José Antonio Ramos Calamonte, an insider at ASOS Plc, sold a total of 13,061 shares on November 24, 2023. The transaction, executed at an average price of GBX 219 per share, amounted to £28,603.59. The sale comes as ASOS’s stock has recently experienced some volatility, opening at GBX 239.04 on Friday, November 24.
Over the past year, ASOS shares have seen a low of GBX 215 and a high of GBX 454.20. The company currently holds a market capitalization of £284.90 million, alongside a quick ratio of 0.39 and a current ratio of 1.61. ASOS’s debt-to-equity ratio stands at a significant 187.55, highlighting potential financial challenges.
Financial Overview and Earnings Report
ASOS’s latest quarterly earnings report, released on November 21, 2023, revealed a loss, with earnings per share (EPS) recorded at GBX (250.10). The company reported a negative net margin of 11.66% and a negative return on equity of 59.37%. Analysts predict that ASOS will achieve an EPS of approximately 12.42 for the current fiscal year.
The stock’s performance over the past 50 days has averaged GBX 253.09, while the 200-day simple moving average is GBX 289.87. These figures indicate a declining trend, prompting investor scrutiny regarding the firm’s future prospects.
About ASOS Plc
ASOS Plc operates as an online fashion retailer, serving markets in the United Kingdom, the United States, Australia, and several European countries, including France, Germany, and Spain. The company offers a wide range of products in menswear and womenswear under various brands, including ASOS Design, ASOS Luxe, and Topshop, among others.
As ASOS navigates through this challenging financial landscape, stakeholders will be keenly observing upcoming developments and performance indicators.
