AO World (LON:AO) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• AO World plc's share price has crossed above its fifty-day moving average, closing at GBX 102.60 ($1.38) after trading as high as GBX 103.79 ($1.40).
• Analysts have mixed ratings for AO World, with Deutsche Bank downgrading it to "hold" with a target price of GBX 105, while Peel Hunt maintains a "buy" rating with a price objective of GBX 137.
• Insider selling has been significant, with over 3 million shares sold recently, representing about 47.09% of the stock owned by insiders.

AO World plc (LON:AO - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 91.14 ($1.23) and traded as high as GBX 103.79 ($1.40). AO World shares last traded at GBX 102.60 ($1.38), with a volume of 442,573 shares traded.

Wall Street Analyst Weigh In

AO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut AO World to a "hold" rating and lowered their target price for the company from GBX 135 to GBX 105 in a report on Monday, August 4th. Peel Hunt reaffirmed a "buy" rating and set a GBX 137 price objective on shares of AO World in a research note on Monday, September 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 121.

AO World Price Performance

The company has a market capitalization of £596.65 million, a price-to-earnings ratio of 23.40, a P/E/G ratio of -2.13 and a beta of 1.06. The company has a fifty day simple moving average of GBX 91.14 and a two-hundred day simple moving average of GBX 95.22. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.48 and a current ratio of 0.95.

Insider Activity at AO World

In related news, insider Mark Higgins sold 147,090 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of GBX 96, for a total transaction of £141,206.40. Also, insider John Roberts sold 2,000,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of GBX 97, for a total value of £1,940,000. Over the last ninety days, insiders sold 3,147,090 shares of company stock worth $300,620,640. 47.09% of the stock is currently owned by insiders.

AO World Company Profile

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.

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