Is It Worthwhile For Investors To Follow These Insider Trades On Avaya Holdings Corp. (AVYA)?

BEPC Stock
BEPC Stock

Avaya Holdings Corp. (NYSE:AVYA) finished Thursday with a subtraction of -$0.06 to close at $1.63, a downside of -3.55 percent. An average of 14,990,340 shares of common stock have been traded in the last five days. There was a fall of -$0.0700 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 21,484,580 shares traded, while the 50-day average volume stands at 20,805,775.

AVYA stock has increased by 46.85% in the last month. The company shares reached their 1-month lowest point of $0.9001 on 08/23/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $0.60 and a high of $22.47 in 52 weeks. It has reached a new high 2 times so far this year and lost -91.77% or -$18.1700 in price. In spite of this, the price is down -92.75% from the 52-week high.

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Insider Transactions

288 days have passed since Avaya Holdings Corp. (AVYA) last reported insider trading activity. Spears Stephen, who is EVP and Chief Revenue Officer, most recently acquired $23,748 shares at $20.58 per share on Dec 09. In this transaction, the insider spent $488,734. President & CEO, CHIRICO JAMES M, disposed of 30,000 shares at a price of $21.09 on Dec 08. The insider now owns more than $632,700 worth of shares. Prior to that, GVP, Controller & CAO Speed Kevin went on to Sale 10,000 shares at $20.03 each on Nov 30. An amount of $200,300 was transacted.

Valuation Metrics

Avaya Holdings Corp. (AVYA) stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.05, the price-to-book (PB) ratio at 0.32.

Financial Health

The quick ratio of Avaya Holdings Corp. for the three months ended June 29 was 1.60, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.54 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $1.65 billion compared to revenue of $2.97 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Avaya Holdings Corp.’s return on assets was -1.30%.

Earnings Surprise

For the three-month period that ended June 29, Avaya Holdings Corp. had $2.83 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.0 million in the quarter, while revenues were shrunk -5700.0%. The analyst consensus anticipated Avaya Holdings Corp.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be -$0.24, a -580.00% surprise. For the quarter, EBITDA amounted to $129.0 million. Shareholders own equity worth $85.84 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Avaya Holdings Corp. (AVYA) price momentum. RSI 9-day as of the close on 22 September was 47.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 123.52%.

As of today, AVYA’s price is $1.8040 -4.12% or -$0.0700 from its 5-day moving average. AVYA is currently trading +28.35% higher than its 20-day SMA and -82.38% lower than its 100-day SMA. However, the stock’s current price level is -22.01% below the SMA50 and -91.59% below the SMA200.

The stochastic %K and %D were 35.96% and 50.00%, respectively, and the average true range (ATR) was 0.2716. With the 14-day stochastic at 23.86% and the average true range at 0.2772, the RSI (14) stands at 49.59%. The stock has reached -0.0767 on the 9-day MACD Oscillator while the 14-day reading was at -0.1007.

Analyst Ratings

Craig Hallum downgraded Avaya Holdings Corp. (NYSE: AVYA) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Avaya Holdings Corp. (AVYA) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell AVYA, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is AVYA’s price target for the next 12 months?

Analysts predict a range of price targets between $0.40 and $2.00, with a median target of $0.75. Taking a look at these predictions, the average price target given by analysts for Avaya Holdings Corp. (AVYA) stock is $0.98.


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