ACV Auctions Inc. (NASDAQ: ACVA) is -54.03% lower on its value in year-to-date trading and has touched a low of $6.10 and a high of $22.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACVA stock was last observed hovering at around $8.47 in the last trading session, with the day’s gains setting it 0.19% off its average median price target of $15.00 for the next 12 months. It is also 61.51% off the consensus price target high of $22.50 offered by 15 analysts, but current levels are 13.4% higher than the price target low of $10.00 for the same period.
Currently trading at $8.66, the stock is -1.18% and 7.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 2.24% at the moment leaves the stock -25.49% off its SMA200. ACVA registered -53.79% loss for a year compared to 6-month loss of -40.19%.
The stock witnessed a 9.48% gain in the last 1 month and extending the period to 3 months gives it a 21.29%, and is -3.78% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.97% over the week and 5.33% over the month.
ACV Auctions Inc. (ACVA) has around 1470 employees, a market worth around $1.48B and $410.10M in sales. Profit margin for the company is -25.60%. Distance from 52-week low is 41.97% and -62.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.90%).
ACV Auctions Inc. (ACVA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ACV Auctions Inc. (ACVA) is a “Buy”. 15 analysts offering their recommendations for the stock have an average rating of 1.70, where 2 rate it as a Hold and 0 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ACV Auctions Inc. is expected to release its quarterly report on 11/09/2022.The EPS is expected to shrink by -134.40% this year
ACV Auctions Inc. (ACVA) Top Institutional Holders
The shares outstanding are 156.70M, and float is at 113.62M with Short Float at 6.44%.
ACV Auctions Inc. (ACVA) Insider Activity
A total of 16 insider transactions have happened at ACV Auctions Inc. (ACVA) in the last six months, with sales accounting for 8 and purchases happening 8 times. The most recent transaction is an insider sale by Waterman Michael, the company’s Chief Sales Officer. SEC filings show that Waterman Michael sold 2,931 shares of the company’s common stock on May 02 at a price of $12.75 per share for a total of $37370.0. Following the sale, the insider now owns 66964.0 shares.
ACV Auctions Inc. disclosed in a document filed with the SEC on Dec 13 that Anderson Craig Eric (CCDSO and Chief Legal Officer) sold a total of 16,535 shares of the company’s common stock. The trade occurred on Dec 13 and was made at $20.08 per share for $0.33 million. Following the transaction, the insider now directly holds 0.0 shares of the ACVA stock.
Still, SEC filings show that on Dec 10, Anderson Craig Eric (CCDSO and Chief Legal Officer) disposed off 1,900 shares at an average price of $20.00 for $38000.0. The insider now directly holds 0 shares of ACV Auctions Inc. (ACVA).
ACV Auctions Inc. (ACVA): Who are the competitors?
The company’s main competitors (and peers) include Copart Inc. (CPRT) that is trading -23.51% down over the past 12 months and eBay Inc. (EBAY) that is -46.02% lower over the same period.