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The closing price of ACV Auctions Inc (NASDAQ: ACVA) was $17.03 for the day, down -3.35% from the previous closing price of $17.62. In other words, the price has decreased by -$3.35 from its previous closing price. On the day, 0.69 million shares were traded. ACVA stock price reached its highest trading level at $17.895 during the session, while it also had its lowest trading level at $17.01.
Ratios:
Our analysis of ACVA’s different ratios will help us gain a deeper understanding of the company. 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:
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 Jul 09 ’24 when ZERELLA WILLIAM sold 32,500 shares for $17.51 per share. The transaction valued at 569,075 led to the insider holds 503,077 shares of the business.
Waterman Michael sold 26,336 shares of ACVA for $461,143 on Jul 09 ’24. The Chief Sales Officer now owns 366,710 shares after completing the transaction at $17.51 per share. On Jul 02 ’24, another insider, Anderson Craig Eric, who serves as the CCDSO of the company, sold 7,500 shares for $17.81 each. As a result, the insider received 133,575 and left with 328,167 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 2811448832 and an Enterprise Value of 2626869504. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.54 while its Price-to-Book (P/B) ratio in mrq is 6.12. Its current Enterprise Value per Revenue stands at 5.178 whereas that against EBITDA is -35.95.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $19.63, while it has fallen to a 52-week low of $12.84. The 50-Day Moving Average of the stock is -5.83%, while the 200-Day Moving Average is calculated to be 4.35%.
Shares Statistics:
ACVA traded an average of 1.10M shares per day over the past three months and 1115520 shares per day over the past ten days. A total of 165.09M shares are outstanding, with a floating share count of 142.49M. Insiders hold about 13.69% of the company’s shares, while institutions hold 88.53% stake in the company. Shares short for ACVA as of 1721001600 were 10413538 with a Short Ratio of 9.46, compared to 1718323200 on 9046150. Therefore, it implies a Short% of Shares Outstanding of 10413538 and a Short% of Float of 7.08.
