Adidas AG is a German multinational corporation that designs and manufactures shoes, clothing and accessories. The company has a market capitalization of 25.69 billion euros as of February 3rd 2023, according to its latest quote. The market capitalization has increased by 8.5% in the last month, from 2.88 bln euros on February 2nd to the current level. This growth can be attributed to an increase in demand for Adidas products, as well as the overall positive sentiment in the stock market over the past few weeks.
The average price of Adidas stocks over the past 50 days is 137.56 euros per share, while the figure over 200 days is 145.95 euros per share. This translates into a decrease in value of 5% and 4% respectively compared with February 3rd figure, indicating that investors are becoming more confident about Adidas’ future outlook and are willing to invest at higher prices than before.
Looking further back, we can see that the market cap of Adidas AG was only 26.94 bln euros on 1st February 2023 and 29.39 bln euros on 3rd February 2023, representing increases of 11% and 12%, respectively, over this two-week period - this suggests that investors are becoming increasingly bullish about Adidas’ prospects for growth in 2021 and beyond
Overall, it appears that investor confidence in Adidas AG is extremely high right now; its stock price has risen significantly since January 2021 and its market cap has grown rapidly over recent weeks due to strong demand for its product range.. Investors seem keen to get involved with what is clearly a burgeoning business with plenty of potential for future growth; as such, it looks like now might be a great time to consider investing in adidas AG’s stock if you’re looking for a good long-term investment opportunity right now!
