Witnessing the stock’s movement on the chart, on May 19, 2021, Avid Technology Inc. (NASDAQ: AVID) set off with pace as it heaved 8.46% to $29.11. During the day, the stock rose to $29.14 and sunk to $25.50 before settling in for the price of $26.84 at the close. Taking a more long-term approach, AVID posted a 52-week range of $5.37-$30.29.
The Communication Services Sector giants’ yearly sales growth during the last 5-year period was -6.50%. Meanwhile, its Annual Earning per share during the time was 32.00%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 41.00%. This publicly-traded company’s shares outstanding now amounts to $44.56 million, simultaneously with a float of $41.27 million. The organization now has a market capitalization sitting at $1.25 billion. At the time of writing, stock’s 50-day Moving Average stood at $22.46, while the 200-day Moving Average is $15.21.
While finding the extent of efficiency of the company that is accounted for 1362 employees. It has generated 264,659 per worker during the last fiscal year. Meanwhile, its income per employee was 8,122. The stock had 3.79 Receivables turnover and 1.18 Total Asset turnover. For the Profitability, stocks gross margin was +60.98, operating margin was +10.27 and Pretax Margin of +3.45.
Avid Technology Inc. (AVID) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Electronic Gaming & Multimedia industry. Avid Technology Inc.’s current insider ownership accounts for 5.20%, in contrast to 89.30% institutional ownership. According to the most recent insider trade that took place on May 03, this organization’s Director sold 1,250 shares at the rate of 22.85, making the entire transaction reach 28,562 in total value, affecting insider ownership by 132,476. Preceding that transaction, on Apr 14, Company’s Director sold 2,500 for 23.31, making the whole transaction’s value amount to 58,270. This particular insider is now the holder of 133,726 in total.
Avid Technology Inc. (AVID) Earnings and Revenue Records
As on 3/30/2021, Multinational firm has announced its last quarter scores, in which it reported $0.28 earnings per share (EPS) for the period topping the consensus outlook (set at $0.21) by $0.07. This company achieved a net margin of +3.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.
Avid Technology Inc.’s EPS increase for this current 12-month fiscal period is 41.00% and is forecasted to reach 1.50 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 15.00% through the next 5 years, which can be compared against the 32.00% growth it accomplished over the previous five years trading on the market.
Avid Technology Inc. (NASDAQ: AVID) Trading Performance Indicators
Let’s observe the current performance indicators for Avid Technology Inc. (AVID). It’s Quick Ratio in the last reported quarter now stands at 0.80. The Stock has managed to achieve an average true range (ATR) of 1.86. Alongside those numbers, its PE Ratio stands at $62.07, and its Beta score is 1.37. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.40. Similarly, its price to free cash flow for trailing twelve months is now 24.06.
In the same vein, AVID’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.47, a figure that is expected to reach 0.23 in the next quarter, and analysts are predicting that it will be 1.50 at the market close of one year from today.
Technical Analysis of Avid Technology Inc. (AVID)
Going through the that latest performance of [Avid Technology Inc., AVID]. Its last 5-days volume of 0.59 million indicated improvement to the volume of 0.55 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 63.41% While, its Average True Range was 2.08.
Raw Stochastic average of Avid Technology Inc. (AVID) in the period of the previous 100 days is set at 92.97%, which indicates a major rise in contrast to 86.55% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 122.57% that was higher than 75.11% volatility it exhibited in the past 100-days period.