BlackRock Fund Advisors has recently announced that it has increased stake in Avaya Holdings Corp. (NYSE:AVYA) by 2.43%. After grabbing 6.28 million shares, the institutional investor is now in possession of 0.15 million shares of the Technology Company. The new investment brought the stake of investor firm to 7.32% having worth around $9.92 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.73 million to have a control over 2.88 million shares. And JPMorgan Investment Management, I raised its holdings to 2.61 million shares by acquiring 2.82 million shares or 3.29% of the stake.
Avaya Holdings Corp. (AVYA) concluded trading on 11/30/22 at a closing price of $0.97, with 12.86 million shares of worth about $12.47 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -77.32% during that period and on Wednesday the price saw a loss of about -13.75%. Currently the company’s common shares owned by public are about 85.60M shares, out of which, 71.38M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 94 times over the past 12 months. They bought 5,098,798 shares in 54 of the transactions. In 40 selling transactions, insiders dumped 662,715 shares.
American Funds Small Cap World Fu, iShares Russell 2000 ETF, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Avaya Holdings Corp. American Funds Small Cap World Fu is currently holding 3.36 million shares of worth totaling $5.31 million. The company recently came selling -3.39 million shares which brought its stake up to 3.92% of the company’s outstanding shares. iShares Russell 2000 ETF sold 39055.0 shares, after which its hold over company’s outstanding shares shrunk to 2.45%, leaving 2.11 million shares with the mutual fund that have a worth of about $3.33 million. Vanguard Total Stock Market Index, after buying 2.04 million shares, have now control over 2.38% of the stake in the company. It holds 0.0 shares of worth $3.23 million.
Avaya Holdings Corp. (NYSE: AVYA) started trading at $0.98, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 1.0300, or with a loss of -13.75%. Stock saw a price change of -22.10% in past 5 days and over the past one month there was a price change of -38.86%. Year-to-date (YTD), AVYA shares are showing a performance of -95.12% which decreased to -95.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.60 but also hit the highest price of $21.65 during that period. The average intraday trading volume for Avaya Holdings Corp. shares is 7.58 million. The stock is currently trading -31.85% below its 20-day simple moving average (SMA20), while that difference is down -31.49% for SMA50 and it goes to -81.36% lower than SMA200.
BlackRock Fund Advisors acquired 6.28 million shares of Avaya Holdings Corp. having value of about $9.92 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.15 million shares in the company valued at close to $144553.28, or have control over 2.43% stake in the company. Avaya Holdings Corp. (NYSE: AVYA) currently have 85.60M outstanding shares and institutions hold larger chunk of about 66.40% of that. Holding of mutual funds in the company is about 30.16% while other institutional holders and individual stake holders have control over 35.44% and 17.47% of the stake respectively.
The stock has a current market capitalization of $88.17M and its 3Y-monthly beta is at 0.98. It has posted earnings per share of -$17.03 in the same period. It has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AVYA, volatility over the week remained 14.72% while standing at 12.26% over the month.
Analysts are in expectations that Avaya Holdings Corp. (AVYA) stock would likely to be making an EPS of -$0.25 in the current quarter, while forecast for next quarter EPS is -$0.15 and it is -$0.07 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.37 which is -$0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.77 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 97.30% while it is estimated to decrease by -115.90% in next year. EPS is likely to shrink at an annualized rate of 4.30% for next 5-years, compared to annual growth of 33.40% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Avaya Holdings Corp. (AVYA)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.40. Out of those 2 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Coverage by Barclays stated Avaya Holdings Corp. (AVYA) stock as an Underweight in their note to investors on May 17, 2022, suggesting a price target of $5 for the stock. On May 13, 2022, Cowen Downgrade their recommendations, while on May 12, 2022, BWS Financial Downgrade their ratings for the stock with a price target of $1. Stock get an Underweight rating from JP Morgan on May 11, 2022.
