Advantage Solutions Inc (NASDAQ:ADV) price on Friday, January 17, rose 3.70% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.52.
A look at the stock’s price movement, the close in the last trading session was $2.43, moving within a range at $2.46 and $2.555. The beta value (5-Year monthly) was 1.559. Turning to its 52-week performance, $4.95 and $2.22 were the 52-week high and 52-week low respectively. Overall, ADV moved -23.87% over the past month.
Advantage Solutions Inc’s market cap currently stands at around $808.30 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 863.39M for the company’s revenue for the quarter, with a low and high estimate of 787.12M and 939.65M respectively. The average forecast suggests down to a -20.04% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.44B, representing a -18.69% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ADV is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend ADV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ADV’s current price about -8.58% and -20.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.12, while 7-day volatility ratio is 5.87% and 5.39% in the 30-day chart. Further, Advantage Solutions Inc (ADV) has a beta value of 1.63, and an average true range (ATR) of 0.15. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $6 and high of $6. Looking at the price targets, the low is -138.1% off current price level while to achieve the yearly target high, price needs to move -138.1%. Nonetheless, investors will most likely welcome a -138.1% jump to $6 which is the analysts’ median price.
If we refocus on Advantage Solutions Inc (NASDAQ:ADV), historical trading data shows that trading volumes averaged 0.46 over the past 10 days and 438.10K over the past 3 months. The company’s latest data on shares outstanding shows there are 320.42 million shares.
The 72.33% of Advantage Solutions Inc’s shares are in the hands of company insiders while institutional holders own 21.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.39 million on 2024-12-31, giving us a short ratio of 24.29. The data shows that as of 2024-12-31 short interest in Advantage Solutions Inc (ADV) stood at 736.0 of shares outstanding, with shares short rising to 8.01 million registered in 2024-11-29. Current price change has pushed the stock -13.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ADV stock continues to rise going into the next quarter.
