Avista Corp (NYSE: AVA) is -0.25% lower on its value in year-to-date trading and has touched a low of $31.91 and a high of $39.99 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 AVA stock was last observed hovering at around $36.04 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $36.54, the stock is 0.33% and -1.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.46 million and changing 1.39% at the moment leaves the stock -1.15% off its SMA200. AVA registered 0.03% gain for a year compared to 6-month gain of 6.50%. The firm has a 50-day simple moving average (SMA 50) of $37.2756 and a 200-day simple moving average (SMA200) of $36.9639.
The stock witnessed a -1.91% loss in the last 1 month and extending the period to 3 months gives it a -1.91%, and is -0.25% 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 1.97% over the month.
Avista Corp (AVA) has around 1858 employees, a market worth around $2.89B and $1.92B in sales. Current P/E ratio is 14.52 and Fwd P/E is 14.70. Profit margin for the company is 10.25%. Distance from 52-week low is 14.51% and -8.62% from its 52-week high. The company has generated returns on investments over the last 12 months (3.73%).
The EPS is expected to grow by 3.59% this year
444.0 institutions hold shares in Avista Corp (AVA), with institutional investors hold 89.84% of the company’s shares. The shares outstanding are 79.18M, and float is at 78.40M with Short Float at 3.48%. Institutions hold 89.06% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.75 million shares valued at $510.66 million. The investor’s holdings represent 18.8772 of the AVA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.71 million shares valued at $336.1 million to account for 12.4246 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.77 million shares representing 6.0964 and valued at over $164.92 million, while PUBLIC SECTOR PENSION INVESTMENT BOARD holds 4.5438 of the shares totaling 3.55 million with a market value of $122.92 million.
Avista Corp (AVA) Insider Activity
Avista Corp disclosed in a document filed with the SEC on Aug 27 ’24 that MEYER DAVID J (Vice President) sold a total of 2,400 shares of the company’s common stock. The trade occurred on Aug 27 ’24 and was made at $38.32 per share for $91968.0. Following the transaction, the insider now directly holds 5436.0 shares of the AVA stock.
Still, SEC filings show that on Jun 06 ’24, Cox Bryan Alden (Senior Vice President) disposed off 1,716 shares at an average price of $35.70 for $61257.0. The insider now directly holds 7,196 shares of Avista Corp (AVA).
