How have the shares performed?
ACV Auctions Inc. (ACVA) saw downtrend of -2.10% in the recent trading with $28.45 being its most recent. The current price level -24.68% lower than the highest price of $37.77 marked by the stock while trading over the past 52-weeks, whereas it is 7.40% higher than the lowest price of $26.49 the company dropped to over past 52-weeks. The latest news story on ACVA appeared in GlobeNewswire under the title “ACV Announces First Quarter 2021 Results” on May-13-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -24.68% below one month high and is +11.05% above of the lowest during that time.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.30 for the stock.
ACV Auctions Inc. Earnings – What Happened With ACVA
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $53.76 billion while analysts on average were estimating the same to be $56.69 million.
ACVA – ACV Auctions Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 154.53 million. ACVA does have institutional investors; and they hold 51.70% of the stock.
ACV Auctions Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, ACVA declared 8,694,691 shares have been sold in 4 insider transactions over the past three months.
As on Mar 30, 2021, Manufacturers Life Insurance Co. was the top most holder in ACV Auctions Inc. (NASDAQ:ACVA) with an ownership of 15000.0 shares of the company or 0.09% of the stake worth $0.52 million. The filing also reveals Verde Servicos Internacionais S.a. as the second largest holder in the company with a control over 0.06% of the outstanding shares. Its stake is worth $0.35 million for having 10000.0 shares in hand.
Ogorek, Anthony, Joseph/NY also came holding a key position in the company during the recent quarter and it now holds 0.01% of the outstanding shares. With this there are now 31 institutions which have possession in ACVA’s shares.
Currently, the stock has been recommended as Moderate Buy by 11 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.30 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by ACV Auctions Inc. was 2.13 while posting a debt to equity ratio of 0.01.
Technical Analysis of ACV Auctions Inc. (NASDAQ:ACVA) stock