At the time of writing, Avnet Inc [AVT] stock is trading at $46.25, up 1.29%. 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 9.83% over the last week, with a monthly amount drifted -3.22%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Avnet Inc [NASDAQ: AVT] stock has seen the most recent analyst activity on January 30, 2025, when BofA Securities downgraded its rating to a Underperform. Previously, Wells Fargo downgraded its rating to Underweight on September 16, 2022, and dropped its price target to $35. On July 14, 2022, JP Morgan initiated with a Underweight rating and assigned a price target of $46 on the stock. BofA Securities reiterated its Neutral rating and decreased its price target to $43 on October 07, 2021. Loop Capital upgraded its rating to a Buy and raised its price target to $53 on April 30, 2021. Longbow upgraded its rating to Buy for this stock on September 03, 2020.
For the past year, the stock price of Avnet Inc fluctuated between $39.22 and $59.24. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Avnet Inc [NASDAQ: AVT] shares were valued at $46.25 at the most recent close of the market. An investor can expect a potential return of 16.76% based on the average AVT price forecast.
Analyzing the AVT fundamentals
According to Avnet Inc [NASDAQ:AVT], the company’s sales were 22.48B for trailing twelve months, which represents an -8.73% plunge. 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 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 45.56 points at the first support level, and at 44.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.78, and for the 2nd resistance point, it is at 47.31.
Ratios To Look Out For
It is important to note that Avnet Inc [NASDAQ:AVT] has a current ratio of 2.39. Also, the Quick Ratio is 1.15, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 0.82 and price to earnings (TTM) ratio is 13.11.
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.
