On Tuesday, Avnet Inc. (NASDAQ: AVT) opened higher 2.30% from the last session, before settling in for the closing price of $47.38. Price fluctuations for AVT have ranged from $39.64 to $51.65 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 7.45% over the last five years. Company’s average yearly earnings per share was noted -34.97% at the time writing. With a float of $89.64 million, this company’s outstanding shares have now reached $91.50 million.
The firm has a total of 15800 workers. Let’s measure their productivity.
Avnet Inc. (AVT) Insider Activity
A key investor’s attitude towards the stock of the Electronics & Computer Distribution industry is another important factor to consider. The insider ownership of Avnet Inc. is 0.80%, while institutional ownership is 99.37%. The most recent insider transaction that took place on Feb 22 ’24, was worth 101,748. In this transaction SVP of this company sold 2,210 shares at a rate of $46.04, taking the stock ownership to the 14,281 shares. Before that another transaction happened on Nov 24 ’23, when Company’s Director sold 8,190 for $47.30, making the entire transaction worth $387,387. This insider now owns 0 shares in total.
Avnet Inc. (AVT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -34.97% per share during the next fiscal year.
Avnet Inc. (NASDAQ: AVT) Trading Performance Indicators
Check out the current performance indicators for Avnet Inc. (AVT). In the past quarter, the stock posted a quick ratio of 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.23, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 5.94 in one year’s time.
Technical Analysis of Avnet Inc. (AVT)
Analysing the last 5-days average volume posted by the [Avnet Inc., AVT], we can find that recorded value of 0.47 million was lower than the volume posted last year of 0.57 million. As of the previous 9 days, the stock’s Stochastic %D was 48.27%. Additionally, its Average True Range was 1.05.
During the past 100 days, Avnet Inc.’s (AVT) raw stochastic average was set at 65.19%, which indicates a significant increase from 63.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.81% in the past 14 days, which was higher than the 21.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.22, while its 200-day Moving Average is $47.57. Now, the first resistance to watch is $49.28. This is followed by the second major resistance level at $50.10. The third major resistance level sits at $51.36. If the price goes on to break the first support level at $47.20, it is likely to go to the next support level at $45.94. Should the price break the second support level, the third support level stands at $45.12.
Avnet Inc. (NASDAQ: AVT) Key Stats
There are currently 90,364K shares outstanding in the company with a market cap of 4.38 billion. Presently, the company’s annual sales total 26,537 M according to its annual income of 770,830 K. Last quarter, the company’s sales amounted to 6,205 M and its income totaled 117,930 K.
