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After finishing at $54.00 in the prior trading day, Avnet Inc (NASDAQ: AVT) closed at $53.04, down -1.78%. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 0.64 million shares were traded. AVT stock price reached its highest trading level at $54.575 during the session, while it also had its lowest trading level at $52.93.
Ratios:
Our goal is to gain a better understanding of AVT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.04. For the most recent quarter (mrq), Quick Ratio is recorded 1.07 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on September 16, 2022, Downgraded its rating to Underweight and sets its target price to $35 from $45 previously.
On July 14, 2022, JP Morgan started tracking the stock assigning a Underweight rating and target price of $46.
BofA Securities reiterated its Neutral rating for the stock on October 07, 2021, while the target price for the stock was revised from $49 to $43.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 29 ’24 when JAMES LAWRENCE bought 3,642 shares for $54.83 per share.
LAWRENCE JAMES A sold 3,642 shares of AVT for $199,691 on Aug 29 ’24. The Director now owns 0 shares after completing the transaction at $54.83 per share. On Aug 15 ’24, another insider, McMullen Elizabeth, who serves as the Senior VP – Operations of the company, sold 1,234 shares for $54.35 each. As a result, the insider received 67,068 and left with 15,048 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVT now has a Market Capitalization of 4611350528 and an Enterprise Value of 7529479680. As of this moment, Avnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.87, and their Forward P/E ratio for the next fiscal year is 9.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 0.327 whereas that against EBITDA is 8.288.
Stock Price History:
Over the past 52 weeks, AVT has reached a high of $59.24, while it has fallen to a 52-week low of $43.62. The 50-Day Moving Average of the stock is -1.16%, while the 200-Day Moving Average is calculated to be 3.50%.
Shares Statistics:
The stock has traded on average 589.78K shares per day over the past 3-months and 688070 shares per day over the last 10 days, according to various share statistics. A total of 89.05M shares are outstanding, with a floating share count of 86.15M. Insiders hold about 0.91% of the company’s shares, while institutions hold 102.52% stake in the company. Shares short for AVT as of 1730332800 were 4308609 with a Short Ratio of 7.31, compared to 1727654400 on 4192340. Therefore, it implies a Short% of Shares Outstanding of 4308609 and a Short% of Float of 6.43.
Dividends & Splits
In the trailing 12 months, AVT’s forward annual dividend rate was 1.26, compared to 1.26 this year. Against a Trailing Annual Dividend Yield of 0.023333333The stock’s 5-year Average Dividend Yield is 2.45.
