American Outdoor Brands: An Appealing Risk-Reward Setup (Rating Upgrade)
American Outdoor Brands(AOUT) Seeking Alpha·2023-12-25 10:18
webphotographeer/iStock via Getty Images I last wrote on (NASDAQ:AOUT) in July, and I felt that there was no reason to buy it. Its stock price has fallen around 4.5% since then, underperforming compared to the market standards. However, I think the current picture of AOUT looks good, and it can be rewarding in the coming times. It provides a good risk-to-reward setup, and its valuation looks cheap. Hence, I am upgrading my rating to buy. Financial Analysis It recently announced its Q2 FY24 results. The ...