Aviat Networks Inc (NASDAQ: AVNW) has a price-to-earnings ratio that is above its average at 22.25x. The stock has a 36-month beta value of 1.81. 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 AVNW is 11.27M, and at present, short sellers hold a 4.98% of that float. On May 02, 2024, the average trading volume of AVNW was 112.60K shares.
AVNW) stock’s latest price update
Aviat Networks Inc (NASDAQ: AVNW)’s stock price has dropped by -17.25 in relation to previous closing price of 33.97. Nevertheless, the company has seen a loss of -15.43% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-01 that Aviat Networks, Inc. (NASDAQ:AVNW ) Q3 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Andrew Fredrickson – Director of Corporate Development & Investor Relations Peter Smith – President & Chief Executive Officer David Gray – Senior Vice President & Chief Financial Officer Conference Call Participants Jaeson Schmidt – Lake Street Capital Markets Scott Searle – ROTH Capital Partners Theodore O’Neill – Litchfield Hills Research Tim Savageaux – Northland Capital Markets Operator Good afternoon. Welcome to Aviat Networks’ Third Quarter Fiscal 2024 Earnings Call.
AVNW’s Market Performance
Aviat Networks Inc (AVNW) has seen a -15.43% fall in stock performance for the week, with a -23.45% decline in the past month and a -5.58% plunge in the past quarter. The volatility ratio for the week is 3.74%, and the volatility levels for the past 30 days are at 2.95% for AVNW. The simple moving average for the past 20 days is -16.91% for AVNW’s stock, with a -11.92% simple moving average for the past 200 days.
Analysts’ Opinion of AVNW
Many brokerage firms have already submitted their reports for AVNW stocks, with Lake Street repeating the rating for AVNW by listing it as a “Buy.” The predicted price for AVNW in the upcoming period, according to Lake Street is $51 based on the research report published on June 06, 2023 of the previous year 2023.
JMP Securities, on the other hand, stated in their research note that they expect to see AVNW reach a price target of $50. The rating they have provided for AVNW stocks is “Mkt Outperform” according to the report published on September 01st, 2022.
ROTH Capital gave a rating of “Buy” to AVNW, setting the target price at $49 in the report published on August 24th of the previous year.
AVNW Trading at -19.80% from the 50-Day Moving Average
After a stumble in the market that brought AVNW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.64% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 3.74%, as shares sank -22.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.23% lower at present.
During the last 5 trading sessions, AVNW fell by -16.89%, which changed the moving average for the period of 200-days by -12.13% in comparison to the 20-day moving average, which settled at $33.43. In addition, Aviat Networks Inc saw -13.93% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVNW starting from SMITH PETE A, who sale 13,099 shares at the price of $34.44 back on Sep 07 ’23. After this action, SMITH PETE A now owns 215,726 shares of Aviat Networks Inc, valued at $451,085 using the latest closing price.
Tucker Bryan, the Sr. VP, Americas Sales and Ser of Aviat Networks Inc, sale 5,324 shares at $34.44 during a trade that took place back on Sep 07 ’23, which means that Tucker Bryan is holding 37,678 shares at $183,340 based on the most recent closing price.
Stock Fundamentals for AVNW
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.36 for the gross margin
The net margin for Aviat Networks Inc stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 6.54, with 3.56 for asset returns.
Based on Aviat Networks Inc (AVNW), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -3.63.
Currently, EBITDA for the company is 32.43 million with net debt to EBITDA at -0.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 1.81for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.
Conclusion
To sum up, Aviat Networks Inc (AVNW) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
