Should You Invest in ACV Auctions Inc (ACVA) Now?

The 36-month beta value for ACVA is at 1.56. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for ACVA is 136.53M, and currently, shorts hold a 7.24% of that float. The average trading volume for ACVA on April 04, 2024 was 1.26M shares.

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ACVA) stock’s latest price update

ACV Auctions Inc (NASDAQ: ACVA)’s stock price has increased by 1.48 compared to its previous closing price of 18.24. However, the company has seen a -0.22% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-24 that ACV Auctions Inc. (ACVA) Q4 2023 Earnings Call Transcript

ACVA’s Market Performance

ACV Auctions Inc (ACVA) has seen a -0.22% fall in stock performance for the week, with a -0.48% decline in the past month and a 24.31% surge in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are at 3.45% for ACVA. The simple moving average for the past 20 days is 1.23% for ACVA’s stock, with a 18.29% simple moving average for the past 200 days.

Analysts’ Opinion of ACVA

Many brokerage firms have already submitted their reports for ACVA stocks, with Northcoast repeating the rating for ACVA by listing it as a “Buy.” The predicted price for ACVA in the upcoming period, according to Northcoast is $22 based on the research report published on January 10, 2024 of the current year 2024.

B. Riley Securities, on the other hand, stated in their research note that they expect to see ACVA reach a price target of $23. The rating they have provided for ACVA stocks is “Buy” according to the report published on July 20th, 2023.

JP Morgan gave a rating of “Neutral” to ACVA, setting the target price at $17 in the report published on July 13th of the previous year.

ACVA Trading at 14.21% from the 50-Day Moving Average

After a stumble in the market that brought ACVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.27% of loss for the given period.

Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares sank -0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.65% upper at present.

During the last 5 trading sessions, ACVA fell by -0.22%, which changed the moving average for the period of 200-days by +3.47% in comparison to the 20-day moving average, which settled at $18.28. In addition, ACV Auctions Inc saw 22.18% 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 ACVA starting from Mehta Vikas, who sale 78,259 shares at the price of $17.97 back on Apr 02 ’24. After this action, Mehta Vikas now owns 321,475 shares of ACV Auctions Inc, valued at $1,406,314 using the latest closing price.

Anderson Craig Eric, the CCDSO of ACV Auctions Inc, sale 5,000 shares at $19.07 during a trade that took place back on Mar 28 ’24, which means that Anderson Craig Eric is holding 202,797 shares at $95,350 based on the most recent closing price.

Stock Fundamentals for ACVA

Current profitability levels for the company are sitting at:

  • -0.19 for the present operating margin
  • 0.49 for the gross margin

The net margin for ACV Auctions Inc stands at -0.16. The total capital return value is set at -0.15. Equity return is now at value -15.97, with -8.19 for asset returns.

Based on ACV Auctions Inc (ACVA), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -57.3.

Currently, EBITDA for the company is -53.88 million with net debt to EBITDA at 1.24. When we switch over and look at the enterprise to sales, we see a ratio of 6.16. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.

Conclusion

In conclusion, ACV Auctions Inc (ACVA) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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