Advance Auto Parts Inc. (NYSE:AAP) shares fell to a low of $200.65 before closing at $202.81. Intraday shares traded counted 0.83 million, which was 8.79% higher than its 30-day average trading volume of 910.49K. AAP’s previous close was $204.15 while the outstanding shares total 67.70M. The firm has a beta of 1.36, a 12-month trailing P/E ratio of 28.38, and a growth ratio of 2.34. The stock’s Relative Strength Index (RSI) is 69.93, with weekly volatility at 1.45% and ATR at 3.79. The AAP stock’s 52-week price range has touched low of $116.76 and a $205.20 high. The stock traded lower over the last trading session, losing -0.66% on 05/05/21.
Investors have identified the Specialty Retail company Advance Auto Parts Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $13.30 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Advance Auto Parts Inc. (AAP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 6.27 billion total, with 4.74 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 11.91 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AAP sounds very interesting.
Is the stock of AAP attractive?
In related news, President and CEO, Greco Thomas bought 7,285 shares of the company’s stock in a transaction that recorded on Jun 15. The purchase was performed at an average price of 136.13, for a total value of 991,707. As the purchase deal closes, the EVP, General Counsel, Corp Sec, Finley Tammy M now sold 88 shares of the company’s stock, valued at 12,894. Also, SVP, Controller and CAO, Page Andrew E sold 720 shares of the company’s stock in a deal that was recorded on Jun 04. The shares were cost at an average price of 141.38 per share, with a total market value of 101,794. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
14 out of 24 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Advance Auto Parts Inc.. 1 analysts has assigned a Sell rating on the AAP stock. The 12-month mean consensus price target for the company’s shares has been set at $207.69.