The stock of Avista Corporation (NYSE:AVA) decreased by -$0.01 on Friday to finish at $36.33, down -0.03 percent. The last five days have seen an average of 535,140 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$8.01. The average number of shares traded over the last 20 days was 1,182,670, while the average volume over the last 50 days totaled 901,158.
AVA stock dropped -6.75% since last month. On 08/11/23, the company’s shares reached a one-month low of $36.20. The stock touched a high of $45.28 on 01/04/23, after rallying from a low of $35.72 in 52 weeks. The price of AVA stock has declined by -18.06% or -$8.01 this year, reaching a new high 2 times. Still, the stock price is down -19.77% from the 52-week high.
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Insider Transactions
AVA stock investors should be aware that Avista Corporation (AVA) stock had its last reported insider trading activity 5 days ago on Aug 09. On Aug 09, Vice President MEYER DAVID J sold 1,050 shares at $36.61 each. This transaction resulted in the insider making $38,440. On Aug 08, MEYER DAVID J sold 1,050 shares at a price of US$36.90. After the transaction, the insider now owns 5,727 shares. Vice President Kinney Scott J had earlier sold 1,229 shares on Jun 16 for $40.33 a share. The transaction was completed for $49,566.
Valuation Metrics
Avista Corporation (AVA) has a trailing price-to-earnings (P/E) ratio of 18.86. Beta for the stock is 0.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 1.15.
Company paid $0.46 per share in dividends, remained unchanged from $0.46 last year.
Financial Health
For the recent quarter, Avista Corporation’s quick ratio was 0.80, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 1.09, and the total debt to equity ratio is 1.18. Avista Corporation’s EBITDA margin for the recent year was 25.93%, whereas its operating margin stood at 11.80% for the same period. Based on annual data, it had gross profit of $190.24 million and revenue of $1.71 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AVA’s return on assets (ROA) during the last 12 months has been 2.00%. There was a 4.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.20%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $379.94 million, while revenues rose by 0.36% to $474.63 million. EBITDA was $110.81 million for the quarter. At the end of Avista Corporation’s most recent quarter, its liabilities totaled 4.97 billion, while its total debt was $2.92 billion. Equity owned by shareholders amounts to $76.53 million.
Technical Picture
Here’s a quick look at Avista Corporation’s (AVA) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 27.01%, suggesting the stock is oversold, with a 26.00% historical volatility rate.
The stochastic %K and %D were 3.88% and 5.20% respectively, while the average true range (ATR) was 0.81. Based on the 14-day stochastic reading of 3.52%, the RSI (14) reading is 31.54%. On the 9-day MACD Oscillator, the stock is at -0.67, and the 14-day reading is at -1.36.
Analyst Ratings
Avista Corporation (NYSE: AVA) was downgraded by Mizuho to a an Underperform rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Avista Corporation (AVA) an Underweight rating. AVA is a stock that is recommended for selling by 2 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is AVA’s price target for the next 12 months?
The current consensus forecast for the stock is between $32.00 and $50.00, with a median target price of $36.00. In analyzing these forecasts, the average price target given by analysts for Avista Corporation (AVA) is $38.60.
