Advance Auto Parts Inc (NYSE:AAP) shares, rose in value, with the stock price up by 0.58% to the previous day’s close as strong demand from buyers drove the stock to $75.14.
Actively observing the price movement in the last trading, the stock closed the session at $74.71. The value of beta (5-year monthly) was 1.20 whereas the PE ratio was 101.49 over 12-month period. Referring to stock’s 52-week performance, its high was $127.31, and the low was $47.73. On the whole, AAP has fluctuated by -11.93% over the past month.
With the market capitalization of Advance Auto Parts Inc currently standing at about $4.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 29, 2024 – Jun 03, 2024. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 1.33%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AAP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 1.60, with the price of AAP currently trading nearly -3.21% and 0.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.14, while the 7-day volatility ratio is showing 3.13% which for the 30-day chart, stands at 3.47%. Furthermore, Advance Auto Parts Inc (AAP)’s beta value is 1.21, and its average true range (ATR) is 2.80.
A comparison of Advance Auto Parts Inc (AAP) with its peers suggests the former has fared considerably weaker in the market. AAP showed an intraday change of 0.58% in last session, and over the past year, it shrunk by -38.58%%.
Data on historical trading for Advance Auto Parts Inc (NYSE:AAP) indicates that the trading volumes over the past 3 months, they’ve averaged 1.93 million. According to company’s latest data on outstanding shares, there are 59.51 million shares outstanding.
Nearly 1.13% of Advance Auto Parts Inc’s shares belong to company insiders and institutional investors own 101.88% of the company’s shares. The stock has risen by 23.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AAP stock heading into the next quarter.
