ASOS (LON:ASC) Stock Price Up 18.4% - Here's Why

ASOS Plc (LON:ASC - Get Free Report)'s stock price shot up 18.4% during mid-day trading on Friday . The stock traded as high as GBX 318.60 ($4.11) and last traded at GBX 301.80 ($3.90). 1,883,284 shares changed hands during trading, an increase of 268% from the average session volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.29).Wall Street Analysts Forecast GrowthSeparately, Shore Capital raised ASOS to a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ASOS presently has an average rating of "Hold" and an average price target of GBX 391 ($5.05).View Our Latest Stock Analysis on ASCASOS Stock Up 18.4 %The firm has a fifty day moving average price of GBX 352.73 and a 200-day moving average price of GBX 384.02. The company has a quick ratio of 0.39, a current ratio of 1.61 and a debt-to-equity ratio of 187.55. The firm has a market cap of £361.77 million, a price-to-earnings ratio of -1.07, a PEG ratio of -1.26 and a beta of 2.86. About ASOS (Get Free Report)ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and internationally. It offers womenswear and menswear products. The company sells its products under the ASOS Design, ASOS Edition, ASOS Luxe, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge, HIIT, AsYou, Dark Future, UNRVLLD/SPPLY, Crooked Tongues, Daysocial, Actual, and Weekend Collective brands, as well as through third-party brands.Read MoreFive stocks we like better than ASOSHow to Read Stock Charts for BeginnersWhy Williams-Sonoma Will Hit Fresh Highs in 2025Financial Services Stocks InvestingAlphabet Stock Becomes a Low-Risk, High-Reward PlayWhat does consumer price index measure? Affirm Stock: Should You Buy the Dip After Walmart Setback?Should You Invest $1,000 in ASOS Right Now?Before you consider ASOS, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ASOS wasn't on the list.While ASOS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here