Investor Watch:: Following Shares of Avnet, Inc. (NYSE:AVT) as Beta Rolls to 1.07

After looking for stocks with higher betas, we can see that Avnet, Inc. (NYSE:AVT) has a current beta of 1.07. The beta of a stock is typically used as a historical volatility indicator in relation to the overall market. Beta is a measurement of the stock price fluctuation, and may be used to gauge how fast the price may rise or fall. Beta compares the returns of company stock to return of the market as a whole. A beta of 1 would indicate that the stock price moves with the market. A beta below 1 might indicate that the stock is less volatile than the market. A beta above 1 indicates that the stock price is more volatile than the market in theory. Checking in on current price action, company shares had recently touched 42.52. From the session open, shares have moved -3.23%. Investors will be watching to see how the stock reacts to market influences over the next few weeks. As we near the halfway point of the calendar year, investors may be trying to figure out if now is the time to get in on the name, or whether to wait for a better opportunity.

Investors often hear the saying “buy low, sell high”. This may seem highly obvious to anybody looking to get into the stock market. Even though investors typically know they should do this, novices tend to do just the opposite, buy high and sell low. Often times, amateur investors will get carried away when a stock is trending higher. They may attempt to get in on the stock after a big move with hopes of the stock going higher and an overall thought that relates to the fear of missing out. Often times, investors will find themselves in a precarious situation when this occurs. They might have taken a chance on a stock that maybe was too good to be true. Investors may regret buying after the big move when the price has far exceeded the underlying value. Closely watching the fundamentals may help investors avoid getting into sticky situations such as buying too high.

After a recent check, Avnet, Inc. (NYSE:AVT) shares have been seen trading -1.60% away from the 20-day moving average. Zooming out to the 50-day, we can see that shares are currently trading 0.43% off of that mark. Looking at the 200-day moving average, shares have been trading -0.84% away from that value. The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. Many investors will opt to use multiple time periods when examining moving averages. Moving averages are considered to be lagging indicators, and they may prove to be very useful for spotting peaks and troughs. They may also be used to help the trader calculate sturdy support and resistance levels for the stock.

Investors may be closely monitoring historical stock price performance in order to examine what has been happening with company shares. Let’s take a look at some of the numbers for Avnet, Inc. (NYSE:AVT). Stock price performance for the past week is currently noted at 0.35%. If we look back to the beginning of the calendar year, shares have performed 7.32%. Looking back over the past full-year, shares have performed 4.22%. Over the past month, the stock has performed -0.93%. Over the last quarter, the stock has performed -11.40%. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 3.02% for the week, and 2.84% for the past month.

Occasionally, investors may feel like they are riding on a wild roller coaster when dealing with the stock market. Controlling emotions when taking the ride may assist with making necessary decisions when the time comes. Many investors choose to do thorough research when purchasing any stock. Knowing what is owned and why it is owned may help ease the mind when things get sticky. When the market is riding high and there is generally smooth sailing on the investing seas, individual investors may have the tendency to get complacent. Being prepared for any situation may help ease the stress of big market decision making. There may be a time when it seems like everything is going off the rails, but having an actual game plan for management and recovery could make a huge difference both financially and psychologically.  

We are also noting that Avnet, Inc. (NYSE:AVT) was recently seen trading -9.93% away from the 50-day high and 14.58% separated from the 50-day low. Taking a broader view, the current separation from the 52-week high is -13.94%, and the distance from the 52-week low is currently 14.58%. Let’s also look quickly at some analyst views on company shares. At the time of writing, the consensus target price for the company is $45.25. The consensus recommendation provided by covering sell-side analysts is currently 2.60. This number lands on a scale from 1 to 5. Following this scale, a rating of a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would represent a consensus Sell recommendation. A rating of 3 would indicate a Hold recommendation.

Investors may be searching high and low for the next breakout winner in the stock market. As companies continue to release quarterly earnings reports, investors will be looking for stocks that have the potential to move to the upside in the coming months. Tracking earnings can be a good way for investors to see how the company is stacking up to analyst estimates. Some investors prefer to track sell-side estimates very closely. Others prefer to do their own research and make their own best guesses on what the actual numbers will be. A solid earnings beat may help ease investor worries if the stock has been underperforming recently. On the flip side, a bad earnings miss may cause investors to take a much closer look at what the future prospects look like for the company.

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