Avnet Inc (NASDAQ:AVT) currently has a daily average trading volume of 1.03M but it saw 606703 shares traded in last market. With a market cap of 4.24B USD, the company’s current market price of $50.62 came rising about 1.93 while comparing to the previous closing price of $49.66. 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.
Taking a look at 20-day trading activity of Avnet Inc (AVT) gives us an average price of $48.68, while its current price level is -14.55% below from 52-week high level whereas it is 29.07% 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 $48.07 while that of 200 days or SMA-200 reads an average of $51.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.13% during that period while stretching the period over a month that increases to 3.53%. 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 56.71 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 3.69% up while it is 21.95% when we observe its performance for the past one month. Year-to-date it is -3.25% down and over the past year, the stock is showing an upside performance of 1.77%.
Currently, Avnet Inc’s total number of outstanding shares is 84.93M with 0.91% of that held by the insiders while 107.97% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.21% and return on equity (ROE) at 6.42%. It has a price to earnings ratio (P/E ratio) of 14.19 while having a 10.04 of forward P/E ratio. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 0.88 while price to sale or P/S ratio amounts to 0.19. Its return on asset (ROA) is 2.64% on average.
