A new trading day began on Monday, with ACV Auctions Inc (NASDAQ: ACVA) stock price down -2.41% from the previous day of trading, before settling in for the closing price of $19.05. ACVA’s price has ranged from $12.84 to $21.10 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 79.89%. Meanwhile, its annual earnings per share averaged 130.67%. With a float of $146.91 million, this company’s outstanding shares have now reached $166.59 million.
The extent of productivity of a business whose workforce counts for 2170 workers is very important to gauge. In terms of profitability, gross margin is 47.58%, operating margin of -15.7%, and the pretax margin is -14.4%.
ACV Auctions Inc (ACVA) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto & Truck Dealerships Industry. The insider ownership of ACV Auctions Inc is 11.82%, while institutional ownership is 92.02%. The most recent insider transaction that took place on Oct 15 ’24, was worth 610,675. In this transaction Chief Financial Officer of this company sold 32,500 shares at a rate of $18.79, taking the stock ownership to the 490,482 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Chief Sales Officer sold 18,001 for $18.79, making the entire transaction worth $338,239. This insider now owns 337,190 shares in total.
ACV Auctions Inc (ACVA) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 130.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.80% during the next five years compared to -15.18% drop over the previous five years of trading.
ACV Auctions Inc (NASDAQ: ACVA) Trading Performance Indicators
Here are ACV Auctions Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.70. Likewise, its price to free cash flow for the trailing twelve months is 1604.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.49, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of ACV Auctions Inc (ACVA)
The latest stats from [ACV Auctions Inc, ACVA] show that its last 5-days average volume of 0.66 million was inferior to 1.2 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 70.55%. Additionally, its Average True Range was 0.61.
During the past 100 days, ACV Auctions Inc’s (ACVA) raw stochastic average was set at 60.36%, which indicates a significant increase from 42.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.16% in the past 14 days, which was lower than the 47.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.19, while its 200-day Moving Average is $17.55. Now, the first resistance to watch is $18.90. This is followed by the second major resistance level at $19.20. The third major resistance level sits at $19.36. If the price goes on to break the first support level at $18.44, it is likely to go to the next support level at $18.28. Assuming the price breaks the second support level, the third support level stands at $17.98.
ACV Auctions Inc (NASDAQ: ACVA) Key Stats
With a market capitalization of 3.10 billion, the company has a total of 165,088K Shares Outstanding. Currently, annual sales are 481,230 K while annual income is -75,260 K. The company’s previous quarter sales were 160,620 K while its latest quarter income was -17,060 K.
