The price of ACV Auctions Inc. (NASDAQ: ACVA) closed at $12.74 in the last session, up 4.08% from day before closing price of $12.24. In other words, the price has increased by $+0.50 from its previous closing price. On the day, 991331 shares were traded. ACVA stock price reached its highest trading level at $12.90 during the session, while it also had its lowest trading level at $12.44.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
We take a closer look at ACVA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.20 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
On June 10, 2022, Barrington Research started tracking the stock assigning a Outperform rating and target price of $18.Barrington Research initiated its Outperform rating on June 10, 2022, with a $18 target price.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 01 when ZERELLA WILLIAM sold 17,500 shares for $11.95 per share. The transaction valued at 209,125 led to the insider holds 137,783 shares of the business.
Bessemer Venture Partners IX L sold 2,000,000 shares of ACVA for $24,440,000 on Feb 23. The 10% Owner now owns 0 shares after completing the transaction at $12.22 per share. On Jan 12, another insider, Chamoun George, who serves as the Chief Executive Officer of the company, sold 66,828 shares for $9.08 each. As a result, the insider received 606,651 and left with 210,303 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.77 while its Price-to-Book (P/B) ratio in mrq is 4.14.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $15.70, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is 10.43, while the 200-Day Moving Average is calculated to be 8.65.
According to the various share statistics, ACVA traded on average about 1.13M shares per day over the past 3-months and 943.86k shares per day over the past 10 days. A total of 157.74M shares are outstanding, with a floating share count of 124.72M. Insiders hold about 1.00% of the company’s shares, while institutions hold 94.50% stake in the company. Shares short for ACVA as of Jan 30, 2023 were 8.3M with a Short Ratio of 9.48M, compared to 7.82M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.25% and a Short% of Float of 7.10%.
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.19 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.21, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.07 and low estimates of -$0.2.
Analysts are recommending an EPS of between -$0.67 and -$0.7 for the fiscal current year, implying an average EPS of -$0.68. EPS for the following year is -$0.54, with 12 analysts recommending between -$0.29 and -$0.77.
According to 14 analysts, the current quarter’s revenue is expected to be $99.34M. It ranges from a high estimate of $102.25M to a low estimate of $97M. As of the current estimate, ACV Auctions Inc.’s year-ago sales were $100.18M, an estimated decrease of -0.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $108.04M, an increase of 4.80% over than the figure of -$0.80% in the same quarter last year. There is a high estimate of $126.63M for the next quarter, whereas the lowest estimate is $102M.
A total of 16 analysts have provided revenue estimates for ACVA’s current fiscal year. The highest revenue estimate was $425.8M, while the lowest revenue estimate was $421M, resulting in an average revenue estimate of $423.04M. In the same quarter a year ago, actual revenue was $358.44M, up 18.00% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $469.33M in the next fiscal year. The high estimate is $520M and the low estimate is $422.7M. The average revenue growth estimate for next year is up 10.90% from the average revenue estimate for this year.