The stock of Avis Budget Group Inc (CAR) has gone up by 12.42% for the week, with a 29.75% rise in the past month and a 21.78% rise in the past quarter. The volatility ratio for the week is 6.42%, and the volatility levels for the past 30 days are 5.76% for CAR. The simple moving average for the last 20 days is 19.10% for CAR’s stock, with a simple moving average of 3.35% 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 higher price-to-earnings ratio of 9.74x compared to its average ratio. CAR has 36-month beta value of 2.19. Analysts have mixed views on the stock, 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 currently, short sellers hold a 9.82% ratio of that float. The average trading volume of CAR on November 15, 2024 was 662.96K shares.
CAR) stock’s latest price update
The stock price of Avis Budget Group Inc (NASDAQ: CAR) has jumped by 0.88 compared to previous close of 105.63. Despite this, the company has seen a gain of 12.42% in its stock price over the last five trading days. prnewswire.com reported 2024-11-14 that Emerging leadership in allogeneic CAR-T for hematologic malignancies demonstrated by recent P-BCMA-ALLO1 Phase 1 data and new preclinical findings for P-CD19CD20-ALLO1 and P-CD70-ALLO1 Latest preclinical data on P-BCMACD19-ALLO1 demonstrates its potential as a next-generation allogeneic TSCM-rich CAR-T for both autoimmune diseases and oncology Advancing innovative strategies to overcome the unique challenges of applying CAR-T to solid tumors Virtual R&D Day featuring partner Astellas Pharma and Poseida’s leadership and scientific teams to be held today at 10:00am ET / 7:00am PT SAN DIEGO, Nov. 14, 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 plans to share progress across its clinical- and earlier-stage pipeline of differentiated T stem cell memory cells (TSCM)-rich allogeneic CAR-T therapies in oncology and autoimmune diseases during a virtual R&D Day to be held today at 10:00am ET / 7:00am PT. “We believe Poseida is well positioned to be a cell therapy leader based on the unique capabilities of our proprietary non-viral technology platform and our allogeneic TSCM-rich CAR-T approach,” said Kristin Yarema, Ph.D.
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 25.48% 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 -47.38% of loss for the given period.
Volatility was left at 5.76%, however, over the last 30 days, the volatility rate increased by 6.42%, as shares surge +32.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.68% upper at present.
During the last 5 trading sessions, CAR rose by +12.42%, which changed the moving average for the period of 200-days by -34.91% in comparison to the 20-day moving average, which settled at $89.47. In addition, Avis Budget Group Inc saw -39.88% 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 1.04 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at -25.23. The interest coverage ratio of the stock is 4.53.
Currently, EBITDA for the company is 6.43 billion with net debt to EBITDA at 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 9.8for 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 put it simply, Avis Budget Group Inc (CAR) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
