On January 24, 2023, ACV Auctions Inc. (NASDAQ: ACVA) opened at $8.88, higher 3.01% from the last session. During the day, the shares moved up to $9.28 and dropped to $8.88 before settling in for the closing price of $8.97. Price fluctuations for ACVA have ranged from $6.10 to $15.70 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -134.40% at the time writing. With a float of $116.11 million, this company’s outstanding shares have now reached $157.26 million.
Considering the fact that the conglomerate employs 1910 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +40.43, operating margin of -20.98, and the pretax margin is -21.61.
ACV Auctions Inc. (ACVA) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Auto & Truck Dealerships industry is another important factor to consider. The insider ownership of ACV Auctions Inc. is 1.00%, while institutional ownership is 94.50%. The most recent insider transaction that took place on Jan 12, was worth 606,651. In this transaction Chief Executive Officer of this company sold 66,828 shares at a rate of $9.08, taking the stock ownership to the 210,303 shares. Before that another transaction happened on Jan 11, when Company’s Chief Executive Officer sold 113,009 for $8.90, making the entire transaction worth $1,005,498. This insider now owns 210,303 shares in total.
ACV Auctions Inc. (ACVA) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/29/2022, the company posted -$0.16 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.18) by $0.02. This company achieved a net margin of -21.81 while generating a return on equity of -19.98. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -134.40% per share during the next fiscal year.
ACV Auctions Inc. (NASDAQ: ACVA) Trading Performance Indicators
Check out the current performance indicators for ACV Auctions Inc. (ACVA). In the past quarter, the stock posted a quick ratio of 2.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.19 in the next quarter and is forecasted to reach -0.50 in one year’s time.
Technical Analysis of ACV Auctions Inc. (ACVA)
Compared to the last year’s volume of 0.76 million, its volume of 0.68 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 61.28%. Additionally, its Average True Range was 0.47.
During the past 100 days, ACV Auctions Inc.’s (ACVA) raw stochastic average was set at 80.77%, which indicates a significant increase from 79.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.98% in the past 14 days, which was lower than the 76.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.50, while its 200-day Moving Average is $8.72. Nevertheless, the first resistance level for the watch stands at $9.39 in the near term. At $9.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.79. If the price goes on to break the first support level at $8.99, it is likely to go to the next support level at $8.73. Now, if the price goes above the second support level, the third support stands at $8.59.
ACV Auctions Inc. (NASDAQ: ACVA) Key Stats
There are currently 158,215K shares outstanding in the company with a market cap of 1.45 billion. Presently, the company’s annual sales total 358,440 K according to its annual income of -78,180 K. Last quarter, the company’s sales amounted to 105,420 K and its income totaled -23,670 K.