Avient Corp (NYSE: AVNT) kicked off on Tuesday, down -1.66% from the previous trading day, before settling in for the closing price of $50.73. Over the past 52 weeks, AVNT has traded in a range of $33.84-$54.68.
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A company in the Basic Materials sector has jumped its sales by 1.97% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 12.54%. With a float of $89.52 million, this company’s outstanding shares have now reached $91.20 million.
In an organization with 9300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 27.18%, operating margin of 8.31%, and the pretax margin is 4.83%.
Avient Corp (AVNT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Avient Corp is 2.01%, while institutional ownership is 97.41%. The most recent insider transaction that took place on Nov 07 ’24, was worth 296,432. In this transaction SVP, Mergers & Acquisitions of this company sold 5,762 shares at a rate of $51.45, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 07 ’24, when Company’s Officer proposed sale 5,762 for $51.45, making the entire transaction worth $296,441.
Avient Corp (AVNT) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.52 earnings per share (EPS), higher than consensus estimate (set at 0.47) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -16.13% drop over the previous five years of trading.
Avient Corp (NYSE: AVNT) Trading Performance Indicators
Take a look at Avient Corp’s (AVNT) current performance indicators. Last quarter, stock had a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.42. Likewise, its price to free cash flow for the trailing twelve months is 27.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.63, a number that is poised to hit 0.49 in the next quarter and is forecasted to reach 2.95 in one year’s time.
Technical Analysis of Avient Corp (AVNT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.47 million. That was better than the volume of 0.46 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 27.72%. Additionally, its Average True Range was 1.47.
During the past 100 days, Avient Corp’s (AVNT) raw stochastic average was set at 67.46%, which indicates a significant increase from 48.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.54% in the past 14 days, which was higher than the 33.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.09, while its 200-day Moving Average is $44.75. However, in the short run, Avient Corp’s stock first resistance to watch stands at $50.34. Second resistance stands at $50.78. The third major resistance level sits at $51.31. If the price goes on to break the first support level at $49.37, it is likely to go to the next support level at $48.84. The third support level lies at $48.40 if the price breaches the second support level.
Avient Corp (NYSE: AVNT) Key Stats
The company with the Market Capitalisation of 4.56 billion has total of 91,364K Shares Outstanding. Its annual sales at the moment are 3,143 M in contrast with the sum of 75,700 K annual income. Company’s last quarter sales were recorded 815,200 K and last quarter income was 38,200 K.
