ASOS (LON:ASC) Trading Up 14.3% - What's Next?

ASOS Plc (LON:ASC - Get Free Report) was up 14.3% on Thursday . The stock traded as high as GBX 276 and last traded at GBX 263. Approximately 867,461 shares changed hands during mid-day trading, an increase of 147% from the average daily volume of 350,990 shares. The stock had previously closed at GBX 230.Wall Street Analysts Forecast GrowthSeveral research analysts have weighed in on ASC shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 600 target price on shares of ASOS in a research note on Thursday. Peel Hunt reaffirmed an "add" rating and set a GBX 335 price objective on shares of ASOS in a research report on Thursday. Finally, Shore Capital reiterated a "buy" rating and issued a GBX 400 price objective on shares of ASOS in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ASOS has a consensus rating of "Buy" and an average price target of GBX 445.Read Our Latest Report on ASCASOS Price PerformanceThe firm has a market capitalization of £313.46 million, a price-to-earnings ratio of -1.07, a PEG ratio of -1.26 and a beta of 2.86. The company has a current ratio of 1.61, a quick ratio of 0.39 and a debt-to-equity ratio of 187.55. The business has a 50-day moving average price of GBX 261.07 and a two-hundred day moving average price of GBX 293.19. 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.Further ReadingFive stocks we like better than ASOSHow to Use the MarketBeat Stock Screener dLocal Falls Despite Blowout Q3 Results—What Investors Are MissingTrading Stocks: RSI and Why it's UsefulOndas Holdings Signals a Rebound as Drone Demand SoarsWhat is the Hang Seng index? Disney’s 2026 Outlook Brightens Under Iger's Magic TouchThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here