In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $51.24 in the prior trading day, Avnet Inc (NASDAQ: AVT) closed at $46.99, down -8.29%. In other words, the price has decreased by -$8.29 from its previous closing price. On the day, 2.35 million shares were traded. AVT stock price reached its highest trading level at $49.88 during the session, while it also had its lowest trading level at $45.825.
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 23.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.74. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.56.
On September 16, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $45 to $35.
On July 14, 2022, JP Morgan started tracking the stock assigning a Underweight rating and target price of $46.JP Morgan initiated its Underweight rating on July 14, 2022, with a $46 target price.
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 4064851200 and an Enterprise Value of 7049648640. As of this moment, Avnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.32, and their Forward P/E ratio for the next fiscal year is 8.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 0.314 whereas that against EBITDA is 8.632.
Stock Price History:
The Beta on a monthly basis for AVT is 0.99, which has changed by -0.033922672 over the last 52 weeks, in comparison to a change of 0.09969199 over the same period for the S&P500. Over the past 52 weeks, AVT has reached a high of $59.24, while it has fallen to a 52-week low of $39.22. The 50-Day Moving Average of the stock is -2.80%, while the 200-Day Moving Average is calculated to be -9.64%.
Shares Statistics:
The stock has traded on average 1.00M shares per day over the past 3-months and 1108670 shares per day over the last 10 days, according to various share statistics. A total of 86.33M shares are outstanding, with a floating share count of 85.73M. Insiders hold about 0.90% of the company’s shares, while institutions hold 104.88% stake in the company. Shares short for AVT as of 1744675200 were 6214045 with a Short Ratio of 6.20, compared to 1741910400 on 6253610. Therefore, it implies a Short% of Shares Outstanding of 6214045 and a Short% of Float of 9.34.
Dividends & Splits
In the trailing 12 months, AVT’s forward annual dividend rate was 0.0, compared to 1.30 this year. Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 2.45. The current Payout Ratio is 22.83% for AVT, which recently paid a dividend on 2025-03-05 with an ex-dividend date of 1741132800. Stock splits for the company last occurred on 2000-09-29 when the company split stock in a 2:1 ratio.
