AO World (LON:AO) Stock Price Passes Above 50 Day Moving Average - Here's Why

Key Points

• AO World plc's stock price has surpassed its 50-day moving average, trading at GBX 99.10 ($1.34) after reaching a high of GBX 100.43 ($1.36).
• Analysts have mixed opinions on the stock, with Peel Hunt maintaining a "buy" rating and a target price of GBX 137, while Deutsche Bank downgraded it to a "hold" with a decreased target of GBX 105.
• Insider transactions saw significant share sales, with over 3 million shares sold by executives in the last 90 days, indicating potential shifts in confidence from company insiders.

AO World plc (LON:AO - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 90.80 ($1.23) and traded as high as GBX 100.43 ($1.36). AO World shares last traded at GBX 99.10 ($1.34), with a volume of 674,851 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Peel Hunt reiterated a "buy" rating and set a GBX 137 target price on shares of AO World in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft cut AO World to a "hold" rating and decreased their target price for the stock from GBX 135 to GBX 105 in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 121.

AO World Stock Performance

The stock has a market cap of £571.65 million, a PE ratio of 22.42, a PEG ratio of -2.13 and a beta of 1.06. The stock has a fifty day simple moving average of GBX 90.80 and a two-hundred day simple moving average of GBX 95.13. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.48 and a current ratio of 0.95.

Insiders Place Their Bets

In other AO World news, insider John Roberts sold 2,000,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of GBX 97, for a total value of £1,940,000. Also, insider Mark Higgins sold 147,090 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of GBX 96, for a total value of £141,206.40. Insiders sold a total of 3,147,090 shares of company stock worth $300,620,640 in the last 90 days. 47.09% of the stock is owned by company insiders.

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.

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