The stock price of Advance Auto Parts Inc (NYSE: AAP) has surged by 0.29 when compared to previous closing price of 83.92, but the company has seen a -0.11% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-29 that Advance Auto Parts (AAP) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Advance Auto Parts Inc (NYSE: AAP) Right Now?
The price-to-earnings ratio for Advance Auto Parts Inc (NYSE: AAP) is above average at 113.67x, Company’s 36-month beta value is 1.20.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for AAP is 58.88M, and currently, short sellers hold a 8.81% ratio of that floaft. The average trading volume of AAP on April 04, 2024 was 1.91M shares.
AAP’s Market Performance
The stock of Advance Auto Parts Inc (AAP) has seen a -0.11% decrease in the past week, with a 20.82% rise in the past month, and a 35.85% gain in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 3.19% for AAP. The simple moving average for the past 20 days is 3.89% for AAP’s stock, with a 31.48% simple moving average for the past 200 days.
Analysts’ Opinion of AAP
Many brokerage firms have already submitted their reports for AAP stocks, with Mizuho repeating the rating for AAP by listing it as a “Neutral.” The predicted price for AAP in the upcoming period, according to Mizuho is $78 based on the research report published on March 19, 2024 of the current year 2024.
BofA Securities gave a rating of “Underperform” to AAP, setting the target price at $43 in the report published on November 16th of the previous year.
AAP Trading at 17.57% from the 50-Day Moving Average
After a stumble in the market that brought AAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.21% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares surge +15.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.61% upper at present.
During the last 5 trading sessions, AAP fell by -0.11%, which changed the moving average for the period of 200-days by +20.38% in comparison to the 20-day moving average, which settled at $81.58. In addition, Advance Auto Parts Inc saw 37.90% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AAP starting from Windom Brent, who purchase 4,700 shares at the price of $85.34 back on Mar 27 ’24. After this action, Windom Brent now owns 10,000 shares of Advance Auto Parts Inc, valued at $401,098 using the latest closing price.
Word Herman L Jr, the EVP, U.S. Stores & CQ Ind. of Advance Auto Parts Inc, sale 1,858 shares at $86.08 during a trade that took place back on Mar 21 ’24, which means that Word Herman L Jr is holding 10,448 shares at $159,937 based on the most recent closing price.
Stock Fundamentals for AAP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.4 for the gross margin
The net margin for Advance Auto Parts Inc stands at 0.0. The total capital return value is set at 0.02. Equity return is now at value 1.70, with 0.35 for asset returns.
Based on Advance Auto Parts Inc (AAP), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 1.5.
Currently, EBITDA for the company is 420.83 million with net debt to EBITDA at 9.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 14.11for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In a nutshell, Advance Auto Parts Inc (AAP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
