Avient Corp (NYSE:AVNT) currently has a daily average trading volume of 455.84K but it saw 1051514 shares traded in last market. With a market cap of 4.26B USD, the company’s current market price of $46.61 came falling about -3.94 while comparing to the previous closing price of $48.52. In past 52 weeks, the stock remained buoying in the range of price level as high as $51.51 and as low as $27.73. In the recent trading on the day, stock has struck highest price mark of $46.24 while lowest mark touched by it was $50.96.
Taking a look at 20-day trading activity of Avient Corp (AVNT) gives us an average price of $48.90, while its current price level is -9.50% below from 52-week high level whereas it is 68.06% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $48.33 while that of 200 days or SMA-200 reads an average of $43.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.49% during that period while stretching the period over a month that decreases to 2.24%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.65 which implies that the stock is in neutral territory.
Deutsche Bank upgraded its recommendation for the stock as a “Buy” from “Hold” on August 07, 2024 while assigning a price target range of $49-$52. Deutsche Bank also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $46 and $37.
Over the week, AVNT’s stock price is moving -3.02% down while it is -5.42% when we observe its performance for the past one month. Year-to-date it is 12.12% up and over the past year, the stock is showing an upside performance of 47.41%.
Currently, Avient Corp’s total number of outstanding shares is 91.20M. Company’s return on investment (ROI) stands at 3.12% and return on equity (ROE) at 4.98%. It has a price to earnings ratio (P/E ratio) of 36.76 while having a 15.72 of forward P/E ratio. Stock’s beta reads 1.49. Stock has a price to book (P/B) ratio of 1.84 while price to sale or P/S ratio amounts to 1.35. Its return on asset (ROA) is 1.94% on average.
