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Avanos Medical Inc. (AVNS) – The 32.56% Upside Potential Remains

Avanos Medical Inc. (NYSE: AVNS) is -24.14% lower on its value in year-to-date trading and has touched a low of $24.54 and a high of $38.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVNS stock was last observed hovering at around $26.70 in the last trading session, with the day’s loss setting it -0.4% off its average median price target of $39.00 for the next 12 months. It is also 38.84% off the consensus price target high of $43.00 offered by 5 analysts, but current levels are 6.07% higher than the price target low of $28.00 for the same period.

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Currently trading at $26.30, the stock is -0.66% and -3.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -1.50% at the moment leaves the stock -15.04% off its SMA200. AVNS registered -24.79% loss for a year compared to 6-month loss of -19.60%. The firm has a 50-day simple moving average (SMA 50) of $1.97 and a 200-day simple moving average (SMA200) of $21.26.

The stock witnessed a 2.65% gain in the last 1 month and extending the period to 3 months gives it a -17.27%, and is -3.94% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.35% over the week and 2.86% over the month.

Avanos Medical Inc. (AVNS) has around 4555 employees, a market worth around $1.25B and $761.30M in sales. Current P/E ratio is 71.47 and Fwd P/E is 13.34. Profit margin for the company is 2.40%. Distance from 52-week low is 7.17% and -32.25% from its 52-week high. The company has generated returns on investments over the last 12 months (0.60%).

Avanos Medical Inc. (AVNS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Avanos Medical Inc. (AVNS) is a “Hold”. 5 analysts offering their recommendations for the stock have an average rating of 3.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Avanos Medical Inc. is expected to release its quarterly report on 11/08/2022.The EPS is expected to grow by 109.80% this year.

Avanos Medical Inc. (AVNS) Top Institutional Holders

The shares outstanding are 47.40M, and float is at 46.61M with Short Float at 2.33%.

Avanos Medical Inc. (AVNS) Insider Activity

A total of 10 insider transactions have happened at Avanos Medical Inc. (AVNS) in the last six months, with sales accounting for 3 and purchases happening 7 times. The most recent transaction is an insider purchase by OLEARY PATRICK J ,the company’sDirector. SEC filings show that OLEARY PATRICK J bought 5,000 shares of the company’s common stock on Sep 15 at a price of $31.63 per share for a total of $0.16 million. Following the purchase, the insider now owns 33900.0 shares.

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