AO World (LON:AO) Share Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• AO World shares rose above their 50-day moving average, reaching GBX 98.80 before last trading at GBX 95.20, up 0.7%.
• Analysts remain bullish: Jefferies reiterated a “Buy” rating with a GBX 160 target, while the broader consensus is “Buy” with a GBX 148.50 target.
• Insiders recently sold shares worth a combined approximately £282,730, although insiders still own 47.09% of the company.

Shares of AO World plc (LON:AO - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 93.80 and traded as high as GBX 98.80. AO World shares last traded at GBX 95.20, with a volume of 416,802 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a "buy" rating and set a GBX 160 price target on shares of AO World in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 148.50.

AO World Stock Up 0.7%

The firm has a market cap of £557.69 million, a price-to-earnings ratio of 21.87, a PEG ratio of -2.13 and a beta of 1.23. The company has a quick ratio of 0.48, a current ratio of 1.09 and a debt-to-equity ratio of 36.92. The firm has a fifty day moving average price of GBX 93.80 and a 200-day moving average price of GBX 93.18.

AO World (LON:AO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX 6.36 EPS for the quarter. AO World had a net margin of 2.83% and a return on equity of 21.65%. The company had revenue of GBX 126.66 billion during the quarter. As a group, sell-side analysts forecast that AO World plc will post 4.8263419 EPS for the current year.

Insider Buying and Selling at AO World

In related news, insider Mark Higgins sold 105,340 shares of AO World stock in a transaction on Monday, August 10th. The stock was sold at an average price of GBX 98, for a total value of £103,233.20. Also, insider John Roberts sold 183,160 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of GBX 98, for a total value of £179,496.80. Company insiders own 47.09% of the company's stock.

About AO World

AO World plc, together with its subsidiaries, engages in the online retailing of domestic appliances the United Kingdom and Germany. It retails fridge and freezers; laundry products; dishwashers; and audiovisual equipment, as well as computing, mobile, gaming, and smart home technology products. The company provides logistics and transport services. In addition, it engages in the investment activities; and waste electrical and electronic equipment (WEEE) recycling activities. The company sells its products through its websites, marketplaces, and third-party websites.

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