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

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

Analysts Set New Price Targets

A number of research firms recently commented on ACCV. Zacks Research began coverage on Accelevation in a research note on Tuesday, October 27th. They issued a “hold” rating on the stock. Barclays began coverage on Accelevation in a research report on Monday, October 26th. They set an “overweight” rating and a $20.00 price target on the stock. Bank of America initiated coverage on Accelevation in a research note on Monday, October 26th. They set a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. started coverage on Accelevation in a report on Monday, October 26th. They issued an “overweight” rating and a $20.00 price objective for the company. Finally, Wall Street Zen upgraded Accelevation to a “hold” rating in a research report on Saturday, October 10th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.43.

Accelevation Trading Up 11.3%

Insider Buying and Selling

In other Accelevation news, COO Brent Jewell purchased 2,500 shares of the stock in a transaction on Thursday, October 1st. The stock was acquired at an average cost of $18.00 per share, with a total value of $45,000.00. Following the completion of the purchase, the chief operating officer directly owned 304,068 shares of the company’s stock, valued at approximately $5,473,224. This trade represents a 0.83% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul Donahue purchased 7,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were acquired at an average price of $18.00 per share, with a total value of $126,000.00. Following the completion of the transaction, the director owned 7,000 shares of the company’s stock, valued at approximately $126,000. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 227,700 shares of company stock worth $4,098,600 over the last 90 days.

About Accelevation

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