Accelevation (NASDAQ:ACCV) Hits New 1-Year Low – What’s Next?

Shares of Accelevation Holdings Corp. (NASDAQ:ACCV) hit a new 52-week low on Wednesday. The company traded as low as $11.24 and last traded at $11.38, with a volume of 989,197 shares trading hands. The stock had previously closed at $14.11.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Accelevation in a report on Monday, October 26th. They set a “buy” rating and a $22.00 target price for the company. Wall Street Zen raised shares of Accelevation to a “hold” rating in a research note on Saturday, October 10th. Barclays started coverage on shares of Accelevation in a research report on Monday, October 26th. They set an “overweight” rating and a $20.00 price target on the stock. Robert W. Baird initiated coverage on shares of Accelevation in a research note on Monday, October 26th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, William Blair set a $20.00 price objective on shares of Accelevation in a report on Monday, October 26th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.43.

Accelevation Stock Down 23.7%

Insider Activity at Accelevation

In other news, Director Ginger M. Jones purchased 10,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was acquired at an average price of $18.00 per share, with a total value of $180,000.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at approximately $180,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Howard C. Heckes purchased 5,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were purchased 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 in the company, valued at approximately $90,000. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 227,700 shares of company stock valued at $4,098,600 over the last ninety days.

Accelevation Company Profile

Accelevation Holdings Corp. designs, manufactures and installs customized structural, electrical and mechanical systems for mission-critical infrastructure.