A share price of Advance Auto Parts Inc [AAP] is currently trading at $39.38, up 1.97%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AAP shares have gain 5.29% over the last week, with a monthly amount drifted -6.39%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Wedbush upgraded its rating to Outperform on October 15, 2024, and kept the price target unchanged to $55. On March 19, 2024, Mizuho initiated with a Neutral rating and assigned a price target of $78 on the stock. BofA Securities downgraded its rating to a Underperform and reduced its price target to $43 on November 16, 2023. TD Cowen started tracking with a Market Perform rating for this stock on October 10, 2023, and assigned it a price target of $55. In a note dated July 10, 2023, Atlantic Equities downgraded an Underweight rating on this stock and revised its target price from $130 to $50.
Advance Auto Parts Inc experienced fluctuations in its stock price throughout the past year between $36.40 and $88.56. Currently, Wall Street analysts expect the stock to reach $155.41 within the next 12 months. Advance Auto Parts Inc [NYSE: AAP] shares were valued at $39.38 at the most recent close of the market. An investor can expect a potential return of 294.64% based on the average AAP price forecast.
Analyzing the AAP fundamentals
Trailing Twelve Months sales for Advance Auto Parts Inc [NYSE:AAP] were 11.27B which represents -0.11% decline. 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 0.0 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
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 38.59 points at the first support level, and at 37.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.83, and for the 2nd resistance point, it is at 40.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Advance Auto Parts Inc [NYSE:AAP] is 1.23. Further, the Quick Ratio stands at 0.30, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.21, the price to book ratio is 0.90 and price to earnings (TTM) ratio is 3394.83.
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.
