Avaya Holdings Corp. (NYSE:AVYA) has a beta value of 1.15 and has seen 4.86 million shares traded in the last trading session. The company, currently valued at $21.86M, closed the last trade at $0.23 per share which meant it gained $0.01 on the day or 5.02% during that session. The AVYA stock price is -7995.65% off its 52-week high price of $18.62 and 47.83% above the 52-week low of $0.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.1 million shares traded. The 3-month trading volume is 11.91 million shares.
The consensus among analysts is that Avaya Holdings Corp. (AVYA) is a Hold stock at the moment, with a recommendation rating of 3.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.25.
Avaya Holdings Corp. (NYSE:AVYA) trade information
Sporting 5.02% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the AVYA stock price touched $0.23 or saw a rise of 32.33%. Year-to-date, Avaya Holdings Corp. shares have moved 19.59%, while the 5-day performance has seen it change -16.88%. Over the past 30 days, the shares of Avaya Holdings Corp. (NYSE:AVYA) have changed 12.64%. Short interest in the company has seen 18.15 million shares shorted with days to cover at 2.29.
Wall Street analysts have a consensus price target for the stock at $0.40, which means that the shares’ value could jump 42.5% from current levels. The projected low price target is $0.40 while the price target rests at a high of $0.40. In that case, then, we find that the current price level is -73.91% off the targeted high while a plunge would see the stock gain -73.91% from current levels.
Avaya Holdings Corp. (AVYA) estimates and forecasts
The company’s shares have lost -89.35% over the past 6 months, compared to 1.90% for the industry. Revenue growth from the last financial year stood is estimated to be -12.00%.
3 analysts offering their estimates for the company have set an average revenue estimate of $585.2 million for the current quarter. 3 have an estimated revenue figure of $597.83 million for the next quarter concluding in Dec 2022.
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 33.40% over the past 5 years. Earnings growth for 2023 is a modest 97.30% while over the next 5 years, the company’s earnings are expected to increase by 4.30%.
Avaya Holdings Corp. is expected to release its next earnings report between February 07 and February 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Avaya Holdings Corp. (NYSE:AVYA)’s Major holders
Insiders own 17.75% of the company shares, while shares held by institutions stand at 105.77% with a share float percentage of 128.60%. Investors are also buoyed by the number of investors in a company, with Avaya Holdings Corp. having a total of 246 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 9.53 million shares worth more than $21.35 million. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 8.61% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 8.37 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $18.75 million and represent 7.56% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and American Century Small Cap Value Fund. As of Jun 29, 2022, the former fund manager holds about 6.10% shares in the company for having 6.75 million shares of worth $15.13 million while later fund manager owns 4.97 million shares of worth $11.13 million as of Jun 29, 2022, which makes it owner of about 4.49% of company’s outstanding stock.