Avnet Inc [AVT] stock prices are down -0.55% to $52.81 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVT shares have lost -2.56% over the last week, with a monthly amount drifted -0.11%, and not 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 $43.62 and $59.24 over the past year. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Avnet Inc [NASDAQ: AVT] shares were valued at $52.81 at the most recent close of the market. An investor can expect a potential return of 2.25% based on the average AVT price forecast.
Analyzing the AVT fundamentals
The Avnet Inc [NASDAQ:AVT] reported sales of 23.03B for trailing twelve months, representing a drop of -11.55%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.6.
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 51.86 points at the first support level, and at 50.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.10, and for the 2nd resistance point, it is at 55.39.
Ratios To Look Out For
It’s worth pointing out that Avnet Inc [NASDAQ:AVT]’s Current Ratio is 2.25. As well, the Quick Ratio is 1.07, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.20, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 13.81.
Transactions by insiders
Recent insider trading involved JAMES LAWRENCE, Director, that happened on Aug 29 ’24 when 3642.0 shares were purchased. Director, LAWRENCE JAMES A completed a deal on Aug 29 ’24 to sell 3642.0 shares. Meanwhile, Senior VP – Operations McMullen Elizabeth sold 1234.0 shares on Aug 15 ’24.
