Advance Auto Parts Inc (NYSE:AAP) shares, rose in value on Wednesday, May 07, with the stock price down by -0.29% to the previous day’s close as strong demand from buyers drove the stock to $31.36.
Actively observing the price movement in the last trading, the stock closed the session at $31.45. Referring to stock’s 52-week performance, its high was $77.49, and the low was $28.89. On the whole, AAP has fluctuated by -3.30% over the past month.
With the market capitalization of Advance Auto Parts Inc currently standing at about $1.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 3.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.5B, with a low estimate of 2.45B 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 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 AAP currently trading nearly -3.47% and -10.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.20, while the 7-day volatility ratio is showing 3.61% which for the 30-day chart, stands at 5.57%. Furthermore, Advance Auto Parts Inc (AAP)’s beta value is 0.93, and its average true range (ATR) is 1.65.
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 -0.29% in last session, and over the past year, it shrunk by -58.90%%.
Data on historical trading for Advance Auto Parts Inc (NYSE:AAP) indicates that the trading volumes over the past 3 months, they’ve averaged 2.53 million. According to company’s latest data on outstanding shares, there are 59.77 million shares outstanding.
Nearly 1.55% of Advance Auto Parts Inc’s shares belong to company insiders and institutional investors own 122.93% of the company’s shares. The stock has fallen by -33.69% 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.
