ASOS Plc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Comprehensive data sets presented in two poster presentations at the 19th annual meeting of the oligonucleotide therapeutics society (ots) secarna investigated the immunostimulatory potential of lna-modified antisense oligonucleotides (asos), a potential factor of undesired side effects of treatment, and factors that lead to the different knockdown profiles of asos munich and martinsried, germany / accesswire / october 25, 2023 / secarna pharmaceuticals gmbh & co. kg ("secarna"), a biopharmaceutical company focusing on the discovery and development of next-generation antisense oligonucleotide (aso) therapies to address challenging or previously undruggable targets via its lnaplus platform, has presented data showing the potential as well as the versatility of secarna's lna-modified asos...

Liberum has reiterated its 'sell' recommendation for ASOS PLC (LSE:ASC), with a target price of 360p, expressing concerns about the online retailer's recovery and financial health. In a detailed analysis, concerns were raised regarding the painful transition to a new operating model, which has resulted in a significant decline in sales and profitability in the short term.

ASOS plc saw group sales fall 18% year on year in the 26 weeks to 3 March, with top-line revenues coming in slightly above £1.5 billion. Adjusted losses before tax (LBT) increased from £87.4 million in the first half of 2023 to £120 million, though on a statutory basis, LBT improved from £290 million to £270 million.

British online fashion retailer ASOS sunk to a first-half loss but stuck to its annual guidance for an improvement, naming former Sainsburys and Amazon executive Dave Murray as its new chief financial officer.

Ahead of ASOS PLC (LSE:ASC) interim results next week, analysts downgraded forecasts due to expectations of persistent pressure on sales.  Analyst Katie Cousins at Shore Capital cut her previous full-year forecast for a 2024 sales decline of 9.4%, which implied a broadly flat second half, after an 18% decline in the first.

Fashion retailers ASOS PLC and Boohoo Group PLC will change the way environmental credentials are displayed, described and promoted on their clothing, Britain's competition watchdog has announced. Following a probe into the pair, alongside Asda's George brand, the Competition and Markets Authority had raised concerns over greenwashing.

Shore Capital Markets expressed caution on ASOS PLC (LSE:ASC) shares following the online retailer's half-year earnings and guidance. With sales down 18%, ASOS kept its full-year revenue guidance unchanged at a 5-15% decline, but Shore Cap said “there could be a risk of this now being closer to the lower end” unless the group sees a notable reverse in trading performance in the second half.

ASOS PLC (LSE:ASC) did little to buck the online fashion trend with a trading update on Tuesday. Sales in the six months to 3 March were down 18% for the online retailer, though this was hardly unexpected, given a resurgence in high-street shopping and ongoing cost of living pressures.

Online fashion retailer ASOS posted an 18% drop in sales in its first-half period, and said for the full-year it continued to expect sales to decline by 5-15%.

ASOS PLC (LSE:ASC) and Boohoo Group PLC (AIM:BOO) are both facing downside on the back of ever-increasing competition in the UK's online fashion sector, analysts have said. Coupled with a resurgence in high street shopping and ongoing cost of living pressures, each face tough outlooks, Shore Capital analysts said in a note on Friday.

British fast fashion companies will be in the spotlight after the relatively weak financial results by H&M and Inditex, the parent company of Zara and Pull&Bear. Boohoo (LON: BOO) share price jumped by over 8% on Thursday after the company completed a coup at Revolution Beauty.