ACV Auctions Inc (NYSE:ACVA) shares, rose in value, with the stock price down by -2.39% to the previous day’s close as strong demand from buyers drove the stock to $14.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.28, falling within a range of $14.01 and $15.42. The value of beta (5-year monthly) is 1.73. Referring to stock’s 52-week performance, its high was $23.46, and the low was $12.77. On the whole, ACVA has fluctuated by -9.33% over the past month.
With the market capitalization of ACV Auctions Inc currently standing at about $2.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-18.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 775.26M, with a low estimate of 176.88M and a high estimate of 185.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 182.24M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACVA’s technical picture suggests that short-term indicators denote the stock is a 50% 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 50% Sell.
The stock’s technical analysis shows that the price of ACVA currently trading nearly 0.76% and -18.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.19, while the 7-day volatility ratio is showing 5.33% which for the 30-day chart, stands at 6.09%. Furthermore, ACV Auctions Inc (ACVA)’s beta value is 1.71, and its average true range (ATR) is 0.95.
A comparison of ACV Auctions Inc (ACVA) with its peers suggests the former has fared considerably weaker in the market. ACVA showed an intraday change of -2.39% in today’s session so far, and over the past year, it shrunk by -20.62%%.
Data on historical trading for ACV Auctions Inc (NYSE:ACVA) indicates that the trading volumes over the past 10 days have averaged 3.11 and over the past 3 months, they’ve averaged 2.06 million. According to company’s latest data on outstanding shares, there are 168.03 million shares outstanding.
Nearly 4.70% of ACV Auctions Inc’s shares belong to company insiders and institutional investors own 97.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.12 million shares as on 2025-02-28, resulting in a short ratio of 5.34. According to the data, the short interest in ACV Auctions Inc (ACVA) stood at 603.00 of shares outstanding as of 2025-02-28; the number of short shares registered in 2025-01-31 reached 8.75 million. The stock has fallen by -30.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACVA stock heading into the next quarter.
