Momentum investors are eyeing "weride stock price" correlation with clean energy ETFs as a diversification play. Positive beta alignment suggests potential for amplified gains during green-tech rallies. Wells Fargo upgraded Amer Sports (AS) to Overweight from Equal Weight with a price target of $40, up from $38. With Amer Sports shares down 20% this past month, Wells says it would take advantage of the selloff following diligence/expert checks in China that point to little-to-no concern both near- and long-term over recent Arc social media backlash. The stock's 50-day moving average is $9.74 and its 200-day moving average is $9.70. The stock has a market cap of $3.19 billion and a price-to-earnings ratio of -3.96. The company has a current ratio of 11.03, a quick ratio of 10.55 and a debt-to-equity ratio of 0.01. Liquidity ratios and free cash flow dynamics are becoming focal points for valuation of "weride stock price". Fundamental strength in these metrics could hedge against sectoral pullbacks.
