A new trading day began on Friday, with Advance Auto Parts Inc (NYSE: AAP) stock price down -1.45% from the previous day of trading, before settling in for the closing price of $37.28. AAP’s price has ranged from $36.40 to $88.56 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 3.37%. Meanwhile, its annual earnings per share averaged 328.18%. With a float of $59.02 million, this company’s outstanding shares have now reached $59.51 million.
Considering the fact that the conglomerate employs 69000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 39.75%, operating margin of 0.57%, and the pretax margin is -0.03%.
Advance Auto Parts Inc (AAP) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Retail Industry. The insider ownership of Advance Auto Parts Inc is 1.10%, while institutional ownership is 109.20%. 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 its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.82 per share, which was $0.1 lower 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 0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 328.18% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.50% during the next five years compared to -38.63% drop over the previous five years of trading.
Advance Auto Parts Inc (NYSE: AAP) Trading Performance Indicators
Here are Advance Auto Parts Inc’s current performance indicators. According to the last quarter’s results, the 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 0.19. Likewise, its price to free cash flow for the trailing twelve months is 6.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.81 in one year’s time.
Technical Analysis of Advance Auto Parts Inc (AAP)
Compared to the last year’s volume of 1.97 million, its volume of 2.48 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.45%. Additionally, its Average True Range was 1.59.
During the past 100 days, Advance Auto Parts Inc’s (AAP) raw stochastic average was set at 1.11%, which indicates a significant decrease from 1.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.39% in the past 14 days, which was lower than the 47.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.53, while its 200-day Moving Average is $62.09. Nevertheless, the first resistance level for the watch stands at $37.31 in the near term. At $37.88, the stock is likely to face the second major resistance level. The third major resistance level sits at $38.20. If the price goes on to break the first support level at $36.42, it is likely to go to the next support level at $36.10. Now, if the price goes above the second support level, the third support stands at $35.53.
Advance Auto Parts Inc (NYSE: AAP) Key Stats
With a market capitalization of 2.19 billion, the company has a total of 59,622K Shares Outstanding. Currently, annual sales are 11,288 M while annual income is 29,740 K. The company’s previous quarter sales were 2,683 M while its latest quarter income was 44,990 K.
