Avantor Inc. (NYSE:AVTR) finished Thursday with a subtraction of -$0.24 to close at $20.55, a downside of -1.15 percent. An average of 4,596,640 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 7,110,815 shares traded, while the 50-day average volume stands at 6,409,236.
AVTR stock has decreased by -1.30% in the last month. The company shares reached their 1-month lowest point of $20.09 on 08/01/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $17.91 and a high of $29.13 in 52 weeks. It has reached a new high 13 times so far this year and lost -2.56% or -$0.54 in price. In spite of this, the price is down -29.45% from the 52-week high.
Insider Transactions
AVTR stock investors should be aware that Avantor Inc. (AVTR) stock had its last reported insider trading activity 122 days ago on Apr 11. In this transaction, the insider spent $31,728. EVP, Biopharma Production, Brophy Gerard, disposed of 3,914 shares at a price of $25.00 on Mar 03. The insider now owns more than $97,850 worth of shares. Prior to that, EVP, AMEA Couturier Christophe went on to Sale 2,324 shares at $24.32 each on Feb 28. An amount of $56,520 was transacted.
Valuation Metrics
Avantor Inc. (AVTR) has a trailing price-to-earnings (P/E) ratio of 32.93. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.93, the price-to-book (PB) ratio at 2.77, and the price-to-cash flow ratio at 19.17.
Financial Health
The quick ratio of Avantor Inc. for the three months ended June 29 was 1.00, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.11 and a total debt to equity ratio of 1.17 for the quarter ending June 29. Avantor Inc.’s EBITDA margin for the year ending June 29 is 20.74%, while its operating margin for the same period stands at 11.50%. Its gross profit as reported stood at $2.6 billion compared to revenue of $7.51 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, Avantor Inc.’s return on assets was 3.20%.
Earnings Surprise
For the three-month period that ended June 29, Avantor Inc. had $5.57 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$7.3 million in the quarter, while revenues of $121.5 million were grew 2556.16%. The analyst consensus anticipated Avantor Inc.’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.28, a -3.40% surprise. For the quarter, EBITDA amounted to $177.6 million. Shareholders own equity worth $675.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Avantor Inc. (AVTR) price momentum. RSI 9-day as of the close on 10 August was 40.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.29%.
As of today, AVTR’s price is $20.69 -0.24% or -$0.05 from its 5-day moving average. AVTR is currently trading -1.67% lower than its 20-day SMA and -0.96% lower than its 100-day SMA. However, the stock’s current price level is -0.15% below the SMA50 and +4.69% above the SMA200.
The stochastic %K and %D were 15.88% and 16.90%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 12.81% and the average true range at 0.74, the RSI (14) stands at 44.57%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.74.
Analyst Ratings
William Blair downgraded Avantor Inc. (NYSE: AVTR) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Avantor Inc. (AVTR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AVTR, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.
What is AVTR’s price target for the next 12 months?
Analysts predict a range of price targets between $19.00 and $30.00, with a median target of $24.00. Taking a look at these predictions, the average price target given by analysts for Avantor Inc. (AVTR) stock is $24.32.
