ACV Auctions Inc (NASDAQ: ACVA) is 21.19% higher on its value in year-to-date trading and has touched a low of $12.84 and a high of $19.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACVA stock was last observed hovering at around $17.83 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $18.36, the stock is 1.10% and 2.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 2.97% at the moment leaves the stock 15.34% off its SMA200. ACVA registered 0.55% gain for a year compared to 6-month gain of 28.66%.
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The stock witnessed a 5.09% loss in the last 1 month and extending the period to 3 months gives it a 6.50%, and is 3.09% up 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 2.98% over the week and 3.61% over the month.
ACV Auctions Inc (ACVA) has around 2170 employees, a market worth around $3.03B and $507.30M in sales. Fwd P/E is 45.26. Profit margin for the company is -15.28%. Distance from 52-week low is 42.99% and -6.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.67%).
with sales reaching $156.34M over the same period.The EPS is expected to grow by 130.70% this year, but quarterly earnings will post 28.10% year-over-year. Quarterly sales are estimated to grow 25.90% in year-over-year returns.
ACV Auctions Inc (ACVA) Top Institutional Holders
The shares outstanding are 165.09M, and float is at 142.43M with Short Float at 6.53%.
ACV Auctions Inc (ACVA) Insider Activity
The most recent transaction is an insider sale by Hirsch Brian,the company’sDirector. SEC filings show that Hirsch Brian sold 57,211 shares of the company’s common stock on Jun 10 ’24 at a price of $18.33 per share for a total of $1.05 million. Following the sale, the insider now owns 32197.0 shares.
ACV Auctions Inc disclosed in a document filed with the SEC on Jun 07 ’24 that Hirsch Brian (Director) sold a total of 14,909 shares of the company’s common stock. The trade occurred on Jun 07 ’24 and was made at $18.02 per share for $0.27 million. Following the transaction, the insider now directly holds 89408.0 shares of the ACVA stock.
Still, SEC filings show that on Jun 07 ’24, Castillo Kirsten (Director) disposed off 5,000 shares at an average price of $17.82 for $89100.0. The insider now directly holds 9,239 shares of ACV Auctions Inc (ACVA).
