Let’s look at the key reasons that are pushing Advance Auto Parts Inc (AAP) to new highs

Advance Auto Parts Inc (NYSE: AAP) kicked off on Friday, down -3.39% from the previous trading day, before settling in for the closing price of $42.43. Over the past 52 weeks, AAP has traded in a range of $37.51-$88.56.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 3.37%. While this was happening, its average annual earnings per share was recorded 327.19%. With a float of $58.99 million, this company’s outstanding shares have now reached $59.51 million.

Let’s determine the extent of company efficiency that accounts for 69000 employees.

Advance Auto Parts Inc (AAP) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Specialty Retail Industry. The insider ownership of Advance Auto Parts Inc is 1.14%, while institutional ownership is 109.07%. The most recent insider transaction that took place on Jun 03 ’24, was worth 30,150. In this transaction EVP, Chief HR Officer of this company bought 450 shares at a rate of $67.00, taking the stock ownership to the 15,690 shares. Before that another transaction happened on Mar 27 ’24, when Company’s Director bought 4,700 for $85.34, making the entire transaction worth $401,098. This insider now owns 10,000 shares in total.

Advance Auto Parts Inc (AAP) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.82 earnings per share (EPS), lower than consensus estimate (set at 1.45) by -2.27. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 327.19% per share during the next fiscal year.

Advance Auto Parts Inc (NYSE: AAP) Trading Performance Indicators

Take a look at Advance Auto Parts Inc’s (AAP) current performance indicators. Last quarter, stock had a quick ratio of 0.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.22. Likewise, its price to free cash flow for the trailing twelve months is 6.99.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.55 in the next quarter and is forecasted to reach 2.81 in one year’s time.

Technical Analysis of Advance Auto Parts Inc (AAP)

Looking closely at Advance Auto Parts Inc (NYSE: AAP), its last 5-days average volume was 3.3 million, which is a jump from its year-to-date volume of 1.87 million. As of the previous 9 days, the stock’s Stochastic %D was 75.82%. Additionally, its Average True Range was 1.91.

During the past 100 days, Advance Auto Parts Inc’s (AAP) raw stochastic average was set at 8.71%, which indicates a significant decrease from 45.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.18% in the past 14 days, which was lower than the 50.74% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $53.50, while its 200-day Moving Average is $64.72. However, in the short run, Advance Auto Parts Inc’s stock first resistance to watch stands at $42.18. Second resistance stands at $43.38. The third major resistance level sits at $44.10. If the price goes on to break the first support level at $40.26, it is likely to go to the next support level at $39.54. Now, if the price goes above the second support level, the third support stands at $38.34.

Advance Auto Parts Inc (NYSE: AAP) Key Stats

The company with the Market Capitalisation of 2.45 billion has total of 59,622K Shares Outstanding. Its annual sales at the moment are 11,288 M in contrast with the sum of 29,740 K annual income. Company’s last quarter sales were recorded 2,683 M and last quarter income was 44,990 K.