Avient Corp (NYSE: AVNT) is 2.30% higher on its value in year-to-date trading and has touched a low of $37.63 and a high of $54.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AVNT stock was last observed hovering at around $42.60 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $41.80, the stock is -1.86% and -0.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -1.88% at the moment leaves the stock -8.34% off its SMA200. AVNT registered 4.37% gain for a year compared to 6-month loss of -10.82%.
The stock witnessed a -2.11% gain in the last 1 month and extending the period to 3 months gives it a -18.58%, and is -2.27% 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 4.21% over the week and 2.94% over the month.
Avient Corp (AVNT) has around 9200 employees, a market worth around $3.82B and $3.24B in sales. Current P/E ratio is 22.73 and Fwd P/E is 12.81. Profit margin for the company is 5.23%. Distance from 52-week low is 11.08% and -23.56% from its 52-week high. The company has generated returns on investments over the last 12 months (3.82%).
with sales reaching $833.6M over the same period.The EPS is expected to grow by 6.66% this year, but quarterly earnings will post 1.47% year-over-year. Quarterly sales are estimated to grow 0.55% in year-over-year returns.
Avient Corp (AVNT) Top Institutional Holders
The shares outstanding are 91.40M, and float is at 89.58M with Short Float at 1.56%.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.12 million shares valued at $485.21 million. The investor’s holdings represent 12.1885% of the AVNT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.16 million shares valued at $443.3 million to account for 11.1357 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.11 million shares representing 4.502% and valued at over $180.41 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 4.3723 of the shares totaling 3.99 million with a market value of $174.25 million.
Avient Corp (AVNT) Insider Activity
The most recent transaction is an insider sale by Rathbun Joel R., the company’s SVP, Mergers & Acquisitions. SEC filings show that Rathbun Joel R. sold 5,762 shares of the company’s common stock on Nov 07 ’24 at a price of $51.45 per share for a total of $0.3 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Aug 07 ’24, Rathbun Joel R. (SVP, Mergers & Acquisitions) disposed off 11,698 shares at an average price of $43.36 for $0.51 million. The insider now directly holds 0 shares of Avient Corp (AVNT).
