitters Inc. (NYSE: AEO) stock’s 52-week price range is between $9.95 – $17.53.
American Eagle’s latest quarterly balance sheet for the period ending July 2023 reported total assets of $3.43 Billion and total liabilities of $1.76 Billion. The debt-to-assets ratio is at 51.25%, which is a good sign and might not be much of a concern for AEO stock, as DTA each quarter has declined.
The AEO stock has a CMP of $16.20 and an intraday loss of 1.58%. The American Eagle Outfitters Inc. stock’s average volume for the last 10 days is 5.751 Million and its current volume is 3.438 Million. The AEO stock has a float of 181.031 Million shares and a market cap of $3.199 Billion.
The latest quarterly earnings report for the period ending July 2023, displayed a revenue of $1.20 Billion, with a net income of $48.57 Million, and a gain in profit margin from the last quarter of 4.04%. This quarter, the reported revenue exceeded analysts’ estimates by $5.615 Million (0.47%). The next quarter’s revenue is estimated to be $1.272 Billion and the report will be released on December 13th, 2023.
The next dividend for AEO stock is $0.10 per share. The ex-dividend date is October 12, 2023, and the payment date is October 27, 2023.
The stock rose from $10 to $17.50, then corrected on earnings and dropped to $14, forming a strong support at the 38.20% Fibonacci level. It bounced back and tested the trendline support, trying to hold on.
The stock could fall further if it breaks below the current level and $16, which could lead to a target of $14. Alternatively, if the stock sustains the trend and gains strong buying momentum, it could rise above $17, triggering a rally above $18 or higher.
AEO Stock Price Technical Analysis in 1-D Timeframe
At the time of publishing, the major EMA’s in American Eagle Outfitters Inc. (NYSE: AEO) are bullish MACD shows a bullish cross on the charts and RSI is at 56 above the 14 SMA.
However, the stock ratings for American Eagle stock are neutral and not highly recommended based on 13 analysts who have evaluated AEO in the last three months. The 1-year price forecasts for American Eagle stock by 12 analysts range between $12 to $24.
Summary
American Eagle Outfitters Inc. (NYSE: AEO) chart indicates that the traders and investors of the stock price are bullish on the 1-D timeframe. At the time of publishing, the price action shows a bullish outlook. The most sought and reliable technical analysis tools of American Eagle stock price also support bullishness. The EMA, RSI, and MACD highlight upward signals and indicate that an uptrend may continue for the stock price.
Technical Levels
Support Levels: $16 and $14
Resistance Levels: $17 and $18
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
