In the past week, CAR stock has gone up by 14.20%, with a monthly gain of 8.15% and a quarterly surge of 9.00%. The volatility ratio for the week is 7.94%, and the volatility levels for the last 30 days are 5.45% for Avis Budget Group Inc The simple moving average for the last 20 days is 12.04% for CAR’s stock, with a simple moving average of -9.62% for the last 200 days.
Is It Worth Investing in Avis Budget Group Inc (NASDAQ: CAR) Right Now?
Avis Budget Group Inc (NASDAQ: CAR) has a price-to-earnings ratio that is above its average at 8.66x. The stock has a 36-month beta value of 2.17. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for CAR is 34.05M, and at present, short sellers hold a 9.02% of that float. On November 08, 2024, the average trading volume of CAR was 678.45K shares.
CAR) stock’s latest price update
Avis Budget Group Inc (NASDAQ: CAR)’s stock price has dropped by -1.70 in relation to previous closing price of 96.43. Nevertheless, the company has seen a gain of 14.20% in its stock price over the last five trading days. prnewswire.com reported 2024-11-05 that New preclinical data on allogeneic CAR+TCR-T cells rich in stem cell memory T cells (TSCM) and enhanced potency to better target solid tumors will be presented at SITC Additional profiling of patient responses in P-BCMA-ALLO1 Phase 1 Arm C and preclinical P-CD19CD20-ALLO1 to be presented at ASH SAN DIEGO, Nov. 5, 2024 /PRNewswire/ — Poseida Therapeutics, Inc. (Nasdaq: PSTX), a clinical-stage allogeneic cell therapy and genetic medicines company advancing differentiated non-viral treatments for patients with cancer, autoimmune and rare diseases, today announced new preclinical data on allogeneic CAR+TCR-T cells rich in stem cell memory T cells (TSCM), along with platform enhancements aimed at enhancing potency and improving targeting of solid tumors, will be presented at the Society for Immunotherapy of Cancer (SITC) 39th Annual Meeting in Houston, November 6-10. Additionally, the Company announced presentations at the 66th American Society of Hematology (ASH) Annual Meeting & Exposition, which will be held December 7-10 in San Diego.
Analysts’ Opinion of CAR
Many brokerage firms have already submitted their reports for CAR stocks, with Barclays repeating the rating for CAR by listing it as a “Equal Weight.” The predicted price for CAR in the upcoming period, according to Barclays is $105 based on the research report published on September 19, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see CAR reach a price target of $130, previously predicting the price at $118. The rating they have provided for CAR stocks is “Neutral” according to the report published on April 04th, 2024.
Northcoast gave a rating of “Buy” to CAR, setting the target price at $155 in the report published on March 25th of the current year.
CAR Trading at 14.74% from the 50-Day Moving Average
After a stumble in the market that brought CAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.19% of loss for the given period.
Volatility was left at 5.45%, however, over the last 30 days, the volatility rate increased by 7.94%, as shares surge +12.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.55% upper at present.
During the last 5 trading sessions, CAR rose by +14.20%, which changed the moving average for the period of 200-days by -43.21% in comparison to the 20-day moving average, which settled at $84.60. In addition, Avis Budget Group Inc saw -46.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CAR starting from Ferraro Joseph A., who sale 18,460 shares at the price of $195.41 back on Dec 15 ’23. After this action, Ferraro Joseph A. now owns 217,405 shares of Avis Budget Group Inc, valued at $3,607,258 using the latest closing price.
Martins Izilda P, the EVP, Americas of Avis Budget Group Inc, sale 3,950 shares at $195.86 during a trade that took place back on Dec 15 ’23, which means that Martins Izilda P is holding 21,145 shares at $773,647 based on the most recent closing price.
Stock Fundamentals for CAR
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.34 for the gross margin
The net margin for Avis Budget Group Inc stands at 0.03. The total capital return value is set at 0.41.
Based on Avis Budget Group Inc (CAR), the company’s capital structure generated 1.03 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at -35.11. The interest coverage ratio of the stock is 4.53.
Currently, EBITDA for the company is 5.8 billion with net debt to EBITDA at 1.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 12.91for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, Avis Budget Group Inc (CAR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
