Currently, there are 79.18M common shares owned by the public and among those 78.39M shares have been available to trade.
The company’s stock has a 5-day price change of 5.71% and -3.43% over the past three months. AVA shares are trading 1.58% year to date (YTD), with the 12-month market performance up to 9.67% higher. It has a 12-month low price of $31.91 and touched a high of $39.99 over the same period. AVA has an average intraday trading volume of 506.52K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.67%, 0.22%, and 0.53% respectively.
Institutional ownership of Avista Corp (NYSE: AVA) shares accounts for 86.94% of the company’s 79.18M shares outstanding.
It has a market capitalization of $2.95B and a beta (3y monthly) value of 0.48. The stock’s trailing 12-month PE ratio is 14.78, while the earnings-per-share (ttm) stands at $2.52. The company has a PEG of 2.76 and a Quick Ratio of 0.48 with the debt-to-equity ratio at 1.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.88% over the week and 2.15% over the month.
Earnings per share for the fiscal year are expected to increase by 3.59%, and 7.13% over the next financial year. EPS should grow at an annualized rate of 5.36% over the next five years, compared to 1.58% over the past 5-year period.
Looking at the support for the AVA, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on December 09, 2024, with the firm’s price target at $40. BofA Securities coverage for the Avista Corp (AVA) stock in a research note released on September 12, 2024 offered a Underperform rating with a price target of $37. Mizuho was of a view on May 03, 2024 that the stock is Neutral, while Guggenheim gave the stock Neutral rating on January 22, 2024, issuing a price target of $34. KeyBanc Capital Markets on their part issued Sector Weight rating on August 25, 2023.
