Avient Corp (NYSE: AVNT) has a higher price-to-earnings ratio of 26.09x compared to its average ratio, The 36-month beta value for AVNT is at 1.53. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for AVNT is 89.52M, and currently, shorts hold a 1.54% of that float. The average trading volume for AVNT on January 20, 2025 was 544.31K shares.
AVNT) stock’s latest price update
The stock price of Avient Corp (NYSE: AVNT) has jumped by 2.19 compared to previous close of 41.53. Despite this, the company has seen a gain of 11.22% in its stock price over the last five trading days. prnewswire.com reported 2025-01-14 that CLEVELAND, Jan. 14, 2025 /PRNewswire/ — Avient Corporation (NYSE: AVNT), an innovator of materials solutions, intends to release its fourth quarter 2024 earnings before the market opens on Thursday, February 13, 2025. The company will then host a webcast with a slide presentation at 8:00 a.m.
AVNT’s Market Performance
Avient Corp (AVNT) has seen a 11.22% rise in stock performance for the week, with a -9.49% decline in the past month and a -16.69% plunge in the past quarter. The volatility ratio for the week is 2.91%, and the volatility levels for the past 30 days are at 3.00% for AVNT. The simple moving average for the past 20 days is 4.55% for AVNT’s stock, with a -7.23% simple moving average for the past 200 days.
Analysts’ Opinion of AVNT
Deutsche Bank, on the other hand, stated in their research note that they expect to see AVNT reach a price target of $52, previously predicting the price at $49. The rating they have provided for AVNT stocks is “Buy” according to the report published on August 07th, 2024.
Deutsche Bank gave a rating of “Hold” to AVNT, setting the target price at $37 in the report published on November 06th of the previous year.
AVNT Trading at -8.64% 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 -22.38% of loss for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares sank -7.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.06% lower at present.
During the last 5 trading sessions, AVNT rose by +11.22%, which changed the moving average for the period of 200-days by -0.59% in comparison to the 20-day moving average, which settled at $40.59. In addition, Avient Corp saw 3.87% 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 Rathbun Joel R., who sale 5,762 shares at the price of $51.45 back on Nov 07 ’24. After this action, Rathbun Joel R. now owns 0 shares of Avient Corp, valued at $296,432 using the latest closing price.
Rathbun Joel R., the Officer of Avient Corp, proposed sale 5,762 shares at $51.45 during a trade that took place back on Nov 07 ’24, which means that Rathbun Joel R. is holding shares at $296,441 based on the most recent closing price.
Stock Fundamentals for AVNT
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.32 for the gross margin
The net margin for Avient Corp stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 6.42, with 2.52 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 0.14. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 2.68.
Currently, EBITDA for the company is 391.4 million with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 6.91for 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 1.63.
Conclusion
In conclusion, Avient Corp (AVNT) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
