At the time of writing, Avnet Inc. [AVT] stock is trading at $54.79, up 1.20%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVT shares have gain 2.51% over the last week, with a monthly amount glided 13.04%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Avnet Inc. [NASDAQ: AVT] stock has seen the most recent analyst activity on September 16, 2022, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $35 from $45. Previously, JP Morgan started tracking the stock with Underweight rating on July 14, 2022, and set its price target to $46. On October 07, 2021, BofA Securities reiterated its Neutral rating and revised its price target to $43 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $53 on April 30, 2021. Longbow upgraded its rating to a Buy. In a note dated April 24, 2020, Loop Capital initiated an Hold rating and provided a target price of $30 on this stock.
For the past year, the stock price of Avnet Inc. fluctuated between $41.92 and $54.52. Currently, Wall Street analysts expect the stock to reach $44 within the next 12 months. Avnet Inc. [NASDAQ: AVT] shares were valued at $54.79 at the most recent close of the market. An investor can expect a potential drop of -19.69% based on the average AVT price forecast.
Analyzing the AVT fundamentals
According to Avnet Inc. [NASDAQ:AVT], the company’s sales were 24.75B for trailing twelve months, which represents an -13.22% plunge. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.12 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 54.17 points at the first support level, and at 53.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.18, and for the 2nd resistance point, it is at 55.58.
Ratios To Look Out For
It is important to note that Avnet Inc. [NASDAQ:AVT] has a current ratio of 2.33. As well, the Quick Ratio is 1.05, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 8.87.
Transactions by insiders
Recent insider trading involved GALLAGHER PHILIP R, Chief Executive Officer, that happened on May 10 ’24 when 19532.0 shares were sold. SVP, Obregon-Jimenez Rebeca completed a deal on Feb 22 ’24 to sell 2210.0 shares. Meanwhile, Director LAWRENCE JAMES A sold 8190.0 shares on Nov 24 ’23.
