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

Key Points

• AO World shares have surpassed their 50-day moving average during recent trading, closing at GBX 97.70 ($1.31).
• Analysts have mixed opinions on the stock, with Deutsche Bank downgrading it to a "hold" rating and decreasing the price target, while Peel Hunt maintains a "buy" rating" with a target of GBX 137.
• Insider activity includes significant sales, with one insider selling 500,000 shares for a total of £440,000, indicating potential concerns or shifts in confidence among company insiders.

AO World plc (LON:AO - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 93.24 ($1.25) and traded as high as GBX 99.46 ($1.34). AO World shares last traded at GBX 97.70 ($1.31), with a volume of 531,185 shares.

Analysts Set New Price Targets

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

AO World Price Performance

The company has a quick ratio of 0.48, a current ratio of 0.95 and a debt-to-equity ratio of 43.05. The firm has a fifty day moving average price of GBX 93.24 and a two-hundred day moving average price of GBX 95.52. The stock has a market capitalization of £568.16 million, a P/E ratio of 22.28, a P/E/G ratio of -2.13 and a beta of 1.06.

Insider Transactions at AO World

In other AO World news, insider Chris Hopkinson sold 500,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of GBX 88, for a total transaction of £440,000. Also, insider John Roberts sold 44,058 shares of the firm's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of GBX 103, for a total transaction of £45,379.74. 47.09% of the stock is currently 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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