ACV Auctions Inc (NASDAQ:ACVA) shares, rose in value, with the stock price up by 2.09% to the previous day’s close as strong demand from buyers drove the stock to $18.09.
Actively observing the price movement in the last trading, the stock closed the session at $17.72. Referring to stock’s 52-week performance, its high was $19.54, and the low was $11.94. On the whole, ACVA has fluctuated by -4.08% 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 612.91M, with a low estimate of 141.99M and a high estimate of 145.71M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 143.96M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACVA’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 ACVA currently trading nearly 0.60% and 2.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.86, while the 7-day volatility ratio is showing 3.67% which for the 30-day chart, stands at 3.88%. Furthermore, ACV Auctions Inc (ACVA)’s beta value is 1.55, and its average true range (ATR) is 0.70.
A comparison of ACV Auctions Inc (ACVA) with its peers suggests the former has fared considerably weaker in the market. ACVA showed an intraday change of 2.09% in last session, and over the past year, it grew by 48.89%%.
Data on historical trading for ACV Auctions Inc (NASDAQ:ACVA) indicates that the trading volumes over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 170.41 million shares outstanding.
Nearly 16.62% of ACV Auctions Inc’s shares belong to company insiders and institutional investors own 77.83% of the company’s shares. The stock has risen by 19.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACVA stock heading into the next quarter.
