Closing Figures Unveiled: ACV Auctions Inc (ACVA) Drop -0.11, Closes at 17.69

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ACV Auctions Inc (NASDAQ: ACVA) closed the day trading at $17.69 down -0.11% from the previous closing price of $17.71. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 1.61 million shares were traded. ACVA stock price reached its highest trading level at $18.09 during the session, while it also had its lowest trading level at $17.25.

Ratios:

For a better understanding of ACVA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 1.62. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.34.

On January 10, 2024, Northcoast Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $22.

On July 20, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $23.B. Riley Securities initiated its Buy rating on July 20, 2023, with a $23 target price.

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 Jun 12 ’24 when ZERELLA WILLIAM sold 123,700 shares for $18.66 per share. The transaction valued at 2,308,242 led to the insider holds 515,671 shares of the business.

ZERELLA WILLIAM sold 276,900 shares of ACVA for $5,019,547 on Jun 11 ’24. The Chief Financial Officer now owns 515,671 shares after completing the transaction at $18.13 per share. On Jun 11 ’24, another insider, Hirsch Brian, who serves as the Director of the company, sold 22,958 shares for $18.13 each. As a result, the insider received 416,229 and left with 9,239 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 2921238272 and an Enterprise Value of 2735827712. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.76 while its Price-to-Book (P/B) ratio in mrq is 6.35. Its current Enterprise Value per Revenue stands at 5.393 whereas that against EBITDA is -37.441.

Stock Price History:

The Beta on a monthly basis for ACVA is 1.53, which has changed by 0.030285358 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, ACVA has reached a high of $19.62, while it has fallen to a 52-week low of $12.84. The 50-Day Moving Average of the stock is -1.38%, while the 200-Day Moving Average is calculated to be 10.62%.

Shares Statistics:

Over the past 3-months, ACVA traded about 996.58K shares per day on average, while over the past 10 days, ACVA traded about 903250 shares per day. A total of 165.09M shares are outstanding, with a floating share count of 142.54M. Insiders hold about 13.66% of the company’s shares, while institutions hold 87.82% stake in the company. Shares short for ACVA as of 1715731200 were 9307361 with a Short Ratio of 9.16, compared to 1713139200 on 8949529. Therefore, it implies a Short% of Shares Outstanding of 9307361 and a Short% of Float of 6.329999999999999.

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