Featured Stock Update: Avid Technology, Inc. (AVID)

25
stock recommendation

Avid Technology, Inc. (AVID) belonging to the Computer and Technology sector has declined -16.82% and closed its last trading session at $4.45.

The company reported its EPS on 03/13/2017. Currently, the stock has a 1 Year Price Target of $7.5.

The consensus recommendation, according to Zacks Investment research, is 3. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

The Stock had a 3 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3 and 3 respectively.

Avid Technology, Inc. on 03/13/2017 reported its EPS as $0.4 with the analysts projecting the EPS of the stock as $0.42. The company beat the analyst EPS Estimate with the difference of $-0.02. This shows a surprise factor of -4.8%.

Many analysts have provided their estimated foresights on Avid Technology, Inc. Earnings, with 2 analysts believing the company would generate an Average Estimate of $0.15.

Whereas they predicted High and Low Earnings Estimate as $0.21 and $0.09 respectively. While in the same Quarter Previous year, the Actual EPS was $0.24.

Analysts are also projecting an Average Revenue Estimate for Avid Technology, Inc. as $113.45 Million in the Current Quarter. This estimate is provided by 3 analysts.

The High Revenue estimate is predicted as 119.99 Million, while the Low Revenue Estimate prediction stands at 106.55 Million. The company’s last year sales total was 139.66 Million.

For the Current Quarter, the growth estimate for Avid Technology, Inc. is -37.5%, while for the Next Quarter the stock growth estimate is -103.9%.

In the past 5 years, the stock showed growth of 40.44% per annum. While for the next 5 years, the growth estimate is 15%.

The Company got Downgrade by BWS Financial on 10-Nov-16 from Buy to Hold.

Insider Trades for Avid Technology, Inc. show that the latest trade was made on 23 Feb 2017 where Ruzicka (Dana), the Officer completed a transaction type “Sell” in which 824 shares were traded at a price of $5.85.

Over the period of 6 months, Insider Purchases show a total of 8 transaction in which 350000 shares were traded. 4 Insider Sales transactions were made totaling 571381 shares traded.

2 analysts projected Price Targets for Avid Technology, Inc.. The analysts believe that the company stock price could grow as high as $10. The Low Price target projection by analysts is $5 and the Mean Price Target is $7.5.

Avid Technology, Inc. (AVID) has the market capitalization of $179.07 Million. The company rocked its 52-Week High of $9.78 on Aug 23, 2016 and touched its 52-Week Low of $3.99 on Dec 2, 2016.

The stock has Return on Assets (ROA) of 14.1 percent. Return on Equity (ROE) stands at -12.9% and Return on Investment (ROI) of -3.9 percent.

The stock is currently showing YTD performance of 1.14 Percent. The company has Beta Value of 1.91 and ATR value of 0.27. The Weekly and Monthly Volatility stands at 6.60% and 4.44%.