The stock of Avient Corp (AVNT) has seen a 2.68% increase in the past week, with a 3.32% gain in the past month, and a 19.57% flourish in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 2.11% for AVNT. The simple moving average for the last 20 days is 1.76% for AVNT’s stock, with a simple moving average of 14.15% for the last 200 days.
Is It Worth Investing in Avient Corp (NYSE: AVNT) Right Now?
Avient Corp (NYSE: AVNT) has a price-to-earnings ratio that is above its average at 52.50x. The stock has a 36-month beta value of 1.54. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AVNT is 89.38M, and at present, short sellers hold a 1.17% of that float. On April 25, 2024, the average trading volume of AVNT was 447.01K shares.
AVNT) stock’s latest price update
Avient Corp (NYSE: AVNT) has experienced a decline in its stock price by -0.12 compared to its previous closing price of 43.31. However, the company has seen a gain of 2.68% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-17 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Avient (AVNT) have what it takes?
Analysts’ Opinion of AVNT
Many brokerage firms have already submitted their reports for AVNT stocks, with Deutsche Bank repeating the rating for AVNT by listing it as a “Hold.” The predicted price for AVNT in the upcoming period, according to Deutsche Bank is $37 based on the research report published on November 06, 2023 of the previous year 2023.
Oppenheimer, on the other hand, stated in their research note that they expect to see AVNT reach a price target of $50. The rating they have provided for AVNT stocks is “Outperform” according to the report published on February 16th, 2023.
Deutsche Bank gave a rating of “Buy” to AVNT, setting the target price at $40 in the report published on October 17th of the previous year.
AVNT Trading at 5.26% from the 50-Day Moving Average
After a stumble in the market that brought AVNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.61% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +3.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.93% upper at present.
During the last 5 trading sessions, AVNT rose by +2.68%, which changed the moving average for the period of 200-days by +7.29% in comparison to the 20-day moving average, which settled at $42.58. In addition, Avient Corp saw 4.07% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVNT starting from Patterson Robert M, who purchase 24,304 shares at the price of $34.55 back on Nov 17 ’23. After this action, Patterson Robert M now owns 610,897 shares of Avient Corp, valued at $839,589 using the latest closing price.
Rathbun Joel R., the SVP, Mergers & Acquisitions of Avient Corp, sale 6,743 shares at $38.98 during a trade that took place back on Sep 06 ’23, which means that Rathbun Joel R. is holding 5,334 shares at $262,819 based on the most recent closing price.
Stock Fundamentals for AVNT
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.29 for the gross margin
The net margin for Avient Corp stands at 0.02. The total capital return value is set at 0.04. Equity return is now at value 3.26, with 1.26 for asset returns.
Based on Avient Corp (AVNT), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 1.78.
Currently, EBITDA for the company is 479.9 million with net debt to EBITDA at 3.69. When we switch over and look at the enterprise to sales, we see a ratio of 1.76. The receivables turnover for the company is 7.86for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
To sum up, Avient Corp (AVNT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
