ADV (Advantage Solutions Inc.) stock is in for a key growth catalyst

Advantage Solutions Inc. (NASDAQ: ADV) closed the day trading at $4.04 up 4.94% from the previous closing price of $3.85. In other words, the price has increased by $+0.1900 from its previous closing price. On the day, 642586 shares were traded. ADV stock price reached its highest trading level at $4.0750 during the session, while it also had its lowest trading level at $3.7750.

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Ratios:

For a better understanding of ADV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.33. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.76.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Canaccord Genuity on December 06, 2023, initiated with a Buy rating and assigned the stock a target price of $4.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 16 when KILTS JAMES M bought 5,468 shares for $2.39 per share. The transaction valued at 13,066 led to the insider holds 780,922 shares of the business.

KILTS JAMES M bought 17,595 shares of ADV for $42,205 on Nov 15. The Director now owns 775,454 shares after completing the transaction at $2.40 per share. On Nov 14, another insider, KILTS JAMES M, who serves as the Director of the company, bought 29,720 shares for $2.38 each. As a result, the insider paid 70,775 and bolstered with 757,859 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, ADV now has a Market Capitalization of 1.32B and an Enterprise Value of 3.07B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 0.72 whereas that against EBITDA is -2.40.

Stock Price History:

Over the past 52 weeks, ADV has reached a high of $4.39, while it has fallen to a 52-week low of $1.13. The 50-Day Moving Average of the stock is 3.7416, while the 200-Day Moving Average is calculated to be 2.7359.

Shares Statistics:

Over the past 3-months, ADV traded about 656.81K shares per day on average, while over the past 10 days, ADV traded about 532.5k shares per day. A total of 319.69M shares are outstanding, with a floating share count of 104.26M. Insiders hold about 68.06% of the company’s shares, while institutions hold 18.86% stake in the company. Shares short for ADV as of Jan 31, 2024 were 6.33M with a Short Ratio of 9.64, compared to 5.63M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.94% and a Short% of Float of 6.34%.

Earnings Estimates

Current recommendations for the stock of the company come from Advanced Micro Devices, Inc. analysts. The consensus estimate for the next quarter is $54.31, with high estimates of $187.54 and low estimates of $9.00.

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