Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of ACV Auctions Inc (NASDAQ: ACVA) was $16.91 for the day, down -3.09% from the previous closing price of $17.45. In other words, the price has decreased by -$3.09 from its previous closing price. On the day, 0.78 million shares were traded. ACVA stock price reached its highest trading level at $17.66 during the session, while it also had its lowest trading level at $16.9.
Ratios:
Our analysis of ACVA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.
On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $23.
JP Morgan Downgraded its Overweight to Neutral on July 13, 2023, while the target price for the stock was maintained at $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 16 ’24 when ZERELLA WILLIAM sold 32,500 shares for $17.17 per share. The transaction valued at 558,025 led to the insider holds 314,151 shares of the business.
Anderson Craig Eric sold 7,500 shares of ACVA for $138,750 on Apr 09 ’24. The CCDSO now owns 194,525 shares after completing the transaction at $18.50 per share. On Apr 04 ’24, another insider, Mehta Vikas, who serves as the Chief Operating Officer of the company, sold 13,399 shares for $18.55 each. As a result, the insider received 248,551 and left with 321,475 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACVA now has a Market Capitalization of 2788205312 and an Enterprise Value of 2491755264. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.99 while its Price-to-Book (P/B) ratio in mrq is 5.99. Its current Enterprise Value per Revenue stands at 5.178 whereas that against EBITDA is -31.44.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $19.54, while it has fallen to a 52-week low of $12.84. The 50-Day Moving Average of the stock is -5.03%, while the 200-Day Moving Average is calculated to be 7.61%.
Shares Statistics:
ACVA traded an average of 1.22M shares per day over the past three months and 762590 shares per day over the past ten days. A total of 170.41M shares are outstanding, with a floating share count of 142.92M. Insiders hold about 16.13% of the company’s shares, while institutions hold 77.81% stake in the company. Shares short for ACVA as of 1713139200 were 8949529 with a Short Ratio of 7.32, compared to 1710460800 on 9890105. Therefore, it implies a Short% of Shares Outstanding of 8949529 and a Short% of Float of 6.1100002.
