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

Market Beat
2025.03.22 19:32

ASOS Plc's stock price surged 18.4% during trading, reaching GBX 318.60 ($4.11) before closing at GBX 301.80 ($3.90). Trading volume increased by 268% compared to the average. Shore Capital upgraded ASOS to a "buy" rating, while analysts maintain an average rating of "Hold" with a price target of GBX 391 ($5.05). The company operates as an online fashion retailer across multiple countries, offering various brands. Despite the positive movement, ASOS is not among the top recommended stocks by analysts.

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 Growth

Separately, 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 ASC

ASOS 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.

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