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AAP
Stock ticker: NYSE
AS OF
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Price
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Capitalization
3.33B

AAP Advance Auto Parts Forecast, Technical & Fundamental Analysis

an operator of automotive parts and accessories stores

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for AAP with price predictions
08:00 PM EDT Sep 28, 2023

AAP sees MACD Histogram just turned negative

AAP saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 07, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for AAP entered a downward trend on September 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AAP's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAP advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .

AAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.203) is normal, around the industry mean (12.145). P/E Ratio (9.515) is within average values for comparable stocks, (24.638). Projected Growth (PEG Ratio) (0.696) is also within normal values, averaging (2.673). AAP has a moderately high Dividend Yield (0.086) as compared to the industry average of (0.036). P/S Ratio (0.294) is also within normal values, averaging (81.831).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. AAP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AAP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Five Below (NASDAQ:FIVE), Bath & Body Works (NYSE:BBWI), GameStop Corp (NYSE:GME), RH (NYSE:RH).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 6.49B. The market cap for tickers in the group ranges from 48 to 303.51B. HD holds the highest valuation in this group at 303.51B. The lowest valued company is CALI at 48.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was -1%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was -5%. MRGO experienced the highest price growth at 45%, while GGBBF experienced the biggest fall at -63%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was 14%. For the same stocks of the Industry, the average monthly volume growth was 25% and the average quarterly volume growth was -58%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 55
Price Growth Rating: 63
SMR Rating: 66
Profit Risk Rating: 77
Seasonality Score: -10 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I. Advisor
published Earnings

AAP is expected to report earnings to rise 4.20% to $1.49 per share on November 14

Advance Auto Parts AAP Stock Earnings Reports
Q3'23
Est.
$1.49
Q2'23
Missed
by $0.27
Q1'23
Missed
by $1.84
Q4'22
Beat
by $0.45
Q3'22
Missed
by $0.48
The last earnings report on August 23 showed earnings per share of $1.43, missing the estimate of $1.70. With 1.91M shares outstanding, the current market capitalization sits at 3.33B.
A.I.Advisor
published Dividends

AAP paid dividends on July 28, 2023

Advance Auto Parts AAP Stock Dividends
А dividend of $0.25 per share was paid with a record date of July 28, 2023, and an ex-dividend date of July 13, 2023. Read more...
A.I. Advisor
published General Information

General Information

an operator of automotive parts and accessories stores

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
4200 Six Forks Road
Phone
+1 540 362-4911
Employees
67000
Web
https://www.advanceautoparts.com
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AAP and

Correlation & Price change

A.I.dvisor indicates that over the last year, AAP has been loosely correlated with CPRT. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if AAP jumps, then CPRT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AAP
1D Price
Change %
AAP100%
+1.56%
CPRT - AAP
46%
Loosely correlated
-0.76%
GPC - AAP
45%
Loosely correlated
+0.78%
DRVN - AAP
44%
Loosely correlated
-0.16%
KAR - AAP
41%
Loosely correlated
-1.39%
LL - AAP
41%
Loosely correlated
+0.63%
More

Groups containing AAP

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AAP
1D Price
Change %
AAP100%
+1.56%
specialty store
(undefined stocks)
49%
Loosely correlated
+0.46%
fixing cars
(undefined stocks)
49%
Loosely correlated
-0.12%
Specialty Stores
(undefined stocks)
48%
Loosely correlated
+0.18%
cars
(undefined stocks)
48%
Loosely correlated
-0.09%
accessories
(undefined stocks)
48%
Loosely correlated
+1.16%
More