Avnet Inc (NASDAQ:AVT) currently has a daily average trading volume of 1.00M but it saw 2354156 shares traded in last market. With a market cap of 4.06B USD, the company’s current market price of $46.99 came falling about -8.29 while comparing to the previous closing price of $51.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $59.24 and as low as $39.22. In the recent trading on the day, stock has struck highest price mark of $45.825 while lowest mark touched by it was $49.88.
Taking a look at 20-day trading activity of Avnet Inc (AVT) gives us an average price of $47.02, while its current price level is -20.68% below from 52-week high level whereas it is 19.81% 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 $48.34 while that of 200 days or SMA-200 reads an average of $52.00. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.04% during that period while stretching the period over a month that increases to 4.57%. 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 46.07 which implies that the stock is in neutral territory.
Wells Fargo downgraded its recommendation for the stock as a “Underweight” from “Equal Weight” on September 16, 2022 while assigning a price target range of $45-$35. JP Morgan issued its recommendations for the stock as it initiated the price target for the stock is $46.
Over the week, AVT’s stock price is moving -5.70% down while it is -2.29% when we observe its performance for the past one month. Year-to-date it is -10.19% down and over the past year, the stock is showing a downside performance of -6.21%.
The company is expected to be releasing its next quarterly report on 2025-Apr-29, for which analysts forecasted an EPS of 0.79 while estimate for next year EPS is 3.37. In next quarter, company is expected to be making quarterly sales of $5.66B as analysts are expecting the sales for current fiscal year at $21.96B and seeing the company making $23.26B in sales next year. Moreover, analysts are in estimates of $5.43B for current-quarter revenue.
Currently, Avnet Inc’s total number of outstanding shares is 86.33M with 0.88% of that held by the insiders while 107.48% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.19% and return on equity (ROE) at 6.45%. It has a price to earnings ratio (P/E ratio) of 13.32 while having a 8.83 of forward P/E ratio. Stock’s beta reads 0.99. Stock has a price to book (P/B) ratio of 0.84 while price to sale or P/S ratio amounts to 0.18. Its return on asset (ROA) is 2.55% on average.
