Topline Capital Management LLC recently announced the acquisition of new stake in Aviat Networks Inc. (NASDAQ:AVNW). This fresh investment now brings its stake to 5.21% valued currently at $18.41 million. In addition, AIGH Capital Management LLC raised its holdings by 0.13 million to 0.54 million shares. And Punch & Associates Investment Man has lifted its position by 12.09% or 48363.0 shares – to 0.45 million shares.
With over 0.1 million Aviat Networks Inc. (AVNW) shares trading Monday and a closing price of $31.00 on the day, the dollar volume was approximately $3.2 million. The shares have shown a positive half year performance of 10.99% and its price on 01/23/23 lost nearly -0.42%. Currently, there are 11.20M common shares owned by the public and among those 11.06M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for AVNW have a consensus price objective of $55.67. The analysts have set the share’s price value over the next 12 months at a high of $65.00 and a low of $50.00. The average price target is 45.42% above its recent price level and an upside to the estimated low will see the stock gain 38.0% over that period. But an upside of 52.31% will see the stock hit the forecast high price target while median target price for the stock is $56.00.
Insiders at the company have transacted a total of 31 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 119,291 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 21,045 shares.
The top 3 mutual fund holders in Aviat Networks Inc. are Vanguard Total Stock Market Index, Pender Small Cap Opportunities Fu, and Royce Small-Cap Opportunity Fund. Vanguard Total Stock Market Index owns 0.3 million shares of the company’s stock, all valued at over $9.39 million. Pender Small Cap Opportunities Fu sold 21448.0 shares to see its total holdings shrink to 0.24 million shares valued at over $7.44 million and representing 2.11% of the shares outstanding. Royce Small-Cap Opportunity Fund sold 80034.0 shares to bring its total holdings to over 0.2 million shares at a value of $6.32 million. Royce Small-Cap Opportunity Fund now owns shares totaling to 1.79% of the shares outstanding.
Shares of Aviat Networks Inc. (NASDAQ: AVNW) opened at $31.41, up $0.28 from a prior closing price of $31.13. However, the script later moved the day high at 31.60, down -0.42%. The company’s stock has a 5-day price change of -2.88% and 8.81% over the past three months. AVNW shares are trading -0.61% year to date (YTD), with the 12-month market performance up to 5.84% higher. It has a 12-month low price of $23.88 and touched a high of $35.18 over the same period. AVNW has an average intraday trading volume of 65.37K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.03%, -0.12%, and 3.84% respectively.
Institutional ownership of Aviat Networks Inc. (NASDAQ: AVNW) shares accounts for 77.60% of the company’s 11.20M shares outstanding. Mutual fund holders own 30.44%, while other institutional holders and individual stakeholders account for 42.69% and 20.88% respectively.
It has a market capitalization of $346.58M and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 27.00, while the earnings-per-share (ttm) stands at $1.15. The company has a PEG of 2.25 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.80% over the week and 2.60% over the month.
Analysts forecast that Aviat Networks Inc. (AVNW) will achieve an EPS of $0.71 for the current quarter, $0.78 for the next quarter and $3.6 for 2024. The lowest estimate earnings-per-share for the quarter is $0.65 while analysts give the company a high EPS estimate of $0.77. Comparatively, EPS for the current quarter was $0.67 a year ago. Earnings per share for the fiscal year are expected to decrease by -81.00%, and 9.84% over the next financial year. EPS should shrink at an annualized rate of 12.00% over the next five years, compared to 90.40% over the past 5-year period.
Looking at the support for the AVNW, a number of firms have released research notes about the stock. JMP Securities stated their Mkt Outperform rating for the stock in a research note on September 01, 2022, with the firm’s price target at $50. ROTH Capital coverage for the Aviat Networks Inc. (AVNW) stock in a research note released on August 24, 2021 offered a Buy rating with a price target of $49. B. Riley Securities was of a view on July 22, 2021 that the stock is Buy, while Needham gave the stock Buy rating on December 31, 2014, issuing a price target of $2.20. H.C. Wainwright on their part issued Neutral rating on September 05, 2014.
