Advance Auto Parts Inc [NYSE: AAP] closed the trading session at $42.42.
The stocks have a year to date performance of -30.49 percent and weekly performance of -11.35 percent. The stock has been moved at -41.62 percent over the last six months. The stock has performed -27.93 percent around the most recent 30 days and changed -34.95 percent over the most recent 3-months.
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If compared to the average trading volume of 1.75M shares, AAP reached to a volume of 3113592 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Advance Auto Parts Inc [AAP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AAP shares is $51.51 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AAP stock is a recommendation set at 3.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Mizuho have made an estimate for Advance Auto Parts Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 19, 2024. While these analysts kept the previous recommendation, William Blair raised their target price to Mkt Perform. The new note on the price target was released on December 13, 2023, representing the official price target for Advance Auto Parts Inc stock. Previously, the target price had yet another drop from $60 to $43, while BofA Securities kept a Underperform rating on AAP stock.
The Average True Range (ATR) for Advance Auto Parts Inc is set at 2.33, with the Price to Sales ratio for AAP stock in the period of the last 12 months amounting to 0.22. The Price to Book ratio for the last quarter was 0.97, with the Price to Cash per share for the same quarter was set at 8.03. Price to Free Cash Flow for AAP in the course of the last twelve months was 7.24 with Quick ratio for the last quarter at 0.30.
AAP stock trade performance evaluation
Advance Auto Parts Inc [AAP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.35. With this latest performance, AAP shares dropped by -27.93% in over the last four-week period, additionally sinking by -41.62% over the last 6 months – not to mention a drop of -37.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AAP stock in for the last two-week period is set at 20.19, with the RSI for the last a single of trading hit 13.68, and the three-weeks RSI is set at 25.07 for Advance Auto Parts Inc [AAP]. The present Moving Average for the last 50 days of trading for this stock 58.36, while it was recorded at 44.85 for the last single week of trading, and 65.43 for the last 200 days.
Advance Auto Parts Inc [AAP]: An insightful look at the core fundamentals
Advance Auto Parts Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 1.23.
Earnings per share (EPS) analysis for Advance Auto Parts Inc [AAP] stock
With the latest financial reports released by the company, Advance Auto Parts Inc posted -0.82/share EPS, while the average EPS was predicted by analysts to be reported at 1.45/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.27. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AAP.
Advance Auto Parts Inc [AAP]: Institutional Ownership
There are presently around $110.43%, or 111.67%% of AAP stock, in the hands of institutional investors. The top three institutional holders of AAP stocks are: BLACKROCK INC. with ownership of 7.43 million shares, which is approximately 12.4813%. VANGUARD GROUP INC, holding 6.73 million shares of the stock with an approximate value of $$426.46 million in AAP stocks shares; and VANGUARD GROUP INC, currently with $$285.21 million in AAP stock with ownership which is approximately 7.5615%.
