Advance Auto Parts Inc [AAP] stock prices are up 4.25% to $77.20 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AAP shares have gain 3.83% over the last week, with a monthly amount drifted -7.91%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Advance Auto Parts Inc [NYSE: AAP] stock has seen the most recent analyst activity on March 19, 2024, when Mizuho initiated its Neutral rating and assigned the stock a price target of $78. On November 16, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $43 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating and suggested a price target of $55 on October 10, 2023. Atlantic Equities downgraded its rating to a Underweight and reduced its price target to $50 on July 10, 2023. In a note dated June 01, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
The stock price of Advance Auto Parts Inc [AAP] has been fluctuating between $47.73 and $129.90 over the past year. Currently, Wall Street analysts expect the stock to reach $206.94 within the next 12 months. Advance Auto Parts Inc [NYSE: AAP] shares were valued at $77.20 at the most recent close of the market. An investor can expect a potential return of 168.06% based on the average AAP price forecast.
Analyzing the AAP fundamentals
The Advance Auto Parts Inc [NYSE:AAP] reported sales of 11.29B for trailing twelve months, representing a drop of -0.36%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.33 points at the first support level, and at 73.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.21, and for the 2nd resistance point, it is at 79.21.
Ratios To Look Out For
It’s worth pointing out that Advance Auto Parts Inc [NYSE:AAP]’s Current Ratio is 1.20. Also, the Quick Ratio is 0.29, while the Cash Ratio stands at 0.09. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 1.82 and price to earnings (TTM) ratio is 104.27.
Transactions by insiders
Recent insider trading involved Windom Brent, Director, that happened on Mar 27 ’24 when 4700.0 shares were purchased. EVP, U.S. Stores & CQ Ind., Word Herman L Jr completed a deal on Mar 21 ’24 to sell 1858.0 shares. Meanwhile, Director Windom Brent bought 2617.0 shares on Mar 19 ’24.
