The stock of Advance Auto Parts Inc (AAP) has gone up by 3.21% for the week, with a -12.69% drop in the past month and a -10.31% drop in the past quarter. The volatility ratio for the week is 7.12%, and the volatility levels for the past 30 days are 3.83% for AAP.. The simple moving average for the past 20 days is -9.86% for AAP’s stock, with a -0.45% simple moving average for the past 200 days.
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 93.09x, Company’s 36-month beta value is 1.25.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.”
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The public float for AAP is 59.02M, and currently, short sellers hold a 7.85% ratio of that floaft. The average trading volume of AAP on June 05, 2024 was 1.85M shares.
AAP) stock’s latest price update
Advance Auto Parts Inc (NYSE: AAP) has experienced a decline in its stock price by -1.11 compared to its previous closing price of 65.21. However, the company has seen a gain of 3.21% in its stock price over the last five trading days. marketbeat.com reported 2024-05-30 that Management at Advance Auto Parts Inc. NYSE: AAP is looking to reinvent itself this year, or at least that’s what the first quarter 2024 earnings results suggest. The company aims to compete with the likes of O’Reilly Automotive Inc. NASDAQ: ORLY and even AutoZone Inc. NYSE: AZO.
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 -14.22% 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 -27.18% of loss for the given period.
Volatility was left at 3.83%, however, over the last 30 days, the volatility rate increased by 7.12%, as shares sank -13.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.48% lower at present.
During the last 5 trading sessions, AAP rose by +3.18%, which changed the moving average for the period of 200-days by -7.68% in comparison to the 20-day moving average, which settled at $71.04. In addition, Advance Auto Parts Inc saw 5.66% 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 Soler Kristen L, who purchase 450 shares at the price of $67.00 back on Jun 03 ’24. After this action, Soler Kristen L now owns 15,690 shares of Advance Auto Parts Inc, valued at $30,150 using the latest closing price.
Windom Brent, the Director of Advance Auto Parts Inc, purchase 4,700 shares at $85.34 during a trade that took place back on Mar 27 ’24, which means that Windom Brent is holding 10,000 shares at $401,098 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 1.60, with 0.34 for asset returns.
Based on Advance Auto Parts Inc (AAP), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 1.54.
Currently, EBITDA for the company is 420.83 million with net debt to EBITDA at 8.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 13.66for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
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.
