One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.
But what if you had the insights to effectively evaluate a company like Arcosa Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Arcosa Inc’s stock is to have the right tools and resources as well as a clear monitoring process.
In this article, we go over a few key elements for understanding Arcosa Inc’s stock price such as:
- Current stock price and volume
- Stock price history
- Upgrades and downgrades from analysts
- Stock price momentum as measured by its relative strength
About Arcosa Inc
(ACA)
Before we jump into Arcosa Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.
Arcosa, Inc. is a provider of infrastructure-related products and solutions with brands serving construction, engineered structure, and transportation markets in North America. The Company’s segments are Construction Products, Engineered Structures and Transportation Products. Its Construction Products segment produces and sells natural and recycled aggregates, specialty materials, and construction site support equipment, including trench shields and shoring products. Its Engineered Structures segment manufactures and sells steel structures for infrastructure businesses, including utility structures for electricity transmission and distribution, structural wind towers, traffic structures, and telecommunication structures. This segment also manufactures distribution tanks. The Transportation Products segment manufactures and sells inland barges, fiberglass barge covers, winches, marine hardware, and steel components for railcars and other transportation and industrial equipment.
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Arcosa Inc’s Stock Price as of Market Close
As of February 24, 2023, 4:00 PM CST, Arcosa Inc’s stock price was $62.91.
Arcosa Inc is up 9.41% from its previous closing price of $57.50.
During the last market session, Arcosa Inc’s stock traded between $56.57 and $58.18. Currently, there are 48.30 million shares of Arcosa Inc stock available for purchase.
Arcosa Inc’s price-earnings (P/E) ratio is currently at 27.9, which is high compared to the Construction & Engineering industry median of 21.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.
Arcosa Inc Stock Price History
Arcosa Inc’s
(ACA) price is currently up 6.14% so far this month.
During the month of February, Arcosa Inc’s stock price has reached a high of $64.02 and a low of $56.35.
Over the last year, Arcosa Inc has hit prices as high as $65.80 and as low as $43.52. Year to date, Arcosa Inc’s stock is up 19.37%.
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What Caused Arcosa Inc Stock’s Price to Rise?
Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?
One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of February 23, 2023,, no analysts have changed their rating of Arcosa Inc’s stock over the last month.
Additionally, you'll want to evaluate Arcosa Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.
Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.
Arcosa Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.
Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.
Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Arcosa Inc
(ACA) by visiting AAII Stock Evaluator.
Relative Price Strength of Arcosa Inc
Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.
For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.
As of February 23, 2023, Arcosa Inc has a weighted four-quarter relative price strength of 5.84%, which translates to a Momentum Score of 74 and is considered to be Strong.
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Arcosa Inc Stock Price: Bottom Line
As of February 24, 2023, Arcosa Inc’s stock price is $62.91, which is up 9.41% from its previous closing price.
At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Arcosa Inc’s stock based on its stock price forecast is ultimately up to you.
It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.
By becoming an A+ Investor subscriber, you will have full access to analytics, grades, stock screens, commentary and more so you can invest with confidence.
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