Advance Auto Parts Inc [AAP] stock prices are up 1.18% to $64.17 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AAP shares have gain 1.55% over the last week, with a monthly amount drifted -13.23%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $88.56 over the past year. Currently, Wall Street analysts expect the stock to reach $169.85 within the next 12 months. Advance Auto Parts Inc [NYSE: AAP] shares were valued at $64.17 at the most recent close of the market. An investor can expect a potential return of 164.69% based on the average AAP price forecast.
Analyzing the AAP fundamentals
The Advance Auto Parts Inc [NYSE:AAP] reported sales of 11.28B for trailing twelve months, representing a drop of -0.33%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.
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 62.78 points at the first support level, and at 61.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.36, and for the 2nd resistance point, it is at 66.54.
Ratios To Look Out For
It’s worth pointing out that Advance Auto Parts Inc [NYSE:AAP]’s Current Ratio is 1.22. On the other hand, the Quick Ratio is 0.29, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 92.64.
Transactions by insiders
Recent insider trading involved Soler Kristen L, EVP, Chief HR Officer, that happened on Jun 03 ’24 when 450.0 shares were purchased. Director, Windom Brent completed a deal on Mar 27 ’24 to buy 4700.0 shares. Meanwhile, EVP, U.S. Stores & CQ Ind. Word Herman L Jr sold 1858.0 shares on Mar 21 ’24.
