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The closing price of Advance Auto Parts Inc (NYSE: AAP) was $39.60 for the day, down -3.20% from the previous closing price of $40.91. In other words, the price has decreased by -$3.20 from its previous closing price. On the day, 2.15 million shares were traded. AAP stock price reached its highest trading level at $40.915 during the session, while it also had its lowest trading level at $39.17.
Ratios:
Our analysis of AAP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.76. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 1.52 whereas as Long-Term Debt/Eq ratio is at 1.52.
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, Mizuho on March 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $78.
BofA Securities Downgraded its Neutral to Underperform on November 16, 2023, whereas the target price for the stock was revised from $60 to $43.
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 Jun 03 ’24 when Soler Kristen L bought 450 shares for $67.00 per share. The transaction valued at 30,150 led to the insider holds 15,690 shares of the business.
Windom Brent bought 4,700 shares of AAP for $401,098 on Mar 27 ’24. The Director now owns 10,000 shares after completing the transaction at $85.34 per share. On Mar 21 ’24, another insider, Word Herman L Jr, who serves as the EVP, U.S. Stores & CQ Ind. of the company, sold 1,858 shares for $86.08 each. As a result, the insider received 159,937 and left with 10,448 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, AAP now has a Market Capitalization of 2363102208 and an Enterprise Value of 6346505216. As of this moment, Advance’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3413.79, and their Forward P/E ratio for the next fiscal year is 14.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 0.563 whereas that against EBITDA is 17.67.
Stock Price History:
Over the past 52 weeks, AAP has reached a high of $88.56, while it has fallen to a 52-week low of $37.51. The 50-Day Moving Average of the stock is -24.74%, while the 200-Day Moving Average is calculated to be -38.68%.
Shares Statistics:
AAP traded an average of 2.10M shares per day over the past three months and 2709350 shares per day over the past ten days. A total of 59.51M shares are outstanding, with a floating share count of 58.99M. Insiders hold about 1.14% of the company’s shares, while institutions hold 109.09% stake in the company. Shares short for AAP as of 1724976000 were 9433650 with a Short Ratio of 4.55, compared to 1722384000 on 7234075. Therefore, it implies a Short% of Shares Outstanding of 9433650 and a Short% of Float of 20.969999.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, AAP has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.024443902The stock’s 5-year Average Dividend Yield is 2.36.
