ACV Auctions Inc (ACVA) concluded trading on Thursady at a closing price of $16.41, with 3.63 million shares of worth about $59.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.47% during that period and on Thursady the price saw a gain of about 17.21%. Currently the company’s common shares owned by public are about 138.64M shares, out of which, 131.34M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 144 times over the past 12 months. They bought 10,873,221 shares in 56 of the transactions. In 88 selling transactions, insiders dumped 8,035,815 shares.
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Stock saw a price change of 18.23% in past 5 days and over the past one month there was a price change of 16.71%. Year-to-date (YTD), ACVA shares are showing a performance of 8.32% which increased to 55.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.41 but also hit the highest price of $18.68 during that period. The average intraday trading volume for ACV Auctions Inc shares is 990.55K. The stock is currently trading 18.19% above its 20-day simple moving average (SMA20), while that difference is up 15.58% for SMA50 and it goes to 6.04% higher than SMA200.
ACV Auctions Inc (NASDAQ: ACVA) currently have 138.64M outstanding shares and institutions hold larger chunk of about 83.28% of that.
The stock has a current market capitalization of $2.62B and its 3Y-monthly beta is at 1.42. It has posted earnings per share of -$0.47 in the same period. It has Quick Ratio of 2.12 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ACVA, volatility over the week remained 4.36% while standing at 4.14% over the month.
Analysts are in expectations that ACV Auctions Inc (ACVA) stock would likely to be making an EPS of -$0.07 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is $0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 159.25% while it is estimated to increase by 702.35% in next year. EPS is likely to grow at an annualized rate of 0.80% for next 5-years, compared to annual growth of -15.18% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northcoast on January 10, 2024 offering a Buy rating for the stock and assigned a target price of $22 to it. Coverage by B. Riley Securities stated ACV Auctions Inc (ACVA) stock as a Buy in their note to investors on July 20, 2023, suggesting a price target of $23 for the stock. On July 13, 2023, JP Morgan Downgrade their recommendations, while on February 16, 2023, Piper Sandler Downgrade their ratings for the stock with a price target of $11. Stock get a Mkt outperform rating from JMP Securities on June 30, 2022.
