A new trading day began on Tuesday, with Avient Corp (NYSE: AVNT) stock price down -2.07% from the previous day of trading, before settling in for the closing price of $46.89. AVNT’s price has ranged from $35.50 to $54.68 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 1.97%. Meanwhile, its annual earnings per share averaged 12.52%. With a float of $89.54 million, this company’s outstanding shares have now reached $91.36 million.
The extent of productivity of a business whose workforce counts for 9300 workers is very important to gauge. In terms of profitability, gross margin is 31.86%, operating margin of 9.74%, and the pretax margin is 5.67%.
Avient Corp (AVNT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of Avient Corp is 2.00%, while institutional ownership is 97.32%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 12.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.34% during the next five years compared to -16.13% drop over the previous five years of trading.
Avient Corp (NYSE: AVNT) Trading Performance Indicators
Here are Avient Corp’s current performance indicators. According to the last quarter’s results, the 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 1.31. Likewise, its price to free cash flow for the trailing twelve months is 25.66.
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)
The latest stats from [Avient Corp, AVNT] show that its last 5-days average volume of 0.58 million was superior to 0.47 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 2.05%. Additionally, its Average True Range was 1.17.
During the past 100 days, Avient Corp’s (AVNT) raw stochastic average was set at 40.49%, which indicates a significant increase from 2.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.31% in the past 14 days, which was lower than the 31.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $49.67, while its 200-day Moving Average is $45.84. Now, the first resistance to watch is $46.74. This is followed by the second major resistance level at $47.55. The third major resistance level sits at $48.05. If the price goes on to break the first support level at $45.43, it is likely to go to the next support level at $44.93. Assuming the price breaks the second support level, the third support level stands at $44.12.
Avient Corp (NYSE: AVNT) Key Stats
With a market capitalization of 4.20 billion, the company has a total of 91,364K Shares Outstanding. Currently, annual sales are 3,143 M while annual income is 75,700 K. The company’s previous quarter sales were 815,200 K while its latest quarter income was 38,200 K.
