As of Thursday close, Avantor Inc.’s (NYSE:AVTR) stock was up $0.38, moving up 1.83 percent to $21.17. The average number of shares traded per day over the past five days has been 3,629,140 shares. 4 times new highs have been achieved over the past 5 days, with a $0.62 gain in that time frame. In the last twenty days, the average volume was 6,943,980, while in the previous 50 days, it was 5,891,534.
Since last month, AVTR stock retreated -3.02%. Shares of the company fell to $20.09 on 08/01/23, the lowest level in the past month. A 52-week high of $27.93 was reached on 03/03/23 after having rallying from a 52-week low of $17.91. Since the beginning of this year, AVTR’s stock price has risen by 0.38% or $0.08, and marked a new high 13 times. However, the stock has declined by -24.20% since its 52-week high.
AVTR stock investors should be aware that Avantor Inc. (AVTR) stock had its last reported insider trading activity 129 days ago on Apr 11. Couturier Christophe, the EVP, AMEA of the company, disposed of 1,498 shares for $21.18 on Apr 11. It resulted in a $31,728 divestment by the insider. Brophy Gerard sold 3,914 shares at an average price of $25.00 on Mar 03. The insider now owns 108,715 shares following the transaction. On Feb 28, EVP, AMEA Couturier Christophe sold 2,324 shares at $24.32 apiece. The transaction was valued at $56,520.
Valuation Metrics
Right now, Avantor Inc. (AVTR) has a P/E ratio of about 33.93. The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 2.85, and the price-to-cash flow ratio of 19.67 may also be considered.
Financial Health
In the three months ended June 29, Avantor Inc.’s quick ratio stood at 1.00, while its current ratio was 1.60, 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 1.11, and the total debt-to-equity ratio was 1.17. On the profitability front, the trailing twelve-month gross margin is 34.60% percent. In the year ended June 29, EBITDA margin amounted to 20.74%, whereas operating margins totaled 11.50%. Based on annual data, AVTR earned $2.6 billion in gross profit and brought in $7.51 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 8.60%. Return on equity (ROE) for the past 12 months was 8.70%.
In Avantor Inc.’s quarter-end financial report for June 29, it reported total debt of $5.57 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. AVTR’s revenue fell -9.55% to $1.78 billion during the quarter, while net income inched up to $1.74 billion. While analysts expected Avantor Inc. to report $0.29 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by -3.40%. During the quarter, the company generated $177.6 million in EBITDA. The liabilities of Avantor Inc. were 8.05 billion at the end of its most recent quarter ended June 29, and its total debt was $5.88 billion. The value of shareholders’ equity is $675.92 million.
Technical Picture
This quick technical analysis looks at Avantor Inc.’s (AVTR) price momentum. With a historical volatility rate of 21.03%, the RSI 9-day stood at 53.12% on 17 August.
With respect to its five-day moving average, the current Avantor Inc. price is up by +3.02% percent or $0.62. At present, AVTR shares trade -1.76% below its 20-day simple moving average and +1.34% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.03% above its SMA50 and +10.15% above its SMA200.
Stochastic coefficient K was 45.06% and Stochastic coefficient D was 34.19%, while ATR was 0.59. Given the Stochastic reading of 65.45% for the 14-day period, the RSI (14) reading has been calculated as 51.97%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.19.
Analyst Ratings
Avantor Inc. downgraded its rating on Avantor Inc. (NYSE: AVTR) to a Mkt perform in a note to investors on July 31, 2023. The analysts firm previously had an Outperform rating on the stock.Avantor Inc. (AVTR) has been rated Overweight by analysts. According to 0 brokerage firms, AVTR is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Avantor Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $24.00, the current consensus forecast for the stock is $19.00 – $30.00. Based on these forecasts, analysts predict Avantor Inc. (AVTR) will achieve an average price target of $24.32.
