Avid Technology Inc. (NASDAQ:AVID) Relative Strength Index (RSI) is 62.75, with weekly volatility at 8.47% and ATR at 1.72. The AVID stock’s 52-week price range has touched low of $4.67 and a $30.29 high. Intraday shares traded counted 0.34 million, which was 31.88% higher than its 30-day average trading volume of 504.00K. Its shares traded higher over the last trading session, gaining 5.15% on 05/14/21. The shares fell to a low of $26.02 before closing at $27.36. AVID’s previous close was $26.02 while the outstanding shares total 44.56M. The firm has a beta of 1.37, a 12-month trailing P/E ratio of 58.34, and a growth ratio of 3.89.
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 $1.18 billion, 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 175.03 million total, with 176.72 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.13 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, Director, HAWTHORNE NANCY sold 1,250 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 22.85, for a total value of 28,562. As the sale deal closes, the Director, HAWTHORNE NANCY now sold 2,500 shares of the company’s stock, valued at 58,270. Also, Chief Financial Officer & EVP, Gayron Kenneth L sold 3,000 shares of the company’s stock in a deal that was recorded on Mar 17. The shares were price at an average price of 19.38 per share, with a total market value of 58,125. Following this completion of acquisition, the SVP & GM Video Post & Storage, CLAMAN TIMOTHY now holds 5,000 shares of the company’s stock, valued at 104,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 5.20%.
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 $28.25.