Avista Corp. (AVA) stock hits $38.17: Is it a good time to buy or wait for a dip?

Avista Corp. [AVA] stock prices are up 1.09% to $38.17 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AVA shares have lost -3.44% over the last week, with a monthly amount glided 13.70%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Avista Corp. [NYSE: AVA] stock has seen the most recent analyst activity on May 03, 2024, when Mizuho upgraded its rating to a Neutral but kept the price target unchanged to $36 for it. Previously, Guggenheim upgraded its rating to Neutral on January 22, 2024, and kept the price target unchanged to $34. On August 25, 2023, upgrade upgraded it’s rating to Sector Weight. Mizuho downgraded its rating to a Underperform and decreased its price target to $38 on February 09, 2023. Mizuho downgraded its rating to a Neutral and reduced its price target to $40 on November 02, 2022. KeyBanc Capital Markets downgraded its rating to Underweight for this stock on November 01, 2022, but kept the price target unchanged to $33. In a note dated September 23, 2022, Mizuho upgraded an Buy rating on this stock but restated the target price of $44.

The stock price of Avista Corp. [AVA] has been fluctuating between $30.53 and $39.99 over the past year. Currently, Wall Street analysts expect the stock to reach $37.75 within the next 12 months. Avista Corp. [NYSE: AVA] shares were valued at $38.17 at the most recent close of the market. An investor can expect a potential drop of -1.1% based on the average AVA price forecast.

Analyzing the AVA fundamentals

The Avista Corp. [NYSE:AVA] reported sales of 1.89B for trailing twelve months, representing a surge of 28.40%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.

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 37.71 points at the first support level, and at 37.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.47, and for the 2nd resistance point, it is at 38.78.

Ratios To Look Out For

It’s worth pointing out that Avista Corp. [NYSE:AVA]’s Current Ratio is 0.97. Further, the Quick Ratio stands at 0.69, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 1.58, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 15.82.

Transactions by insiders

Recent insider trading involved Cox Bryan Alden, Senior Vice President, that happened on Jun 06 ’24 when 1716.0 shares were sold. Senior Vice President & CSCEO, Thackston Jason R completed a deal on May 31 ’24 to sell 2500.0 shares. Meanwhile, Vice President Hill Latisha Diane sold 1700.0 shares on May 30 ’24.

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