Avaya Holdings Corp. (NYSE:AVYA) has a beta value of 0 and has seen 802,479 shares traded in the last trading session. The company, currently valued at $1.55 Billion, closed the last trade at $18.68 per share which meant it lost -$0.42 on the day or -2.2% during that session. The AVYA stock price is -5.46% off its 52-week high price of $19.7 and 67.18% 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 2.41 Million shares traded. The 3-month trading volume is 1.64 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. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 1 out of 9 have rated it as a Hold, with 7 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.2.
Avaya Holdings Corp. (NYSE:AVYA) trade information
Despite being -2.2% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Oct 16 when the AVYA stock price touched $19.24- or saw a rise of 2.89%. Year-to-date, Avaya Holdings Corp. shares have moved 38.37%, while the 5-day performance has seen it change 0.7%. Over the past 30 days, the shares of Avaya Holdings Corp. (NYSE:AVYA) have changed 25.37%. Short interest in the company has seen 15.87 Million shares shorted with days to cover at 9.68.
Wall Street analysts have a consensus price target for the stock at $20.11, which means that the shares’ value could jump 7.66% from current levels. The projected low price target is $18 while the price target rests at a high of $22. In that case, then, we find that the current price level is +17.77% off the targeted high while a plunge would see the stock lose -3.64% 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 gained +125.06% over the past 6 months, with this year growth rate of -0.26%, compared to 34.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 69% and 54.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.8%.
7 analysts offering their estimates for the company have set an average revenue estimate of $733.55 Million for the current quarter. 7 have an estimated revenue figure of $720.45 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $726Million and $710.75 Million respectively for this quarter and the next, and analysts expect sales will grow by 1% for the current quarter and 1.4% for the next.
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 JP Morgan Chase & Company with over 9.11 Million shares worth more than $112.58 Million. As of June 29, 2020, JP Morgan Chase & Company held 8.23% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 8.86 Million shares as of June 29, 2020. The firm’s total holdings are worth over $109.52 Million and represent 8% of shares outstanding.