Avnet Inc. (NASDAQ: AVT) kicked off on January 24, 2023, at the price of $44.69, down -0.07% from the previous trading day. During the day, the shares moved up to $45.02 and dropped to $43.93 before settling in for the closing price of $44.68. Over the past 52 weeks, AVT has traded in a range of $35.45-$50.19.
A company in the Technology sector has jumped its sales by 6.90% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 259.80%. With a float of $90.90 million, this company’s outstanding shares have now reached $94.05 million.
In an organization with 15300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +12.20, operating margin of +3.99, and the pretax margin is +3.43.
Avnet Inc. (AVT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Electronics & Computer Distribution Industry. The most recent insider transaction that took place on Aug 18, was worth 1,090,623. In this transaction Chief Financial Officer of this company sold 24,221 shares at a rate of $45.03, taking the stock ownership to the 30,066 shares. Before that another transaction happened on Aug 17, when Company’s Chief Financial Officer sold 24,221 for $43.92, making the entire transaction worth $1,063,738. This insider now owns 54,287 shares in total.
Avnet Inc. (AVT) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/29/2022, the organization reported $2 earnings per share (EPS), higher than consensus estimate (set at $1.91) by $0.09. This company achieved a net margin of +2.85 while generating a return on equity of 16.73. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 259.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.40% during the next five years compared to 27.60% growth over the previous five years of trading.
Avnet Inc. (NASDAQ: AVT) Trading Performance Indicators
Take a look at Avnet Inc.’s (AVT) current performance indicators. Last quarter, stock had a quick ratio of 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.78, a number that is poised to hit 1.86 in the next quarter and is forecasted to reach 6.26 in one year’s time.
Technical Analysis of Avnet Inc. (AVT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.54 million. That was inferior than the volume of 0.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 65.03%. Additionally, its Average True Range was 1.01.
During the past 100 days, Avnet Inc.’s (AVT) raw stochastic average was set at 87.37%, which indicates a significant increase from 85.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.64% in the past 14 days, which was lower than the 29.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.42, while its 200-day Moving Average is $42.85. However, in the short run, Avnet Inc.’s stock first resistance to watch stands at $45.14. Second resistance stands at $45.62. The third major resistance level sits at $46.23. If the price goes on to break the first support level at $44.05, it is likely to go to the next support level at $43.44. The third support level lies at $42.96 if the price breaches the second support level.
Avnet Inc. (NASDAQ: AVT) Key Stats
The company with the Market Capitalisation of 4.03 billion has total of 91,517K Shares Outstanding. Its annual sales at the moment are 24,311 M in contrast with the sum of 692,380 K annual income. Company’s last quarter sales were recorded 6,750 M and last quarter income was 184,260 K.