ACV Auctions Inc [ACVA] stock is trading at $17.71, down -0.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACVA shares have gain 16.90% over the last week, with a monthly amount glided 1.96%, and 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:
ACV Auctions Inc [NASDAQ: ACVA] stock has seen the most recent analyst activity on June 10, 2024, when JP Morgan upgraded its rating to a Overweight but kept the price target unchanged to $21 for it. Previously, Northcoast upgraded its rating to Buy on January 10, 2024, and kept the price target unchanged to $22. On July 20, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $23 on the stock. JP Morgan downgraded its rating to a Neutral but stick to its price target of $17 on July 13, 2023. Piper Sandler downgraded its rating to a Neutral but $11 remained the price target by the analyst firm on February 16, 2023. In a note dated June 10, 2022, Barrington Research initiated an Outperform rating and provided a target price of $18 on this stock.
ACV Auctions Inc [ACVA] stock has fluctuated between $12.84 and $19.63 over the past year. Currently, Wall Street analysts expect the stock to reach $20.33 within the next 12 months. ACV Auctions Inc [NASDAQ: ACVA] shares were valued at $17.71 at the most recent close of the market. An investor can expect a potential return of 14.79% based on the average ACVA price forecast.
Analyzing the ACVA fundamentals
ACV Auctions Inc [NASDAQ:ACVA] reported sales of 543.70M for the trailing twelve months, which represents a growth of 29.31%. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.17 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 17.44 points at the first support level, and at 17.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.02, and for the 2nd resistance point, it is at 18.33.
Ratios To Look Out For
For context, ACV Auctions Inc’s Current Ratio is 1.49. On the other hand, the Quick Ratio is 1.49, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 5.43, the price to book ratio is 6.43.
Transactions by insiders
Recent insider trading involved WILLIAM ZERELLA, Officer, that happened on Aug 06 ’24 when 32500.0 shares were purchased. Chief Financial Officer, ZERELLA WILLIAM completed a deal on Aug 06 ’24 to sell 32500.0 shares. Meanwhile, Chief Financial Officer ZERELLA WILLIAM sold 32500.0 shares on Jul 09 ’24.
