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After finishing at $17.66 in the prior trading day, ACV Auctions Inc (NASDAQ: ACVA) closed at $17.82, up 0.91%. In other words, the price has increased by $0.91 from its previous closing price. On the day, 0.97 million shares were traded. ACVA stock price reached its highest trading level at $17.91 during the session, while it also had its lowest trading level at $17.41.
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 10.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1538.15. 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 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:
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 Oct 15 ’24 when ZERELLA WILLIAM sold 32,500 shares for $18.79 per share. The transaction valued at 610,675 led to the insider holds 490,482 shares of the business.
Waterman Michael sold 18,001 shares of ACVA for $338,239 on Oct 15 ’24. The Chief Sales Officer now owns 337,190 shares after completing the transaction at $18.79 per share. On Oct 15 ’24, another insider, MICHAEL WATERMAN, who serves as the Officer of the company, bought 18,001 shares for $18.75 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 2941921792 and an Enterprise Value of 2837268224. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.46 while its Price-to-Book (P/B) ratio in mrq is 6.47. Its current Enterprise Value per Revenue stands at 5.218 whereas that against EBITDA is -42.923.
Stock Price History:
Over the past 52 weeks, ACVA has reached a high of $21.10, while it has fallen to a 52-week low of $12.84. The 50-Day Moving Average of the stock is -6.85%, while the 200-Day Moving Average is calculated to be 0.86%.
Shares Statistics:
The stock has traded on average 1.31M shares per day over the past 3-months and 792390 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 146.91M. Insiders hold about 11.81% of the company’s shares, while institutions hold 91.88% stake in the company. Shares short for ACVA as of 1728950400 were 8271832 with a Short Ratio of 6.30, compared to 1726185600 on 7858603. Therefore, it implies a Short% of Shares Outstanding of 8271832 and a Short% of Float of 5.47.
