Advance Auto Parts Inc [NYSE: AAP] stock went on a downward path that fall over -8.34% on Wednesday, amounting to a one-week price decrease of less than -4.31%.
Over the last 12 months, AAP stock dropped by -58.00%. The one-year Advance Auto Parts Inc stock forecast points to a potential upside of 20.57. The average equity rating for AAP stock is currently 3.11, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.87 billion, with 59.77 million shares outstanding and 58.91 million shares in the current float. Compared to the average trading volume of 2.57M shares, AAP stock reached a trading volume of 4673463 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $39.42 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 3.11. 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.
BMO Capital Markets have made an estimate for Advance Auto Parts Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on December 13, 2024. While these analysts kept the previous recommendation, ROTH MKM raised their target price to Neutral. The new note on the price target was released on October 16, 2024, representing the official price target for Advance Auto Parts Inc stock. Previously, the target price had yet another raise to $55, while Wedbush analysts kept a Outperform rating on AAP stock.
The Average True Range (ATR) for Advance Auto Parts Inc is set at 1.59, with the Price to Sales ratio for AAP stock in the period of the last 12 months amounting to 0.18. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 31.24.
AAP Stock Performance Analysis:
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 -4.31. With this latest performance, AAP shares dropped by -4.95% in over the last four-week period, additionally sinking by -16.93% over the last 6 months – not to mention a drop of -58.00% 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 41.02, with the RSI for the last a single of trading hit 38.10, and the three-weeks RSI is set at 41.86 for Advance Auto Parts Inc [AAP]. The present Moving Average for the last 50 days of trading for this stock 34.53, while it was recorded at 33.86 for the last single week of trading, and 41.53 for the last 200 days.
Insight into Advance Auto Parts Inc Fundamentals:
Advance Auto Parts Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.54 and a Current Ratio set at 1.32.
Advance Auto Parts Inc [AAP] Institutonal Ownership Details
The top three institutional holders of AAP stocks are: BLACKROCK INC. with ownership of 7.43 million shares, which is approximately 12.4656%. 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 7.552%.
