Investors finally get a glimpse of Avnet Inc (AVT) volume hitting the figure of 0.56 million.

On Tuesday, Avnet Inc (NASDAQ: AVT) was -1.15% drop from the session before settling in for the closing price of $52.87. A 52-week range for AVT has been $43.62 – $59.24.

A company in the Technology sector has jumped its sales by 4.85% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -25.07%. With a float of $86.13 million, this company’s outstanding shares have now reached $89.05 million.

In an organization with 15462 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 11.4%, operating margin of 3.36%, and the pretax margin is 1.87%.

Avnet Inc (AVT) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Avnet Inc stocks. The insider ownership of Avnet Inc is 0.93%, while institutional ownership is 100.36%. 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) Latest Financial update

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 1.4 earnings per share (EPS) during the time that was better than consensus figure (set at 1.4) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.02 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -25.07% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.06% during the next five years compared to 27.82% growth over the previous five years of trading.

Avnet Inc (NASDAQ: AVT) Trading Performance Indicators

You can see what Avnet Inc (AVT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.07. 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 6.93.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.82, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach 5.82 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 0.69 million. That was better than the volume of 0.6 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 10.71%. Additionally, its Average True Range was 1.30.

During the past 100 days, Avnet Inc’s (AVT) raw stochastic average was set at 37.34%, which indicates a significant increase from 2.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.95% in the past 14 days, which was higher than the 28.70% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $53.85, while its 200-day Moving Average is $51.39. However, in the short run, Avnet Inc’s stock first resistance to watch stands at $52.56. Second resistance stands at $52.85. The third major resistance level sits at $53.06. If the price goes on to break the first support level at $52.05, it is likely to go to the next support level at $51.84. The third support level lies at $51.55 if the price breaches the second support level.

Avnet Inc (NASDAQ: AVT) Key Stats

There are 86,941K outstanding shares of the company, which has a market capitalization of 4.54 billion. As of now, sales total 23,757 M while income totals 498,700 K. Its latest quarter income was 5,604 M while its last quarter net income were 58,960 K.