Advantage Solutions Inc (NASDAQ:ADV) shares, rose in value on Friday, March 07, with the stock price down by -8.90% to the previous day’s close as strong demand from buyers drove the stock to $2.15.
Actively observing the price movement in the last trading, the stock closed the session at $2.36. Referring to stock’s 52-week performance, its high was $4.95, and the low was $2.22. On the whole, ADV has fluctuated by -21.53% over the past month.
With the market capitalization of Advantage Solutions Inc currently standing at about $689.62 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.65B, with a low estimate of 876.95M and a high estimate of 876.95M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 876.95M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADV’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 100% Sell 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 ADV currently trading nearly -15.14% and -18.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.08, while the 7-day volatility ratio is showing 8.96% which for the 30-day chart, stands at 5.82%. Furthermore, Advantage Solutions Inc (ADV)’s beta value is 1.86, and its average true range (ATR) is 0.15.
A comparison of Advantage Solutions Inc (ADV) with its peers suggests the former has fared considerably weaker in the market. ADV showed an intraday change of -8.90% in last session, and over the past year, it shrunk by -41.10%%.
Data on historical trading for Advantage Solutions Inc (NASDAQ:ADV) indicates that the trading volumes over the past 3 months, they’ve averaged 361.52K. According to company’s latest data on outstanding shares, there are 320.42 million shares outstanding.
Nearly 72.32% of Advantage Solutions Inc’s shares belong to company insiders and institutional investors own 21.72% of the company’s shares. The stock has fallen by -26.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADV stock heading into the next quarter.
