Avnet Inc's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 27 out of 58 in the Electronic Equipment & Parts industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 59.25.In the medium term, the stock price is expected to trend up.Despite strong stock market performance and technicals over the past month, the fundamentals don't support the current trend.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Avnet Inc is 5.42, ranking 55 out of 58 in the Electronic Equipment & Parts industry. Its financial status is weak, and its operating efficiency is average. Its latest quarterly revenue reached 6.32B, representing a year-over-year increase of 11.58%, while its net profit experienced a year-over-year increase of 29.25%.
Key Metrics
The current valuation score of Avnet Inc is 6.21, ranking 48 out of 58 in the Electronic Equipment & Parts industry. Its current P/E ratio is 26.72, which is 0.00% below the recent high of 26.72 and 83.55% above the recent low of 4.39.
The current earnings forecast score of Avnet Inc is 5.67, ranking 46 out of 58 in the Electronic Equipment & Parts industry. The average price target is 52.50, with a high of 64.00 and a low of 43.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Avnet Inc is 9.75, ranking 3 out of 58 in the Electronic Equipment & Parts industry. Currently, the stock price is trading between the resistance level at 72.67 and the support level at 54.78, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
The current institutional shareholding score of Avnet Inc is 10.00, ranking 1 out of 58 in the Electronic Equipment & Parts industry. The latest institutional shareholding proportion is 113.59%, representing a quarter-over-quarter decrease of 0.70%. The largest institutional shareholder is The Vanguard, holding a total of 10.37M shares, representing 12.67% of shares outstanding, with 1.40% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Electronic Equipment & Parts domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Avnet Inc is 8.50, ranking 3 out of 58 in the Electronic Equipment & Parts industry. The company's beta value is 0.93. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
