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After finishing at $46.89 in the prior trading day, Avient Corp (NYSE: AVNT) closed at $45.92, down -2.07%. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 0.92 million shares were traded. AVNT stock price reached its highest trading level at $46.91 during the session, while it also had its lowest trading level at $45.75.
Ratios:
Our goal is to gain a better understanding of AVNT 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 8.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.87.
On August 07, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $49 to $52.
Deutsche Bank Downgraded its Buy to Hold on November 06, 2023, whereas the target price for the stock was revised from $46 to $37.
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 Nov 07 ’24 when Rathbun Joel R. sold 5,762 shares for $51.45 per share. The transaction valued at 296,432 led to the insider holds 0 shares of the business.
Rathbun Joel R. bought 5,762 shares of AVNT for $296,441 on Nov 07 ’24. On Aug 07 ’24, another insider, Rathbun Joel R., who serves as the SVP, Mergers & Acquisitions of the company, sold 11,698 shares for $43.36 each. As a result, the insider received 507,218 and left with 0 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, AVNT now has a Market Capitalization of 4195453184 and an Enterprise Value of 5774655488. As of this moment, Avient’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.23, and their Forward P/E ratio for the next fiscal year is 15.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 1.797 whereas that against EBITDA is 10.499.
Stock Price History:
Over the past 52 weeks, AVNT has reached a high of $54.68, while it has fallen to a 52-week low of $35.50. The 50-Day Moving Average of the stock is -7.55%, while the 200-Day Moving Average is calculated to be 0.18%.
Shares Statistics:
The stock has traded on average 490.67K shares per day over the past 3-months and 522380 shares per day over the last 10 days, according to various share statistics. A total of 91.36M shares are outstanding, with a floating share count of 89.54M. Insiders hold about 2.00% of the company’s shares, while institutions hold 97.32% stake in the company. Shares short for AVNT as of 1732838400 were 1649712 with a Short Ratio of 3.36, compared to 1730332800 on 1269190. Therefore, it implies a Short% of Shares Outstanding of 1649712 and a Short% of Float of 2.4300002000000003.
Dividends & Splits
In the trailing 12 months, AVNT’s forward annual dividend rate was 1.03, compared to 1.04 this year. Against a Trailing Annual Dividend Yield of 0.021966305The stock’s 5-year Average Dividend Yield is 2.36.
