AO World (LON:AO) Share Price Passes Above 50-Day Moving Average – What’s Next?

AO World plc (LON:AO) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 88.73 and traded as high as GBX 94.50. AO World shares last traded at GBX 93.60, with a volume of 445,901 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 155 target price on shares of AO World in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, AO World currently has a consensus rating of “Moderate Buy” and an average target price of GBX 132.33.

AO World Trading Up 1.8%

The company has a market cap of £544.32 million, a PE ratio of 21.34, a price-to-earnings-growth ratio of -2.13 and a beta of 1.20. The company has a quick ratio of 0.48, a current ratio of 1.02 and a debt-to-equity ratio of 41.38. The business has a 50-day simple moving average of GBX 88.73 and a 200-day simple moving average of GBX 98.97.

Insider Transactions at AO World

In other AO World news, insider John Roberts sold 5,359,056 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of GBX 90, for a total value of £4,823,150.40. 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. 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.