The 36-month beta value for ACVA is also noteworthy at 1.56. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ACVA is 143.46M, and at present, short sellers hold a 6.24% of that float. The average trading volume of ACVA on May 09, 2024 was 1.22M shares.
ACVA) stock’s latest price update
The stock price of ACV Auctions Inc (NASDAQ: ACVA) has dropped by -2.48 compared to previous close of 17.76. Despite this, the company has seen a gain of 2.42% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that While the top- and bottom-line numbers for ACV Auctions (ACVA) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
ACVA’s Market Performance
ACVA’s stock has risen by 2.42% in the past week, with a monthly drop of -7.13% and a quarterly rise of 20.78%. The volatility ratio for the week is 2.51% while the volatility levels for the last 30 days are 3.60% for ACV Auctions Inc The simple moving average for the last 20 days is -1.99% for ACVA’s stock, with a simple moving average of 10.22% for the last 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 -3.88% 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 -11.36% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -3.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.37% lower at present.
During the last 5 trading sessions, ACVA rose by +2.42%, which changed the moving average for the period of 200-days by +2.49% in comparison to the 20-day moving average, which settled at $17.64. In addition, ACV Auctions Inc saw 14.32% 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 ZERELLA WILLIAM, who sale 32,500 shares at the price of $17.17 back on Apr 16 ’24. After this action, ZERELLA WILLIAM now owns 314,151 shares of ACV Auctions Inc, valued at $558,025 using the latest closing price.
Anderson Craig Eric, the CCDSO of ACV Auctions Inc, sale 7,500 shares at $18.50 during a trade that took place back on Apr 09 ’24, which means that Anderson Craig Eric is holding 194,525 shares at $138,750 based on the most recent closing price.
Stock Fundamentals for ACVA
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.53 for the gross margin
The net margin for ACV Auctions Inc stands at -0.15. 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 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -127.79.
Currently, EBITDA for the company is -53.88 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 5.65. The receivables turnover for the company is 2.31for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In summary, ACV Auctions Inc (ACVA) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
