The trading price of Advance Auto Parts Inc (NYSE:AAP) closed higher on Tuesday, May 27, and closing at $49.60, 1.91% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $71.62 and a 52-week low of $28.89. Over the past month, the stock has gained 50.85% in value.
Advance Auto Parts Inc, whose market valuation is $2.97 billion at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 2.02%, while its Forward Dividend ratio is 1.00. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AAP has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AAP a recommendation rating is 13. Out of them, 10 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Advance Auto Parts Inc (AAP) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that AAP’s price is currently 40.64% off the SMA20 and 40.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.23, and weekly volatility stands at 24.29%. When measured over the past 30 days, the indicator reaches 10.67%. Advance Auto Parts Inc (NYSE:AAP)’s beta value is currently sitting at 1.04, while the Average True Range indicator is currently displaying 2.78. With analysts defining $35-$35 as the low and high price targets, we arrive at a consensus price target of $35 for the trailing 12-month period. The current price is about 29.44% off the estimated low and 29.44% off the forecast high, based on this estimate. Investors will be thrilled if AAP’s share price rises to $35, which is the median consensus price. At that level, AAP’s share price would be 29.44% above current price.
To see how Advance Auto Parts Inc stock has been performing in comparison to its peers in the industry, here are the numbers: AAP stock’s performance was 1.91% in the latest trading, and -29.38% in the past year.
An evaluation of the daily trading volume of Advance Auto Parts Inc (NYSE:AAP) indicates that the 3-month average is 3.10 million.
Currently, records show that 60.00 million of the company’s shares remain outstanding. The insiders hold 1.55% of outstanding shares, whereas institutions hold 124.19%. However, since the stock’s price has seen 4.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
