As of Wednesday close, Avient Corporation’s (NYSE:AVNT) stock was up $0.6, moving up 1.80 percent to $33.90. The average number of shares traded per day over the past five days has been 520,040 shares. 4 times new highs have been achieved over the past 5 days, with a $1.01 gain in that time frame. In the last twenty days, the average volume was 806,285, while in the previous 50 days, it was 781,850.
Since last month, AVNT stock retreated -0.26%. Shares of the company fell to $27.65 on 11/03/22, the lowest level in the past month. A 52-week high of $60.43 was reached on 01/05/22 after having rallying from a 52-week low of $27.65. Since the beginning of this year, AVNT’s stock price has dropped by -39.41% or -$22.05, and marked a new high 3 times. However, the stock has declined by -43.90% since its 52-week high.
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Right now, Avient Corporation (AVNT) has a P/E ratio of about 23.99. The stock’s beta is 1.55. Besides these, the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 34.68 may also be considered.
The latest dividend of $0.2475 per share was paid out, which is 4.43% more than last year’s $0.2370. On Thursday October 13 2022, a $0.0105 dividend increase was announced.
In the three months ended June 29, Avient Corporation’s quick ratio stood at 1.00, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.45, and the total debt-to-equity ratio was 1.81. On the profitability front, the trailing twelve-month gross margin is 25.70% percent. In the year ended June 29, operating margins totaled 9.80%. Based on annual data, AVNT earned $1.1 billion in gross profit and brought in $4.82 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.50%. Return on equity (ROE) for the past 12 months was 13.60%.
In Avient Corporation’s quarter-end financial report for June 29, it reported total debt of $2.5 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AVNT’s revenue fell -48.16% to $1.3 billion during the quarter, while net income inched up to $823.3 million. While analysts expected Avient Corporation to report $0.92 quarterly earnings, the actual figure was $0.97 per share, beating the consensus estimate by 5.40%. During the quarter, the company generated $80.6 million in EBITDA. The liabilities of Avient Corporation were 4.57 billion at the end of its most recent quarter ended June 29, and its total debt was $1.92 billion. The value of shareholders’ equity is $90.94 million.
This quick technical analysis looks at Avient Corporation’s (AVNT) price momentum. With a historical volatility rate of 39.36%, the RSI 9-day stood at 60.70% on 23 November.
With respect to its five-day moving average, the current Avient Corporation price is up by +3.07% percent or $1.01. At present, AVNT shares trade -0.82% below its 20-day simple moving average and -11.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.67% below its SMA50 and -33.45% below its SMA200.
Stochastic coefficient K was 73.66% and Stochastic coefficient D was 65.98%, while ATR was 1.47. Given the Stochastic reading of 85.49% for the 14-day period, the RSI (14) reading has been calculated as 55.73%.