Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
As of close of business last night, ACV Auctions Inc’s stock clocked out at $22.12, up 2.08% from its previous closing price of $21.67. In other words, the price has increased by $2.08 from its previous closing price. On the day, 0.76 million shares were traded. ACVA stock price reached its highest trading level at $22.18 during the session, while it also had its lowest trading level at $21.58.
Ratios:
To gain a deeper understanding of ACVA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 98.96. For the most recent quarter (mrq), Quick Ratio is recorded 1.51 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.33.
On June 10, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $21.
Northcoast Upgraded its Neutral to Buy on January 10, 2024, while the target price for the stock was maintained at $22.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 10 ’24 when Chamoun George sold 210,400 shares for $21.64 per share. The transaction valued at 4,553,056 led to the insider holds 872,404 shares of the business.
Chamoun George sold 139,600 shares of ACVA for $3,023,736 on Dec 11 ’24. The Chief Executive Officer now owns 872,404 shares after completing the transaction at $21.66 per share. On Dec 10 ’24, another insider, Waterman Michael, who serves as the Chief Sales Officer of the company, sold 15,000 shares for $21.81 each. As a result, the insider received 327,150 and left with 337,842 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 3708196864 and an Enterprise Value of 3538244864. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.22 while its Price-to-Book (P/B) ratio in mrq is 8.10. Its current Enterprise Value per Revenue stands at 5.936 whereas that against EBITDA is -63.02.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $23.46, while it has fallen to a 52-week low of $12.84. The 50-Day Moving Average of the stock is 8.34%, while the 200-Day Moving Average is calculated to be 17.54%.
Shares Statistics:
It appears that ACVA traded 1.37M shares on average per day over the past three months and 1462130 shares per day over the past ten days. A total of 157.72M shares are outstanding, with a floating share count of 153.18M. Insiders hold about 8.62% of the company’s shares, while institutions hold 92.84% stake in the company. Shares short for ACVA as of 1732838400 were 8059879 with a Short Ratio of 6.19, compared to 1730332800 on 8514006. Therefore, it implies a Short% of Shares Outstanding of 8059879 and a Short% of Float of 5.12.
