Advance Auto Parts Inc [AAP] stock is trading at $43.84, up 0.97%. 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 13.87% over the last week, with a monthly amount glided 18.20%, and seem to be holding up well over a long-time horizon.
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 [AAP] stock has fluctuated between $35.59 and $88.56 over the past year. Currently, Wall Street analysts expect the stock to reach $154.32 within the next 12 months. Advance Auto Parts Inc [NYSE: AAP] shares were valued at $43.84 at the most recent close of the market. An investor can expect a potential return of 252.01% based on the average AAP price forecast.
Analyzing the AAP fundamentals
Advance Auto Parts Inc [NYSE:AAP] reported sales of 10.70B for the trailing twelve months, which represents a drop of -21.00%. Gross Profit Margin for this corporation currently stands at 0.41% 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 0.01 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
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 42.73 points at the first support level, and at 41.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.44, and for the 2nd resistance point, it is at 45.04.
Ratios To Look Out For
For context, Advance Auto Parts Inc’s Current Ratio is 1.34. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.24, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 60.17.
Transactions by insiders
Recent insider trading involved Soler Kristen L, EVP, Chief HR Officer, that happened on Nov 25 ’24 when 130.0 shares were purchased. Director, Seboldt Thomas W completed a deal on Nov 18 ’24 to buy 2650.0 shares. Meanwhile, Director Jones Jeffrey J II bought 69.0 shares on Oct 25 ’24.
