Avnet Inc (NASDAQ:AVT) currently has a daily average trading volume of 832.99K but it saw 467461 shares traded in last market. With a market cap of 4.72B USD, the company’s current market price of $56.27 came rising about 0.25 while comparing to the previous closing price of $56.13. 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 $55.96 while lowest mark touched by it was $56.78.
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 6.79% up while it is 10.33% when we observe its performance for the past one month. Year-to-date it is 10.94% up and over the past year, the stock is showing an upside performance of 7.55%.
Currently, Avnet Inc’s total number of outstanding shares is 84.93M. 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 15.78 while having a 11.16 of forward P/E ratio. Stock’s beta reads 1.07. Stock has a price to book (P/B) ratio of 0.98 while price to sale or P/S ratio amounts to 0.21. Its return on asset (ROA) is 2.64% on average.
