Advantage Solutions Inc. (NASDAQ:ADV) shares, rose in value, with the stock price down by -2.35% to the previous day’s close as strong demand from buyers drove the stock to $4.57.
Actively observing the price movement in the last trading, the stock closed the session at $4.68. Referring to stock’s 52-week performance, its high was $4.95, and the low was $1.13. On the whole, ADV has fluctuated by 7.78% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.77B, with a low estimate of 820.93M and a high estimate of 914.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 867.51M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADV’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ADV currently trading nearly 6.18% and 11.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.23, while the 7-day volatility ratio is showing 5.32% which for the 30-day chart, stands at 5.20%. Furthermore, Advantage Solutions Inc. (ADV)’s beta value is 1.61, and its average true range (ATR) is 0.22.
A comparison of Advantage Solutions Inc. (ADV) with its peers suggests the former has fared considerably weaker in the market. ADV showed an intraday change of -2.35% in last session, and over the past year, it grew by 271.54%%.
Data on historical trading for Advantage Solutions Inc. (NASDAQ:ADV) indicates that the trading volumes over the past 3 months, they’ve averaged 676.60K. According to company’s latest data on outstanding shares, there are 318.64 million shares outstanding.
Nearly 94.58% of Advantage Solutions Inc.’s shares belong to company insiders and institutional investors own 19.25% of the company’s shares. The stock has risen by 26.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADV stock heading into the next quarter.
