ASOS (LON:ASC) Stock Price Up 18.4% - What's Next?

ASOS Plc (LON:ASC - Get Free Report)'s share price rose 18.4% during mid-day trading on Saturday . The stock traded as high as GBX 318.60 ($4.11) and last traded at GBX 301.80 ($3.90). Approximately 1,883,284 shares changed hands during mid-day trading, an increase of 268% from the average daily volume of 511,206 shares. The stock had previously closed at GBX 255 ($3.29).Analysts Set New Price TargetsSeparately, Shore Capital raised shares of ASOS to a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, ASOS currently has a consensus 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 company has a market capitalization of £361.77 million, a PE ratio of -1.07, a P/E/G ratio of -1.26 and a beta of 2.86. The business has a 50-day moving average of GBX 352.73 and a 200 day moving average of GBX 384.02. The company has a debt-to-equity ratio of 187.55, a current ratio of 1.61 and a quick ratio of 0.39. ASOS Company Profile (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.Featured ArticlesFive stocks we like better than ASOSStock Sentiment Analysis: How it WorksWhy Williams-Sonoma Will Hit Fresh Highs in 2025Why Special Dividends Can be a Delightful Surprise for Income InvestorsAlphabet Stock Becomes a Low-Risk, High-Reward PlayTrading Stocks: RSI and Why it's UsefulAffirm Stock: Should You Buy the Dip After Walmart Setback?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.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