Avient Corp (NYSE:AVNT) shares, rose in value on Friday, November 01, with the stock price down by -1.01% to the previous day’s close as strong demand from buyers drove the stock to $46.14.
Actively observing the price movement in the last trading, the stock closed the session at $46.61, falling within a range of $45.47 and $47.375. The value of beta (5-year monthly) was 1.487 whereas the PE ratio was 28.44 over 12-month period. Referring to stock’s 52-week performance, its high was $51.51, and the low was $27.73. On the whole, AVNT has fluctuated by -4.63% over the past month.
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With the market capitalization of Avient Corp currently standing at about $4.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12. The company’s Forward Dividend Ratio is 1.03, with its dividend yield at 2.23%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.23B, with a low estimate of 741M and a high estimate of 772.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 754.08M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AVNT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.61, with the price of AVNT currently trading nearly -5.35% and -4.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.68, while the 7-day volatility ratio is showing 4.07% which for the 30-day chart, stands at 2.38%. Furthermore, Avient Corp (AVNT)’s beta value is 1.50, and its average true range (ATR) is 1.36.
A comparison of Avient Corp (AVNT) with its peers suggests the former has fared considerably weaker in the market. AVNT showed an intraday change of -1.01% in last session, and over the past year, it grew by 46.71%%.
Data on historical trading for Avient Corp (NYSE:AVNT) indicates that the trading volumes over the past 10 days have averaged 0.49 and over the past 3 months, they’ve averaged 462.80K. According to company’s latest data on outstanding shares, there are 91.20 million shares outstanding.
Nearly 2.00% of Avient Corp’s shares belong to company insiders and institutional investors own 98.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.14 million shares as on 2024-10-15, resulting in a short ratio of 2.56. According to the data, the short interest in Avient Corp (AVNT) stood at 167.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 1.02 million. The stock has risen by 10.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AVNT stock heading into the next quarter.
