Currently, there are 90.90M common shares owned by the public and among those 89.39M shares have been available to trade.
Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 148,870 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 25,693 shares.
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However, the script later moved the day high at 39.60, down -1.49%. The company’s stock has a 5-day price change of 5.36% and 13.08% over the past three months. AVNT shares are trading -6.42% year to date (YTD), with the 12-month market performance down to -8.30% lower. It has a 12-month low price of $27.73 and touched a high of $44.74 over the same period. AVNT has an average intraday trading volume of 505.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.26%, 2.42%, and 4.10% respectively.
Institutional ownership of Avient Corp (NYSE: AVNT) shares accounts for 96.32% of the company’s 90.90M shares outstanding.
It has a market capitalization of $3.55B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 47.28, while the earnings-per-share (ttm) stands at $0.82. The company has a PEG of 20.65 and a Quick Ratio of 1.37 with the debt-to-equity ratio at 0.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 2.52% over the month.
Analysts forecast that Avient Corp (AVNT) will achieve an EPS of $Vontier Corporation for the current quarter, $41.10 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Aviat Networks, Inc. while analysts give the company a high EPS estimate of $Adient plc. Comparatively, EPS for the current quarter was $Avnet, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 6.04%, and 17.78% over the next financial year. EPS should grow at an annualized rate of 2.29% over the next five years, compared to -16.03% over the past 5-year period.
Looking at the support for the AVNT, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on November 06, 2023, with the firm’s price target at $46-$37.
