The stock of Avnet Inc. (AVT) has gone up by 7.01% for the week, with a 7.93% rise in the past month and a 10.03% rise in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are 1.83% for AVT. The simple moving average for the last 20 days is 5.65% for AVT stock, with a simple moving average of 13.41% for the last 200 days.
Is It Worth Investing in Avnet Inc. (NASDAQ: AVT) Right Now?
The price-to-earnings ratio for Avnet Inc. (NASDAQ: AVT) is above average at 10.66x. The 36-month beta value for AVT is also noteworthy at 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.”
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The public float for AVT is 86.58M, and at present, short sellers hold a 4.86% of that float. The average trading volume of AVT on October 31, 2024 was 558.63K shares.
AVT) stock’s latest price update
The stock of Avnet Inc. (NASDAQ: AVT) has increased by 5.93 when compared to last closing price of 54.46. Despite this, the company has experienced a 7.01% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-30 that Avnet, Inc. (NASDAQ:AVT ) Q1 2025 Earnings Conference Call October 30, 2024 12:00 PM ET Company Participants Joe Burke – Vice President, Treasurer & Investor Relations Phil Gallagher – Chief Executive Officer Ken Jacobson – Chief Financial Officer Conference Call Participants Joe Quatrochi – Wells Fargo Ruplu Bhattacharya – Bank of America Matt Sheerin – Stifel William Stein – Truist Securities Operator Welcome to the Avnet First Quarter Fiscal Year 2025 Earnings Call. I would now like to turn the floor over to Joe Burke, Vice President of Treasury and Investor Relations for Avnet.
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 7.79% 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 able to rebound, for now settling with 3.31% of gains for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +8.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.26% upper at present.
During the last 5 trading sessions, AVT rose by +7.01%, which changed the moving average for the period of 200-days by +23.14% in comparison to the 20-day moving average, which settled at $54.60. In addition, Avnet Inc. saw 14.46% 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 JAMES LAWRENCE, who proposed sale 3,642 shares at the price of $54.83 back on Aug 29 ’24. After this action, JAMES LAWRENCE now owns shares of Avnet Inc., valued at $199,707 using the latest closing price.
LAWRENCE JAMES A, the Director of Avnet Inc., sale 3,642 shares at $54.83 during a trade that took place back on Aug 29 ’24, which means that LAWRENCE JAMES A is holding 0 shares at $199,691 based on the most recent closing price.
Stock Fundamentals for AVT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.09 for the gross margin
The net margin for Avnet Inc. stands at 0.01. The total capital return value is set at 0.1. Equity return is now at value 10.31, with 4.02 for asset returns.
Based on Avnet Inc. (AVT), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 5.24.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at 3.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 6.12for trailing twelve months and the total asset turnover is 2.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
In summary, Avnet Inc. (AVT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
