A share price of ACV Auctions Inc [ACVA] is currently trading at $20.75, down -0.81%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ACVA shares have gain 2.47% over the last week, with a monthly amount glided 7.62%, and seem to be holding up well over a long-time horizon.
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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 experienced fluctuations in its stock price throughout the past year between $12.84 and $21.09. 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 $20.75 at the most recent close of the market. An investor can expect a potential drop of -2.02% based on the average ACVA price forecast.
Analyzing the ACVA fundamentals
Trailing Twelve Months sales for ACV Auctions Inc [NASDAQ:ACVA] were 543.70M which represents 29.31% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.25.
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 20.53 points at the first support level, and at 20.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.02, and for the 2nd resistance point, it is at 21.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ACV Auctions Inc [NASDAQ:ACVA] is 1.49. As well, the Quick Ratio is 1.49, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 6.36, the price to book ratio is 7.53.
Transactions by insiders
Recent insider trading involved Peer Andrew, VP, Corporate Controller, that happened on Sep 19 ’24 when 1795.0 shares were sold. Chief Executive Officer, Chamoun George completed a deal on Sep 18 ’24 to sell 0.24 million shares. Meanwhile, Chief Executive Officer Chamoun George sold 0.11 million shares on Sep 17 ’24.
