ACV Auctions Inc (NASDAQ: ACVA) is 7.72% higher on its value in year-to-date trading and has touched a low of $12.84 and a high of $19.63 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 $17.08 in the last trading session, with the day’s loss setting it -0.76%.
Currently trading at $16.32, the stock is -8.36% and -9.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -4.45% at the moment leaves the stock -0.19% off its SMA200. ACVA registered -7.48% loss for a year compared to 6-month gain of 25.83%.
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The stock witnessed a -9.18% loss in the last 1 month and extending the period to 3 months gives it a -3.49%, and is -6.58% 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 5.16% over the week and 4.23% over the month.
ACV Auctions Inc (ACVA) has around 2170 employees, a market worth around $2.69B and $507.30M in sales. Fwd P/E is 39.18. Profit margin for the company is -15.28%. Distance from 52-week low is 27.10% and -16.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.67%).
The EPS is expected to grow by 131.24% this year
The shares outstanding are 165.09M, and float is at 142.48M with Short Float at 7.31%.
ACV Auctions Inc (ACVA) Insider Activity
The most recent transaction is an insider sale by ZERELLA WILLIAM, the company’s Chief Financial Officer. SEC filings show that ZERELLA WILLIAM sold 32,500 shares of the company’s common stock on Jul 09 ’24 at a price of $17.51 per share for a total of $0.57 million. Following the sale, the insider now owns 0.5 million shares.
ACV Auctions Inc disclosed in a document filed with the SEC on Jul 09 ’24 that Waterman Michael (Chief Sales Officer) sold a total of 26,336 shares of the company’s common stock. The trade occurred on Jul 09 ’24 and was made at $17.51 per share for $0.46 million. Following the transaction, the insider now directly holds 0.37 million shares of the ACVA stock.
Still, SEC filings show that on Jul 02 ’24, Anderson Craig Eric (CCDSO) disposed off 7,500 shares at an average price of $17.81 for $0.13 million. The insider now directly holds 328,167 shares of ACV Auctions Inc (ACVA).
