The stock price of ACV Auctions Inc (NASDAQ: ACVA) has plunged by -2.48 when compared to previous closing price of 22.96, but the company has seen a 4.33% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that BUFFALO, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) — ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, announced today that members of its management team will present at the 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference on Monday, November 25, 2024 at 11:00 am ET.
Is It Worth Investing in ACV Auctions Inc (NASDAQ: ACVA) Right Now?
ACVA has 36-month beta value of 1.69. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ACVA is 153.11M, and currently, short sellers hold a 5.56% ratio of that float. The average trading volume of ACVA on November 27, 2024 was 1.48M shares.
ACVA’s Market Performance
The stock of ACV Auctions Inc (ACVA) has seen a 4.33% increase in the past week, with a 26.78% rise in the past month, and a 21.36% gain in the past quarter. The volatility ratio for the week is 3.76%, and the volatility levels for the past 30 days are at 4.20% for ACVA. The simple moving average for the last 20 days is 11.29% for ACVA stock, with a simple moving average of 22.37% for the last 200 days.
Analysts’ Opinion of ACVA
Many brokerage firms have already submitted their reports for ACVA stocks, with Raymond James repeating the rating for ACVA by listing it as a “Mkt Perform.” The predicted price for ACVA in the upcoming period, according to Raymond James is $22 based on the research report published on September 27, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see ACVA reach a price target of $21. The rating they have provided for ACVA stocks is “Overweight” according to the report published on June 10th, 2024.
Northcoast gave a rating of “Buy” to ACVA, setting the target price at $22 in the report published on January 10th of the current year.
ACVA Trading at 14.26% 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 -4.54% of loss for the given period.
Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 3.76%, as shares surge +25.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.02% upper at present.
During the last 5 trading sessions, ACVA rose by +4.33%, which changed the moving average for the period of 200-days by +53.99% in comparison to the 20-day moving average, which settled at $20.12. In addition, ACV Auctions Inc saw 47.79% 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 WILLIAM ZERELLA, who proposed sale 32,500 shares at the price of $22.96 back on Nov 26 ’24. After this action, WILLIAM ZERELLA now owns shares of ACV Auctions Inc, valued at $746,200 using the latest closing price.
15 Angels III LLC, the Director of ACV Auctions Inc, proposed sale 27,071 shares at $20.72 during a trade that took place back on Nov 18 ’24, which means that 15 Angels III LLC is holding shares at $560,911 based on the most recent closing price.
Stock Fundamentals for ACVA
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.51 for the gross margin
The net margin for ACV Auctions Inc stands at -0.13. The total capital return value is set at -0.13. Equity return is now at value -16.64, with -7.71 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 0.37. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is -31.11.
Currently, EBITDA for the company is -53.88 million with net debt to EBITDA at 3.23. When we switch over and look at the enterprise to sales, we see a ratio of 6.07. The receivables turnover for the company is 1.78for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
To put it simply, ACV Auctions Inc (ACVA) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
