Avient Corp (NYSE: AVNT) is -18.37% lower on its value in year-to-date trading and has touched a low of $27.86 and a high of $54.68 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 AVNT stock was last observed hovering at around $34.42 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $34.43, the stock is -0.51% and -2.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.32 million and changing 0.03% at the moment leaves the stock -17.71% off its SMA200. AVNT registered -15.74% loss for a year compared to 6-month loss of -14.18%. The firm has a 50-day simple moving average (SMA 50) of $35.376 and a 200-day simple moving average (SMA200) of $41.8387.
The stock witnessed a -5.88% gain in the last 1 month and extending the period to 3 months gives it a -9.08%, and is 4.18% 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 3.02% over the week and 2.72% over the month.
Avient Corp (AVNT) has around 9200 employees, a market worth around $3.15B and $3.24B in sales. Current P/E ratio is 31.84 and Fwd P/E is 10.98. Profit margin for the company is 3.09%. Distance from 52-week low is 23.58% and -37.03% from its 52-week high. The company has generated returns on investments over the last 12 months (2.29%).
with sales reaching $852.98M over the same period.The EPS is expected to grow by 4.39% this year, but quarterly earnings will post 0.65% year-over-year. Quarterly sales are estimated to grow 0.39% in year-over-year returns.
435.0 institutions hold shares in Avient Corp (AVNT), with institutional investors hold 103.29% of the company’s shares. The shares outstanding are 91.53M, and float is at 89.64M with Short Float at 2.09%. Institutions hold 102.51% of the Float.
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 12.1751 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 11.1235 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
Still, SEC filings show that on Nov 07 ’24, Rathbun Joel R. (SVP, Mergers & Acquisitions) disposed off 5,762 shares at an average price of $51.45 for $0.3 million. The insider now directly holds 0 shares of Avient Corp (AVNT).
