ACV Auctions Inc (NASDAQ: ACVA) is 36.63% higher on its value in year-to-date trading and has touched a low of $12.84 and a high of $21.31 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 $21.10 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $20.70, the stock is 11.61% and 8.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.65 million and changing -1.90% at the moment leaves the stock 15.52% off its SMA200. ACVA registered 47.54% gain for a year compared to 6-month gain of 16.55%. The firm has a 50-day simple moving average (SMA 50) of $19.1058 and a 200-day simple moving average (SMA200) of $17.884325.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 10.40% loss in the last 1 month and extending the period to 3 months gives it a 13.99%, and is 16.88% 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 5.68% over the week and 3.74% over the month.
ACV Auctions Inc (ACVA) has around 2170 employees, a market worth around $3.47B and $596.02M in sales. Fwd P/E is 58.67. Profit margin for the company is -12.89%. Distance from 52-week low is 61.21% and -2.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.61%).
The EPS is expected to grow by 150.04% this year.
ACV Auctions Inc (ACVA) Top Institutional Holders
287.0 institutions hold shares in ACV Auctions Inc (ACVA), with institutional investors hold 102.32% of the company’s shares. The shares outstanding are 161.50M, and float is at 146.91M with Short Float at 5.80%. Institutions hold 101.02% of the Float.
The top institutional shareholder in the company is FMR LLC with over 17.32 million shares valued at $316.14 million. The investor’s holdings represent 10.6346% of the ACVA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.26 million shares valued at $241.99 million to account for 8.1403 of the shares outstanding. The other top investors are ARROWMARK COLORADO HOLDINGS LLC which holds 12.63 million shares representing 7.7551% and valued at over $230.54 million, while BLACKROCK INC. holds 6.7009 of the shares totaling 10.92 million with a market value of $199.2 million.
ACV Auctions Inc (ACVA) Insider Activity
#####
Still, SEC filings show that on Oct 15 ’24, ZERELLA WILLIAM (Chief Financial Officer) disposed off 32,500 shares at an average price of $18.79 for $0.61 million. The insider now directly holds 490,482 shares of ACV Auctions Inc (ACVA).
