Conyers Park Acquisition stock hits 52-week low at $1.24

Conyers Park Acquisition Corp. has experienced a significant downturn, with its stock price touching a 52-week low of $1.24. According to InvestingPro analysis, the company appears undervalued at current levels, with a beta of 2.01 indicating higher volatility than the broader market. This latest price level reflects a stark contrast to its performance over the past year, which has seen the company’s stock value plummet by an alarming 69.41%. Investors are closely monitoring the stock as it navigates through a challenging period, with market sentiment appearing to be bearish on the company’s prospects. The 52-week low serves as a critical indicator for the company’s valuation and could potentially attract interest from value investors seeking opportunities amidst the decline. With a current ratio of 1.98 and gross profit margins of 14.22%, InvestingPro data reveals 13 additional key insights about the company’s financial health and market position.

In other recent news, Advantage Solutions Inc. reported its fourth-quarter and full-year 2024 earnings, highlighting a mixed financial performance. The company experienced a 3% decline in Q4 revenue, totaling $762 million, while adjusted EBITDA rose by 9% to $95 million. For the entire year, revenue remained flat at $3 billion, with a slight 1% increase in adjusted EBITDA, reaching $356 million. In a strategic move, Advantage Solutions appointed Daniel Gore as the new Chief Accounting Officer, effective March 24, 2025. Gore, who previously held financial executive roles at various companies, will receive a compensation package that includes a base salary of $375,000 and restricted stock units valued at $300,000. Despite challenges in its Branded and Retailer Services, the company noted an 11% revenue increase in its Experiential Services segment. Looking forward, Advantage Solutions aims for low single-digit growth in both revenue and adjusted EBITDA for 2025, with significant investments planned in IT initiatives. Additionally, Advantage Solutions has been focusing on technology upgrades and operational efficiency to navigate the current market environment.

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