Avnet Inc (NASDAQ: AVT) is -1.74% lower on its value in year-to-date trading and has touched a low of $43.62 and a high of $59.24 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 $53.24 in the last trading session, with the day’s loss setting it -1.83%.
Currently trading at $51.41, the stock is -2.41% and -3.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing -3.44% at the moment leaves the stock -2.83% off its SMA200. AVT registered 8.00% gain for a year compared to 6-month loss of -3.29%. The firm has a 50-day simple moving average (SMA 50) of $53.4282 and a 200-day simple moving average (SMA200) of $52.8842.
The stock witnessed a -2.85% gain in the last 1 month and extending the period to 3 months gives it a -5.51%, and is -5.22% 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 3.00% over the week and 2.15% over the month.
Avnet Inc (AVT) has around 15462 employees, a market worth around $4.47B and $22.48B in sales. Current P/E ratio is 14.56 and Fwd P/E is 9.36. Profit margin for the company is 1.41%. Distance from 52-week low is 17.86% and -13.22% from its 52-week high. The company has generated returns on investments over the last 12 months (4.19%).
with sales reaching $5.26B over the same period.The EPS is expected to shrink by -35.94% this year, but quarterly earnings will post -7.38% year-over-year. Quarterly sales are estimated to shrink -6.92% in year-over-year returns.
512.0 institutions hold shares in Avnet Inc (AVT), with institutional investors hold 106.64% of the company’s shares. The shares outstanding are 86.94M, and float is at 86.17M with Short Float at 5.61%. Institutions hold 105.70% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.04 million shares valued at $568.21 million. The investor’s holdings represent 12.2033 of the AVT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.72 million shares valued at $552.16 million to account for 11.8585 of the shares outstanding. The other top investors are PZENA INVESTMENT MANAGEMENT LLC which holds 8.58 million shares representing 9.4845 and valued at over $441.62 million, while DIMENSIONAL FUND ADVISORS LP holds 7.0613 of the shares totaling 6.39 million with a market value of $328.79 million.
Avnet Inc (AVT) Insider Activity
Avnet Inc disclosed in a document filed with the SEC on Aug 29 ’24 that LAWRENCE JAMES A (Director) sold a total of 3,642 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $54.83 per share for $0.2 million. Following the transaction, the insider now directly holds 0.0 shares of the AVT stock.
Still, SEC filings show that on Aug 15 ’24, McMullen Elizabeth (Senior VP – Operations) disposed off 1,234 shares at an average price of $54.35 for $67068.0. The insider now directly holds 15,048 shares of Avnet Inc (AVT).
