Avnet Inc (NASDAQ: AVT) kicked off on Friday, up 0.30% from the previous trading day, before settling in for the closing price of $52.91. Over the past 52 weeks, AVT has traded in a range of $43.62-$59.24.
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A company in the Technology sector has jumped its sales by 4.85% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -25.13%. With a float of $86.14 million, this company’s outstanding shares have now reached $87.25 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
Our next focus will be how large-scale investors are participating in this stock of the Electronics & Computer Distribution Industry. The insider ownership of Avnet Inc is 0.92%, while institutional ownership is 100.37%. 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
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 -25.13% 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
Take a look at Avnet Inc’s (AVT) current performance indicators. Last quarter, stock had 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 7.06.
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 5.83 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 2.25 million. That was better than the volume of 0.64 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 23.80%. Additionally, its Average True Range was 1.31.
During the past 100 days, Avnet Inc’s (AVT) raw stochastic average was set at 44.61%, which indicates a significant increase from 22.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.70% in the past 14 days, which was lower than the 27.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $54.45, while its 200-day Moving Average is $52.31. However, in the short run, Avnet Inc’s stock first resistance to watch stands at $54.09. Second resistance stands at $55.11. The third major resistance level sits at $56.02. If the price goes on to break the first support level at $52.16, it is likely to go to the next support level at $51.25. The third support level lies at $50.23 if the price breaches the second support level.
Avnet Inc (NASDAQ: AVT) Key Stats
The company with the Market Capitalisation of 4.63 billion has total of 86,941K Shares Outstanding. Its annual sales at the moment are 23,757 M in contrast with the sum of 498,700 K annual income. Company’s last quarter sales were recorded 5,604 M and last quarter income was 58,960 K.
