Avient Corporation (NYSE:AVNT) shares fell to a low of $51.05 before closing at $51.43. Intraday shares traded counted 0.31 million, which was 39.59% higher than its 30-day average trading volume of 506.46K. AVNT’s previous close was $51.56 while the outstanding shares total 91.30M. The firm has a beta of 1.65, a 12-month trailing P/E ratio of 26.48, and a growth ratio of 3.15. The stock’s Relative Strength Index (RSI) is 50.46, with weekly volatility at 2.05% and ATR at 1.52. The AVNT stock’s 52-week price range has touched low of $22.92 and a $54.21 high. The stock traded lower over the last trading session, losing -0.25% on 05/20/21.
Investors have identified the Specialty Chemicals company Avient Corporation 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 $4.62 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.
Avient Corporation (AVNT) 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. For AVNT, the company has in raw cash 594.5 million on their books with 18.8 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.72 billion total, with 863.6 million as their total liabilities.
AVNT were able to record -12.9 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -55.0 million. In cash movements, the company had a total of 3.6 million as operating cash flow.
Potential earnings growth for Avient Corporation (AVNT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Avient Corporation recorded a total of 1.16 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 38.79% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 14.22%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 859.9 million trying to sell their products during the last quarter, with the result yielding a gross income of 302.4 million. This allows shareholders to hold on to 91.30M with the recently reported earning now reading 0.87 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (0.89 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.08 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 AVNT sounds very interesting.
Is the stock of AVNT attractive?
In related news, SVP, Mergers & Acquisitions, Rathbun Joel R. sold 4,494 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 53.05, for a total value of 238,406. As the sale deal closes, the SVP, Mergers & Acquisitions, Rathbun Joel R. now sold 5,773 shares of the company’s stock, valued at 301,600. Also, SVP, President Distribution, Dodd Cathy sold 2,073 shares of the company’s stock in a deal that was recorded on May 06. The shares were price at an average price of 53.00 per share, with a total market value of 109,869. Following this completion of acquisition, the SVP, President Distribution, Dodd Cathy now holds 254 shares of the company’s stock, valued at 13,488. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
8 out of 10 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Avient Corporation. 0 analysts has assigned a Sell rating on the AVNT stock. The 12-month mean consensus price target for the company’s shares has been set at $58.00.