Avnet Inc. (NASDAQ: AVT) is -2.30% lower on its value in year-to-date trading and has touched a low of $39.64 and a high of $51.65 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 AVT stock was last observed hovering at around $48.47 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $49.24, the stock is 2.26% and 4.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing 1.59% at the moment leaves the stock 3.52% off its SMA200. AVT registered 20.01% gain for a year compared to 6-month gain of 5.92%.
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The stock witnessed a 1.63% loss in the last 1 month and extending the period to 3 months gives it a 2.46%, and is 5.69% up 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 2.36% over the week and 1.94% over the month.
Avnet Inc. (AVT) has around 15800 employees, a market worth around $4.45B and $25.61B in sales. Current P/E ratio is 6.81 and Fwd P/E is 8.29. Profit margin for the company is 2.62%. Distance from 52-week low is 24.22% and -4.67% from its 52-week high. The company has generated returns on investments over the last 12 months (8.42%).
The EPS is expected to shrink by -34.97% this year
The shares outstanding are 91.50M, and float is at 89.64M with Short Float at 3.52%.
Avnet Inc. (AVT) Insider Activity
The most recent transaction is an insider sale by Obregon-Jimenez Rebeca, the company’s SVP. SEC filings show that Obregon-Jimenez Rebeca sold 2,210 shares of the company’s common stock on Feb 22 ’24 at a price of $46.04 per share for a total of $0.1 million. Following the sale, the insider now owns 14281.0 shares.
Avnet Inc. disclosed in a document filed with the SEC on Nov 24 ’23 that LAWRENCE JAMES A (Director) sold a total of 8,190 shares of the company’s common stock. The trade occurred on Nov 24 ’23 and was made at $47.30 per share for $0.39 million. Following the transaction, the insider now directly holds 0.0 shares of the AVT stock.
Still, SEC filings show that on Nov 21 ’23, LAWRENCE JAMES A (Director) disposed off 6,910 shares at an average price of $47.68 for $0.33 million. The insider now directly holds 8,190 shares of Avnet Inc. (AVT).
