AO World (LON:AO) Shares Cross Above Fifty Day Moving Average – What’s Next?

AO World plc (LON:AO) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 89.72 and traded as high as GBX 93.30. AO World shares last traded at GBX 92, with a volume of 288,352 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 155 price target on shares of AO World in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 132.33.

AO World Stock Performance

The stock’s fifty day moving average is GBX 89.72 and its two-hundred day moving average is GBX 98.27. The firm has a market capitalization of £526.29 million, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of -2.13 and a beta of 1.20. The company has a debt-to-equity ratio of 41.38, a quick ratio of 0.48 and a current ratio of 1.02.

Insiders Place Their Bets

In other AO World news, insider John Roberts sold 5,359,056 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of GBX 90, for a total transaction of £4,823,150.40. 47.09% of the stock is currently owned by corporate 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. 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.