Avnet Inc. [AVT] stock prices are down -0.22% to $54.83 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AVT shares have gain 1.97% over the last week, with a monthly amount glided 9.44%, 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.
The stock price of Avnet Inc. [AVT] has been fluctuating between $42.42 and $55.00 over the past year. Currently, Wall Street analysts expect the stock to reach $44 within the next 12 months. Avnet Inc. [NASDAQ: AVT] shares were valued at $54.83 at the most recent close of the market. An investor can expect a potential drop of -19.75% based on the average AVT price forecast.
Analyzing the AVT fundamentals
The Avnet Inc. [NASDAQ:AVT] reported sales of 24.75B for trailing twelve months, representing a drop of -13.22%. 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 54.35 points at the first support level, and at 53.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.38, and for the 2nd resistance point, it is at 55.94.
Ratios To Look Out For
It’s worth pointing out that Avnet Inc. [NASDAQ:AVT]’s Current Ratio is 2.33. Also, the Quick Ratio is 1.05, while the Cash Ratio stands at 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 Bozotti Carlo, Director, that happened on May 22 ’24 when 9000.0 shares were sold. Chief Executive Officer, GALLAGHER PHILIP R completed a deal on May 10 ’24 to sell 19532.0 shares. Meanwhile, SVP Obregon-Jimenez Rebeca sold 2210.0 shares on Feb 22 ’24.
