American Vanguard Corp (NYSE: AVD) has experienced a rise in its stock price by 9.17 compared to its previous closing price of 5.89. However, the company has seen a gain of 15.03% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-11 that American Vanguard Corporation (NYSE:AVD ) Q3 2024 Earnings Conference Call November 11, 2024 4:30 PM ET Company Participants Anthony Young – Director, Investor Relations Timothy Donnelly – Acting Chief Executive Officer David Johnson – Vice President, Chief Financial Officer & Treasurer Mark Bassett – Board Member Mason Bennett – Vice President, North American Crop, American Vanguard Corp. Conference Call Participants Ben Klieve – Lake Street Capital Markets LLC Anthony Young Thank you, operator. Good afternoon and welcome to American Vanguard’s Third Quarter 2024 Earnings Call.
Is It Worth Investing in American Vanguard Corp (NYSE: AVD) Right Now?
Moreover, the 36-month beta value for AVD is 0.88. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for AVD is 27.07M and currently, short sellers hold a 2.56% of that float. On November 14, 2024, AVD’s average trading volume was 284.61K shares.
AVD’s Market Performance
AVD stock saw an increase of 15.03% in the past week, with a monthly gain of 25.83% and a quarterly increase of 12.81%. The volatility ratio for the week is 8.01%, and the volatility levels for the last 30 days are 4.40% for American Vanguard Corp (AVD). The simple moving average for the past 20 days is 16.63% for AVD’s stock, with a -25.67% simple moving average for the past 200 days.
Analysts’ Opinion of AVD
Many brokerage firms have already submitted their reports for AVD stocks, with Lake Street repeating the rating for AVD by listing it as a “Buy.” The predicted price for AVD in the upcoming period, according to Lake Street is $14 based on the research report published on July 22, 2024 of the current year 2024.
AVD Trading at 16.31% from the 50-Day Moving Average
After a stumble in the market that brought AVD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.96% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 8.01%, as shares surge +20.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.93% upper at present.
During the last 5 trading sessions, AVD rose by +15.03%, which changed the moving average for the period of 200-days by -40.79% in comparison to the 20-day moving average, which settled at $5.51. In addition, American Vanguard Corp saw -41.39% 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 AVD starting from ROSENBLOOM KEITH M, who purchase 104,492 shares at the price of $5.74 back on Aug 30 ’24. After this action, ROSENBLOOM KEITH M now owns 1,168,682 shares of American Vanguard Corp, valued at $599,784 using the latest closing price.
ROSENBLOOM KEITH M, the Director of American Vanguard Corp, purchase 25,000 shares at $5.94 during a trade that took place back on Sep 03 ’24, which means that ROSENBLOOM KEITH M is holding 1,193,682 shares at $148,500 based on the most recent closing price.
Stock Fundamentals for AVD
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.27 for the gross margin
The net margin for American Vanguard Corp stands at -0.05. The total capital return value is set at -0.04. Equity return is now at value -8.43, with -3.70 for asset returns.
Based on American Vanguard Corp (AVD), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is -2.5.
Currently, EBITDA for the company is 45.08 million with net debt to EBITDA at -63.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.68. The receivables turnover for the company is 3.64for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.89.
Conclusion
To wrap up, the performance of American Vanguard Corp (AVD) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
