Avid Technology Inc. (NASDAQ:AVID) Relative Strength Index (RSI) is 60.24, with weekly volatility at 6.51% and ATR at 1.29. The AVID stock’s 52-week price range has touched low of $4.67 and a $24.47 high. Intraday shares traded counted 0.38 million, which was 24.31% higher than its 30-day average trading volume of 500.96K. Its shares traded lower over the last trading session, losing -1.76% on 02/18/21. The shares fell to a low of $21.0343 before closing at $21.73. AVID’s previous close was $22.12 while the outstanding shares total 44.02M. The firm has a beta of 1.43, a 12-month trailing P/E ratio of 52.24, and a growth ratio of 3.48.
Investors have identified the Electronic Gaming & Multimedia company Avid Technology Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $978.50 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Avid Technology Inc. (AVID) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 167.28 million total, with 155.6 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.73 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AVID sounds very interesting.
Is the stock of AVID attractive?
In related news, Chief Accounting Officer, BROWN GARRARD sold 2,000 shares of the company’s stock in a transaction that recorded on Nov 03. The sale was performed at an average price of 9.52, for a total value of 19,040. As the sale deal closes, the Former CLO, CAO & EVP, Duva Jason A now sold 70,355 shares of the company’s stock, valued at 655,089. Also, Director, Asmar Christian bought 4,391 shares of the company’s stock in a deal that was recorded on Jul 10. The shares were price at an average price of 6.97 per share, with a total market value of 30,589. Following this completion of acquisition, the Director, Asmar Christian now holds 103,711 shares of the company’s stock, valued at 718,603. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.80%.
3 out of 5 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Avid Technology Inc.. 0 analysts has assigned a Sell rating on the AVID stock. The 12-month mean consensus price target for the company’s shares has been set at $22.38.