A new trading day began on Tuesday, with Avnet Inc. (NASDAQ: AVT) stock price up 0.09% from the previous day of trading, before settling in for the closing price of $54.41. AVT’s price has ranged from $42.67 to $55.84 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 4.85% over the last five years. Meanwhile, its annual earnings per share averaged -16.98%. With a float of $86.58 million, this company’s outstanding shares have now reached $89.05 million.
The firm has a total of 15462 workers. Let’s measure their productivity. In terms of profitability, gross margin is 11.64%, operating margin of 3.72%, and the pretax margin is 2.66%.
Avnet Inc. (AVT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electronics & Computer Distribution Industry. The insider ownership of Avnet Inc. is 0.91%, while institutional ownership is 101.93%. The most recent insider transaction that took place on Aug 29 ’24, was worth 199,707. Before that another transaction happened on Aug 29 ’24, when Company’s Director sold 3,642 for $54.83, making the entire transaction worth $199,691. 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 -16.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.11% during the next five years compared to 27.82% growth over the previous five years of trading.
Avnet Inc. (NASDAQ: AVT) Trading Performance Indicators
Here are Avnet Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.20. Likewise, its price to free cash flow for the trailing twelve months is 10.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.41, a number that is poised to hit 0.86 in the next quarter and is forecasted to reach 6.31 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 0.62 million was better than the volume posted last year of 0.59 million. As of the previous 9 days, the stock’s Stochastic %D was 36.93%. Additionally, its Average True Range was 0.96.
During the past 100 days, Avnet Inc.’s (AVT) raw stochastic average was set at 82.17%, which indicates a significant increase from 44.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.96% in the past 14 days, which was lower than the 24.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $53.45, while its 200-day Moving Average is $50.81. Now, the first resistance to watch is $54.77. This is followed by the second major resistance level at $55.08. The third major resistance level sits at $55.55. If the price goes on to break the first support level at $54.00, it is likely to go to the next support level at $53.53. Should the price break the second support level, the third support level stands at $53.22.
Avnet Inc. (NASDAQ: AVT) Key Stats
With a market capitalization of 4.76 billion, the company has a total of 87,379K Shares Outstanding. Currently, annual sales are 23,757 M while annual income is 498,700 K. The company’s previous quarter sales were 5,563 M while its latest quarter income was 82,670 K.
