Accelevation (NASDAQ:ACCV) Shares Climb 15.7% – Time to Buy?

Accelevation Holdings Corp. (NASDAQ:ACCV) rose 15.7% during mid-day trading on Wednesday. The company traded as high as $12.54 and last traded at $12.36. Approximately 340,082 shares traded hands during trading, a decline of 82% from the average daily volume of 1,903,406 shares. The stock had previously closed at $10.68.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACCV. JPMorgan Chase & Co. began coverage on shares of Accelevation in a research report on Monday, October 26th. They set an “overweight” rating and a $20.00 target price for the company. Wall Street Zen upgraded shares of Accelevation to a “hold” rating in a report on Saturday, October 10th. Morgan Stanley assumed coverage on shares of Accelevation in a research report on Monday, October 26th. They issued an “equal weight” rating and a $18.00 price target on the stock. Zacks Research started coverage on Accelevation in a research note on Tuesday, October 27th. They set a “hold” rating for the company. Finally, Robert W. Baird began coverage on Accelevation in a report on Monday, October 26th. They set an “outperform” rating and a $16.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Accelevation currently has an average rating of “Moderate Buy” and a consensus price target of $19.43.

Accelevation Stock Up 2.5%

Accelevation (NASDAQ:ACCV) last announced its earnings results on Thursday, November 12th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.12. Equities analysts predict that Accelevation Holdings Corp. will post 0.48 EPS for the current fiscal year.

Insider Activity at Accelevation

In related news, Director Paul Donahue purchased 7,000 shares of Accelevation stock in a transaction that occurred on Thursday, October 1st. The stock was bought at an average price of $18.00 per share, for a total transaction of $126,000.00. Following the completion of the transaction, the director owned 7,000 shares in the company, valued at $126,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Howard Heckes acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were bought at an average price of $18.00 per share, with a total value of $90,000.00. Following the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $90,000. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 227,700 shares of company stock valued at $4,098,600 in the last 90 days.

Accelevation Company Profile

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure. The company primarily serves data centers, including facilities supporting artificial intelligence, cloud computing, hyperscale computing and other high-density technology applications. The company’s products and solutions include power distribution equipment, modular infrastructure systems, structural support components, thermal management products and related electrical systems.