Avnet Inc. [AVT] stock is trading at $54.33, up 0.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The AVT shares have gain 5.23% over the last week, with a monthly amount glided 4.08%, 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.
Avnet Inc. [AVT] stock has fluctuated between $42.67 and $55.46 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 $54.33 at the most recent close of the market. An investor can expect a potential drop of -19.01% based on the average AVT price forecast.
Analyzing the AVT fundamentals
Avnet Inc. [NASDAQ:AVT] reported sales of 24.75B for the trailing twelve months, which represents 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 53.56 points at the first support level, and at 52.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.02, and for the 2nd resistance point, it is at 55.71.
Ratios To Look Out For
For context, Avnet Inc.’s Current Ratio is 2.33. On the other hand, the Quick Ratio is 1.05, and 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 0.98 and price to earnings (TTM) ratio is 8.79.
Transactions by insiders
Recent insider trading involved Arnold Ken E., SVP, Chief People Officer, that happened on Jun 12 ’24 when 8000.0 shares were sold. Chief Executive Officer, GALLAGHER PHILIP R completed a deal on May 29 ’24 to sell 30000.0 shares. Meanwhile, Director Bozotti Carlo sold 9000.0 shares on May 22 ’24.
