Avantor Inc (NYSE:AVTR) shares, rose in value on Friday, November 01, with the stock price down by -0.74% to the previous day’s close as strong demand from buyers drove the stock to $22.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.37, falling within a range of $22.03 and $22.89. The value of beta (5-year monthly) is 1.328 whereas the PE ratio is 48.87 over 12-month period. Referring to stock’s 52-week performance, its high was $28.00, and the low was $17.06. On the whole, AVTR has fluctuated by -11.64% over the past month.
With the market capitalization of Avantor Inc currently standing at about $15.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.83B, with a low estimate of 1.7B and a high estimate of 1.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.72B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AVTR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.89, with the price of AVTR currently trading nearly -7.09% and -11.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 23.21, while the 7-day volatility ratio is showing 1.99% which for the 30-day chart, stands at 2.20%. Furthermore, Avantor Inc (AVTR)’s beta value is 1.35, and its average true range (ATR) is 0.62.
A comparison of Avantor Inc (AVTR) with its peers suggests the former has fared considerably weaker in the market. AVTR showed an intraday change of -0.74% in today’s session so far, and over the past year, it grew by 27.54%%.
Data on historical trading for Avantor Inc (NYSE:AVTR) indicates that the trading volumes over the past 10 days have averaged 6.41 and over the past 3 months, they’ve averaged 5.09 million. According to company’s latest data on outstanding shares, there are 676.60 million shares outstanding.
Nearly 2.54% of Avantor Inc’s shares belong to company insiders and institutional investors own 94.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.09 million shares as on 2024-10-15, resulting in a short ratio of 6.61. According to the data, the short interest in Avantor Inc (AVTR) stood at 488.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 35.21 million. The stock has fallen by -2.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AVTR stock heading into the next quarter.
