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The price of ACV Auctions Inc (NASDAQ: ACVA) closed at $17.30 in the last session, down -2.81% from day before closing price of $17.80. In other words, the price has decreased by -$2.81 from its previous closing price. On the day, 1.13 million shares were traded. ACVA stock price reached its highest trading level at $18.21 during the session, while it also had its lowest trading level at $17.18.
Ratios:
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 2.12 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:
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 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 2852510208 and an Enterprise Value of 2555672832. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.89 while its Price-to-Book (P/B) ratio in mrq is 6.13. Its current Enterprise Value per Revenue stands at 5.311 whereas that against EBITDA is -32.246.
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 $11.58. The 50-Day Moving Average of the stock is 0.70%, while the 200-Day Moving Average is calculated to be 10.33%.
Shares Statistics:
According to the various share statistics, ACVA traded on average about 1.25M shares per day over the past 3-months and 885490 shares per day over the past 10 days. A total of 138.64M shares are outstanding, with a floating share count of 136.60M. Insiders hold about 16.65% of the company’s shares, while institutions hold 80.98% stake in the company. Shares short for ACVA as of 1711584000 were 9004237 with a Short Ratio of 7.22, compared to 1709164800 on 9626867. Therefore, it implies a Short% of Shares Outstanding of 9004237 and a Short% of Float of 7.5200000000000005.
Earnings Estimates
A detailed examination of ACV Auctions Inc (ACVA) is currently in progress, with ACVF analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $61.50, with high estimates of $34.36 and low estimates of $3.10.
Analysts are recommending an EPS of between $Utilities and $Technology for the fiscal current year, implying an average EPS of $Consumer Cyclical.
