Avnet Inc. (NASDAQ: AVT) has a price-to-earnings ratio of 8.32x that is above its average ratio. Additionally, the 36-month beta value for AVT is 1.18. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 2 rating it as “sell.”
The public float for AVT is 89.70M and currently, short sellers hold a 3.32% ratio of that float. The average trading volume of AVT on June 28, 2024 was 599.82K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
AVT) stock’s latest price update
Avnet Inc. (NASDAQ: AVT)’s stock price has soared by 1.02 in relation to previous closing price of 50.93. Nevertheless, the company has seen a loss of -1.81% in its stock price over the last five trading days. businesswire.com reported 2024-06-25 that PHOENIX–(BUSINESS WIRE)– #Avnet–Avnet names Rebeca Obregon new president of Farnell.
AVT’s Market Performance
Avnet Inc. (AVT) has experienced a -1.81% fall in stock performance for the past week, with a -3.62% drop in the past month, and a 3.77% rise in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 1.83% for AVT. The simple moving average for the past 20 days is -3.24% for AVT’s stock, with a 6.08% simple moving average for the past 200 days.
Analysts’ Opinion of AVT
Many brokerage firms have already submitted their reports for AVT stocks, with Wells Fargo repeating the rating for AVT by listing it as a “Underweight.” The predicted price for AVT in the upcoming period, according to Wells Fargo is $35 based on the research report published on September 16, 2022 of the previous year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see AVT reach a price target of $46. The rating they have provided for AVT stocks is “Underweight” according to the report published on July 14th, 2022.
BofA Securities gave a rating of “Neutral” to AVT, setting the target price at $43 in the report published on October 07th of the previous year.
AVT Trading at -0.87% from the 50-Day Moving Average
After a stumble in the market that brought AVT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.23% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -5.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.45% upper at present.
During the last 5 trading sessions, AVT fell by -1.79%, which changed the moving average for the period of 200-days by +7.25% in comparison to the 20-day moving average, which settled at $53.02. In addition, Avnet Inc. saw 2.08% 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 AVT starting from Arnold Ken E., who sale 8,000 shares at the price of $54.34 back on Jun 12 ’24. After this action, Arnold Ken E. now owns 40,239 shares of Avnet Inc., valued at $434,720 using the latest closing price.
GALLAGHER PHILIP R, the Chief Executive Officer of Avnet Inc., sale 30,000 shares at $53.74 during a trade that took place back on May 29 ’24, which means that GALLAGHER PHILIP R is holding 139,709 shares at $1,612,200 based on the most recent closing price.
Stock Fundamentals for AVT
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.12 for the gross margin
The net margin for Avnet Inc. stands at 0.02. The total capital return value is set at 0.12. Equity return is now at value 11.87, with 4.68 for asset returns.
Based on Avnet Inc. (AVT), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 3.32.
Currently, EBITDA for the company is 1.37 billion with net debt to EBITDA at 2.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.31. The receivables turnover for the company is 5.74for trailing twelve months and the total asset turnover is 2.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
In conclusion, Avnet Inc. (AVT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
