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After finishing at $17.50 in the prior trading day, ACV Auctions Inc (NASDAQ: ACVA) closed at $18.35, up 4.86%. In other words, the price has increased by $4.86 from its previous closing price. On the day, 1.08 million shares were traded. ACVA stock price reached its highest trading level at $18.54 during the session, while it also had its lowest trading level at $17.65.
Ratios:
Our goal is to gain a better understanding of ACVA by taking a closer look at its different ratios. 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:
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 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 3025639680 and an Enterprise Value of 2588451072. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.50 while its Price-to-Book (P/B) ratio in mrq is 6.51. Its current Enterprise Value per Revenue stands at 5.379 whereas that against EBITDA is -32.66.
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 $11.78. The 50-Day Moving Average of the stock is 5.68%, while the 200-Day Moving Average is calculated to be 16.91%.
Shares Statistics:
The stock has traded on average 1.24M shares per day over the past 3-months and 896120 shares per day over the last 10 days, according to various share statistics. A total of 170.41M shares are outstanding, with a floating share count of 142.10M. Insiders hold about 16.62% of the company’s shares, while institutions hold 77.90% stake in the company. Shares short for ACVA as of 1711584000 were 9004237 with a Short Ratio of 7.24, compared to 1709164800 on 9626867. Therefore, it implies a Short% of Shares Outstanding of 9004237 and a Short% of Float of 7.5200000000000005.
