The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Advance Auto Parts Inc. (AAP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.37, or 0.32%, to $115.60. The Advance Auto Parts Inc. has recorded 23,276 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Autodrome Granby Wins Advance My Track Challenge, $50,000 from Advance Auto Parts.
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The company is listed on the NYSE and operates within the Specialty Retail industry segment. At the end of the last regular session, the stock closed at $115.23 and fluctuated between $117.51 as its day high and $114.96 as its day low. The current market capitalization of Advance Auto Parts Inc. is $7.09B. A total of 0.87 million shares were traded on the day, compared to an average of 1.37M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AAP has seen 24 BUY and 29 SELL insider trades, representing the acquisition of 80,510 and the disposition of 32,281 shares. Over the last 12 months, there were 65 BUYs and 35 SELLs from insiders. Insiders purchased 93,898 shares during that period but sold 33,961.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Advance Auto Parts Inc. pays an annual dividend of $6.00, resulting in a dividend yield of 5.21%, and it has a price to earnings (P/E) ratio of 13.94. AAP’s most recent ex-dividend date was 4/13/2023 when it declared a $1.50 quarterly dividend that was paid in cash on 4/28/2023. Previously, the company paid the dividend on 1/3/2023 with an ex-dividend date of 12/15/2022. The AAP stock dividend was $1.50 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AAP in the last 3 months, the mean price target is $144.94 with high estimates of $180.00 and low estimates of $103.00. In terms of 52-week highs and lows, AAP has a high of $212.25 and a low of $109.05.
As of this writing, AAP has an earnings estimate of $2.57 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $3.06 per share and a lower estimate of $2.09. The company reported an EPS of $2.84 in the last quarter, which was -15.00% lower than expectations of $3.34.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AAP’s latest balance sheet shows that the firm has $601.43M in Cash & Short Term Investments as of fiscal 2021. There were $3.37B in debt and $5.18B in liabilities at the time. Its Book Value Per Share was $45.06, while its Total Shareholder’s Equity was $3.13B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AAP is Buy with a score of 3.67.