At the time of writing, ACV Auctions Inc [ACVA] stock is trading at $21.42, down -2.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACVA shares have gain 0.89% over the last week, with a monthly amount drifted -0.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, JP Morgan upgraded its rating to Overweight on June 10, 2024, and kept the price target unchanged to $21. On January 10, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $22 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $23 on July 20, 2023. JP Morgan downgraded its rating to a Neutral but $17 remained the price target by the analyst firm on July 13, 2023. Piper Sandler downgraded its rating to Neutral for this stock on February 16, 2023, but kept the price target unchanged to $11.
For the past year, the stock price of ACV Auctions Inc fluctuated between $12.84 and $23.46. 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 $21.42 at the most recent close of the market. An investor can expect a potential drop of -5.09% based on the average ACVA price forecast.
Analyzing the ACVA fundamentals
According to ACV Auctions Inc [NASDAQ:ACVA], the company’s sales were 596.02M for trailing twelve months, which represents an 43.96% jump. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.17 and Total Capital is -0.13. 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 20.86 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 22.12, and for the 2nd resistance point, it is at 22.81.
Ratios To Look Out For
It is important to note that ACV Auctions Inc [NASDAQ:ACVA] has a current ratio of 1.51. On the other hand, the Quick Ratio is 1.51, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 6.30, the price to book ratio is 7.84.
Transactions by insiders
Recent insider trading involved Chamoun George, Chief Executive Officer, that happened on Dec 10 ’24 when 0.21 million shares were sold. Chief Executive Officer, Chamoun George completed a deal on Dec 11 ’24 to sell 0.14 million shares. Meanwhile, Chief Sales Officer Waterman Michael sold 15000.0 shares on Dec 10 ’24.
