Advance Auto Parts Inc (NYSE:AAP) shares, rose in value on Thursday, March 06, with the stock price down by -2.10% to the previous day’s close as strong demand from buyers drove the stock to $33.63.
Actively observing the price movement in the last trading, the stock closed the session at $34.35. Referring to stock’s 52-week performance, its high was $88.56, and the low was $33.94. On the whole, AAP has fluctuated by -32.16% over the past month.
With the market capitalization of Advance Auto Parts Inc currently standing at about $2.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 2.97%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.51B, with a low estimate of 2.46B and a high estimate of 2.62B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.51B.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AAP currently trading nearly -20.49% and -25.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.16, while the 7-day volatility ratio is showing 4.77% which for the 30-day chart, stands at 5.40%. Furthermore, Advance Auto Parts Inc (AAP)’s beta value is 1.19, and its average true range (ATR) is 2.23.
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 -2.10% in last session, and over the past year, it shrunk by -51.72%%.
Data on historical trading for Advance Auto Parts Inc (NYSE:AAP) indicates that the trading volumes over the past 3 months, they’ve averaged 2.14 million. According to company’s latest data on outstanding shares, there are 59.77 million shares outstanding.
Nearly 1.17% of Advance Auto Parts Inc’s shares belong to company insiders and institutional investors own 121.80% of the company’s shares. The stock has fallen by -28.89% 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.
