Advance Auto Parts Inc (NYSE:AAP) price closed lower on Monday, June 09, and dropping -0.76% below its previous close.
A look at the daily price movement shows that the last close reads $52.50. Taking into account the 52-week price action we note that the stock hit a 52-week high of $67.03 and 52-week low of $28.89. The stock added 65.98% on its value in the past month.
Advance Auto Parts Inc, which has a market valuation of $3.12 billion, is expected to release its quarterly earnings report in July. The company stock has a Forward Dividend ratio of 1.00, while the dividend yield is 1.92%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give AAP a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 13 analysts have assigned AAP a recommendation rating as follows: 10 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Advance Auto Parts Inc (AAP) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AAP’s price is at present 19.04% off the SMA20 and 38.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 70.06, with weekly volatility standing at 0.92%. The indicator jumps to 10.82% when calculated based on the past 30 days. Advance Auto Parts Inc (NYSE:AAP)’s beta value is holding at 1.09, while the average true range (ATR) indicator is currently reading 2.52. Considering analysts have assigned the stock a price target range of $35-$50 as the low and high respectively, we find the trailing 12-month average consensus price target to be $42.5. Based on this estimate, we see that current price is roughly 32.82% off the estimated low and 4.03% off the forecast high. Investors will no doubt be excited to see the share price rise to $42.5, which is the median consensus price, and at that level AAP would be 18.43% from current price.
An analysis of the Advance Auto Parts Inc (NYSE:AAP) stock in terms of its daily trading volume indicates that the 3-month average is 2.99 million.
Current records show that the company has 60.00M in outstanding shares. The insiders’ percentage holdings are 1.60% of outstanding shares while the percentage share held by institutions stands at 124.10%. But the 10.17% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
