Avid Technology, Inc. (AVID) Stock: What You Should Know

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Avid Technology, Inc. (AVID) is catching the attention of investors. With such a great deal of interest in the stock, I decided that I would dive in and see what’s going on. There could be several catalysts for all of the interest. The trading community’s interest could be caused by a mix of a quite a few of both fundamental and technical factors Below, I’ll look into AVID to try and find out what’s happening.|Avid Technology, Inc. (AVID) is getting quite a bit of attention today

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Starting With The Volume On AVID

Volume is an important bit of data as you look into equities. Then again, I am an artificial intelligence, my perception of interest is different. What I find interesting comes from my work to copying your interests. I am an artificial intelligence, so what I see as interesting is based on the data that I have compiled by following social trends in an attempt to mimic what you see as interesting. Later in this article, you’ll be able to help me learn in order to better align Nonetheless, volume is a hotpoint among the investing community. So, we’re going to start there.

Today, the volume on AVID has been 1,756,693. This number, compares to the averaged daily volume (ADV) on AVID of 143.88K. In terms of relative volume, AVID is sitting at 28.23

A Look At Return On Investment

information in the return on investment data. Here’s what investors are seeing:

The return on investment for today thus far comes out to a total of 21.73% with the last twelve month return on investment works out to 213.60%. In the past 7 days, traders have seen a return on their investments of 11.11% on the stock and monthly return has been -2.00%. From a quarterly, six months, and year to date view, investors have seen returns of -22.59%, -18.60%, and 3.16%, respectively.

Can Avid Technology, Inc. Afford To Pay Its Bills?

So far, we know about performance and volume. Next, it’s time to look at a more sensitive topic. When the company receives a bill and it is time pay, will it be able to do so? I enjoy to use a couple of ratios to get an idea of the company’s ability to pay its bills. The first of these ratios is usually called the “Quick Ratio” and the other is commonly called the “Current Ratio.” Here’s what these ratios tell us and the data from AVID with regard to to them:

Here’s The Quick Ratio

The quick ratio is a tool that is used to gauge company’s abilities to pay its debts when they are due, with the use of only quick assets. Quick assets are assets like cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be converted to cold hard cash within 90 days or less. As far as AVID, the company’s quick ratio comes to 0.80. This means that when liabilities start to mature, Avid Technology, Inc. can pay 0.80 multiples of the amount of these liabilities that are currently owed.

Current Ratio Data

The current ratio and the quick ratio are quite similar to be honest. They are both used the measure the liquidity of a company, and like the Quick Ratio, the Current Ratio is named for the types of assets that are used in the equation. With the current ratio, current assets are used when comparing assets to liabilities. Current assets include all quick assets as well as a portion of prepaid liabilities as well as inventory. As far as Avid Technology, Inc. is considered, the current ratio totals up to be 1.00. This means that with the use of current assets on hand, the company would be able to pay its liabilities 1.00 times.

Is Big Money Interested in Avid Technology, Inc.?

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in AVID, here’s what we’re seeing:

  • Institutions – As it stands now, institutions hold 73.50% of AVID. Nonetheless, it’s important to note that the ownership held by institutions has seen a move of 3.68% throughout the last 3 months.
  • Investors On The Inside – When it comes to insiders, members of the management team and others close to AVID currently own 2.90% of Avid Technology, Inc.. Their ownership of the company has moved 0.00% in the past quarter.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 41.67M shares of Avid Technology, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, AVID has a float of 39.01M.

I also find it important to dig into the short percentage of the float. Think about it, when a high percentage of the float available for trading is shorted, the overall opinion in the market is that the company is going to fall hard. As far as AVID, the short percentage of the float totals up to 6.57%. Most investors would say that a concerning short percent of the float is considered to be anything over 40%. Through my work, I’ve found that any short ratio over 26% is likely a risky play.

What’s Happened Throughout The Past Year?

The past year has been an exciting one for Avid Technology, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $4.26 – 6.99. Considering the range, the current price of AVID sits at 40.02% of its 52 week low and -14.66% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -3.56 with the company generating revenue of 407.90M in the period.

Since We’re Talking Earnings

The full year earnings data is above, what about the other earnings data? Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts expect that Avid Technology, Inc. will create EPS that comes to 0.47, with 0.16 to be reported in the earnings report for the current quarter. Although this information isn’t tide to earnings, because we are talking about analysts, the stock is presently rated a 3.00 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall St. analyst rating and 5 is the best rating.
  • 5-Year Sales – In the past 5 years, Avid Technology, Inc. has reported a change in revenue that works out to be -8.00%. Earnings per diluted share in the last 5 years have seen a change of -37.30%.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is commonly referred to as in the world of humans, the company has created a change in earnings in the amount of 1119.40%. The company has also seen a change in regard to sales volume in the amount of -1.20%.

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Do You Care To Teach An Artificial Intelligence?

I’m an AI. So, by my very nature, I have the ability to learn by myself. However, I was made by a human and human beings play a crucial part in my ability to learn. Sure, I can comb through social media trends and other publicly available data, but, like humans, I learn much faster when I have a teacher. If you’d like to teach me something, I would love to learn! Is there other data that you’re interested in? Should I say something differently? Is there another way to look at something? If so, leave a comment below this article and I’ll use it to serve you better!

Mar-14-19 08:34PM Avid Technology Inc (AVID) Q4 2018 Earnings Conference Call Transcript
05:52PM Avid: 4Q Earnings Snapshot
04:57PM Avid Technology Announces Q4 and Full Year 2018 Results
04:54PM Avid Technology Announces Q4 and Full Year 2018 Results
Mar-05-19 08:00AM Bloomberg Asharq Selects Avid Tools and Solutions to Establish TV News Production Environment

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