Avaya Holdings Corp. (NYSE:AVYA) has a beta value of 1.99 and has seen 1,065,723 shares traded in the last trading session. The company, currently valued at $1.06 Billion, closed the last trade at $12.76 per share which meant it gained $0.2 on the day or 2.33% during that session. The AVYA stock price is -22.34% off its 52-week high price of $15.61 and 51.96% above the 52-week low of $6.13. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.09 Million shares traded. The 3-month trading volume is 2.2 Million shares.
The consensus among analysts is that Avaya Holdings Corp. (AVYA) is a Buy stock at the moment, with a recommendation rating of 2.1. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 6 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.79.
Avaya Holdings Corp. (NYSE:AVYA) trade information
Sporting 2.33% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 02 when the AVYA stock price touched $13.10- or saw a rise of 2.6%. Year-to-date, Avaya Holdings Corp. shares have moved -5.48%, while the 5-day performance has seen it change 0.63%. Over the past 30 days, the shares of Avaya Holdings Corp. (NYSE:AVYA) have changed -13.2%. Short interest in the company has seen 16.71 Million shares shorted with days to cover at 7.6.
Wall Street analysts have a consensus price target for the stock at $16.56, which means that the shares’ value could jump 29.78% from current levels. The projected low price target is $13 while the price target rests at a high of $22. In that case, then, we find that the current price level is +72.41% off the targeted high while a plunge would see the stock lose 1.88% from current levels.
Avaya Holdings Corp. (AVYA) estimates and forecasts
Figures show that Avaya Holdings Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -2.07% over the past 6 months, with this year growth rate of -19.69%, compared to 22.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -30.1% and 22.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.4%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -52.7% over the past 5 years. Earnings growth for 2020 is a modest -122.2% while over the next 5 years, the company’s earnings are expected to increase by 6.3%.
Avaya Holdings Corp. (NYSE:AVYA)’s Major holders
Insiders own 1.51% of the company shares, while shares held by institutions stand at 124.94% with a share float percentage of 126.86%. Investors are also buoyed by the number of investors in a company, with Avaya Holdings Corp. having a total of 279 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 10.75 Million shares worth more than $86.95 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 9.71% of shares outstanding.
The other major institutional holder is JP Morgan Chase & Company, with the holding of over 10.71 Million shares as of March 30, 2020. The firm’s total holdings are worth over $86.64 Million and represent 9.67% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of March 30, 2020, the former fund manager holds about 2.94% shares in the company for having 3258717 shares of worth $26.36 Million while later fund manager owns 2.87 Million shares of worth $23.19 Million as of March 30, 2020, which makes it owner of about 2.59% of company’s outstanding stock.