At the last check on Thursday, Advance Auto Parts Inc.’s (NYSE:AAP) stock was down -$0.82, moving down -1.37 percent to $59.30. The average number of shares traded per day over the past five days has been 2,153,209 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 3,482,247, while in the previous 50 days, it was 2,660,167.
Since last month, AAP stock retreated -11.94%. Shares of the company fell to $56.40 on 09/13/23, the lowest level in the past month. A 52-week high of $194.35 was reached on 02/02/23 after having rallying from a 52-week low of $56.40. Since the beginning of this year, AAP’s stock price has dropped by -59.67% or -$87.72, and marked a new high 5 times. However, the stock has declined by -69.49% since its 52-week high.
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AAP stock investors should be aware that Advance Auto Parts Inc. (AAP) stock had its last reported insider trading activity 8 days ago on Sep 13. LEE EUGENE I JR, the Director of the company, purchased of 8,670 shares for $57.65 on Sep 13. It resulted in a $499,818 investment by the insider. Pertz Douglas A added 4,575 shares at an average price of $66.02 on Jun 12. The insider now owns 12,831 shares following the transaction. On Jun 09, Director Pertz Douglas A bought 1,570 shares at $63.75 apiece. The transaction was valued at $100,088.
Valuation Metrics
Right now, Advance Auto Parts Inc. (AAP) has a P/E ratio of about 10.27. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 0.31, the price-to-book (PB) ratio of 1.29.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Tuesday May 30 2023, a $1.25 dividend decrease was announced.
Financial Health
In the three months ended June 29, Advance Auto Parts Inc.’s quick ratio stood at 0.30, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.66, and the total debt-to-equity ratio was 0.69. On the profitability front, the trailing twelve-month gross margin is 43.60% percent. In the year ended June 29, EBITDA margin amounted to 9.30%, whereas operating margins totaled 4.80%. Based on annual data, AAP earned $4.96 billion in gross profit and brought in $11.15 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.80%. Return on equity (ROE) for the past 12 months was 12.90%.
In Advance Auto Parts Inc.’s quarter-end financial report for June 29, it reported total debt of $1.79 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AAP’s revenue rose 0.73% to $3.42 billion during the quarter, while net income inched up to $2.69 billion. While analysts expected Advance Auto Parts Inc. to report $1.66 quarterly earnings, the actual figure was $1.44 per share, beating the consensus estimate by -13.30%. During the quarter, the company generated $204.79 million in EBITDA. The liabilities of Advance Auto Parts Inc. were 9.58 billion at the end of its most recent quarter ended June 29, and its total debt was $4.6 billion. The value of shareholders’ equity is $59.47 million.
Technical Picture
This quick technical analysis looks at Advance Auto Parts Inc.’s (AAP) price momentum. With a historical volatility rate of 52.37%, the RSI 9-day stood at 36.86% on 20 September.
With respect to its five-day moving average, the current Advance Auto Parts Inc. price is down by -0.53% percent or -$0.31. At present, AAP shares trade -14.59% below its 20-day simple moving average and -52.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.17% below its SMA50 and -61.25% below its SMA200.
Stochastic coefficient K was 24.88% and Stochastic coefficient D was 22.58%, while ATR was 2.23. Given the Stochastic reading of 22.39% for the 14-day period, the RSI (14) reading has been calculated as 36.77%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at -2.08.
Analyst Ratings
Advance Auto Parts Inc. downgraded its rating on Advance Auto Parts Inc. (NYSE: AAP) to an Underweight in a note to investors on July 10, 2023. The analysts firm previously had a Neutral rating on the stock.Advance Auto Parts Inc. (AAP) has been rated Hold by analysts. According to 2 brokerage firms, AAP is a sell, and 22 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Advance Auto Parts Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $73.65, the current consensus forecast for the stock is $50.00 – $84.00. Based on these forecasts, analysts predict Advance Auto Parts Inc. (AAP) will achieve an average price target of $71.79.
