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After finishing at $19.28 in the prior trading day, ACV Auctions Inc (NASDAQ: ACVA) closed at $18.57, down -3.68%. In other words, the price has decreased by -$3.68 from its previous closing price. On the day, 1.14 million shares were traded. ACVA stock price reached its highest trading level at $19.17 during the session, while it also had its lowest trading level at $18.49.
Ratios:
Our goal is to gain a better understanding of ACVA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1602.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.
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 Aug 23 ’24 when Mehta Vikas sold 145,928 shares for $18.71 per share. The transaction valued at 2,730,313 led to the insider holds 468,505 shares of the business.
Mehta Vikas sold 8,395 shares of ACVA for $161,268 on Aug 26 ’24. The Chief Operating Officer now owns 467,090 shares after completing the transaction at $19.21 per share. On Aug 26 ’24, another insider, 15 Angels III LLC, who serves as the Director of the company, bought 13,671 shares for $18.96 each.
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 3093501952 and an Enterprise Value of 2962208256. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.69 while its Price-to-Book (P/B) ratio in mrq is 6.74. Its current Enterprise Value per Revenue stands at 5.448 whereas that against EBITDA is -44.813.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $19.86, while it has fallen to a 52-week low of $12.84. The 50-Day Moving Average of the stock is 4.50%, while the 200-Day Moving Average is calculated to be 11.30%.
Shares Statistics:
The stock has traded on average 1.20M shares per day over the past 3-months and 1466370 shares per day over the last 10 days, according to various share statistics. A total of 166.59M shares are outstanding, with a floating share count of 146.62M. Insiders hold about 11.99% of the company’s shares, while institutions hold 91.30% stake in the company. Shares short for ACVA as of 1722384000 were 10017372 with a Short Ratio of 7.88, compared to 1719532800 on 9584242. Therefore, it implies a Short% of Shares Outstanding of 10017372 and a Short% of Float of 6.6300004999999995.
