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After finishing at $53.24 in the prior trading day, Avnet Inc (NASDAQ: AVT) closed at $51.41, down -3.44%. In other words, the price has decreased by -$3.44 from its previous closing price. On the day, 1.48 million shares were traded. AVT stock price reached its highest trading level at $53.11 during the session, while it also had its lowest trading level at $50.67.
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 25.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.11. 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 4469636608 and an Enterprise Value of 7476445696. As of this moment, Avnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.56, and their Forward P/E ratio for the next fiscal year is 9.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.45. 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 0.89. Its current Enterprise Value per Revenue stands at 0.325 whereas that against EBITDA is 8.23.
Stock Price History:
The Beta on a monthly basis for AVT is 1.15, which has changed by 0.1665206 over the last 52 weeks, in comparison to a change of 0.21794415 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 $43.62. The 50-Day Moving Average of the stock is -3.72%, while the 200-Day Moving Average is calculated to be -2.83%.
Shares Statistics:
The stock has traded on average 768.21K shares per day over the past 3-months and 690480 shares per day over the last 10 days, according to various share statistics. A total of 86.94M shares are outstanding, with a floating share count of 86.17M. Insiders hold about 0.89% of the company’s shares, while institutions hold 102.37% stake in the company. Shares short for AVT as of 1736899200 were 4836636 with a Short Ratio of 6.30, compared to 1734048000 on 4236689. Therefore, it implies a Short% of Shares Outstanding of 4836636 and a Short% of Float of 7.22.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.46. The current Payout Ratio is 22.83% for AVT, which recently paid a dividend on 2024-12-04 with an ex-dividend date of 1733270400. Stock splits for the company last occurred on 2000-09-29 when the company split stock in a 2:1 ratio.