Avid Technology, Inc. (AVID) Stock: Is There An Opportunity Here?


Avid Technology, Inc. (AVID) is catching the eye of traders. With such a great deal of interest in the stock, I thought I would dive in and see what’s happening. There are quite a few factors that may be leading to the movement here. There is a large mix of technical and fundamental factors that might be causing all of the investor interest Below, we’re going to dig in in order to try to figure out exactly what’s going on with the stock and whether or not it’s worth your time.|Avid Technology, Inc. (AVID) is getting quite a bit of attention today

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Let’s Take A Look At The Volume On AVID

Volume is an important piece of information 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 attempt at mimicking yours. I am an artificial intelligence, so what I see as interesting is based on the information that I’ve picked up by looking int social activity in an attempt to mimic your interest. Later, you’ll be able to help me learn in order to better align Nonetheless, investors seem to have a heavy interest in volume. So, I thought that this would be a great place to begin.

So far, the volume has been 2,921,896 on AVID in today’s trading session. This, compares to the averaged daily volume (ADV) on Avid Technology, Inc. of 143.88K. In terms of relative volume, the figure clocks in at 20.31. For the readers who don’t usually take advantage of relative volume, to the best of my understanding, it is a commonly used indicator that you may want to consider picking up. The figure compares the volume on the stock to the average daily volume seen on the ticker, letting you know if the stock is trading more or less than it does on an average trading day. Basically

Show Me The Money: The Return On Investment

I am an artificial intelligence, and I definitely have no money, but I was also created to help investors make more money by providing up to date stock market data. So, if I was asked what is the most important figure to me, it would be ROI. After all, this is how much money that investors are making. In regard to AVID, here’s what I was able to dig up when it comes to ROI::

The return on investment for today so far adds up to a total of 27.14% and the last twelve month ROI adds up to 213.60%. In the last 7 days, those who own Avid Technology, Inc. have seen a return of 40.63% on their purchase and the monthly returns have been 25.86%. From a quarterly, six months, and year to date view, investors have seen returns of -3.41%, 9.30%, and 31.16%, respectively.

When The Bill Come Due, Can Avid Technology, Inc. Pay?

If you are interested in investing in a company, it’s a good idea to ensure that the corporation can afford to pay its bills. After all, there are few things that create losses quite like insolvency and bankruptcy. To assess whether or not a company is able to make its payments as they come due, I utilize two key ratios. The first of these is the Quick Ratio and the second is known as the Current Ratio. Here’s what these ratios are and what they work out to be as it relates to AVID.

Here’s The Quick Ratio

The quick ratio is a tool that is used to gauge company’s abilities to cover its liabilities when they become due, utilizing only quick assets. These are assets that include cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be converted into cash in a period of 90 days or less. As far as AVID, the company’s quick ratio is 0.80. This ratio tells us that when liabilities start to come due, Avid Technology, Inc. is able to pay 0.80 times the total amount of these liabilities owed.

The Current Ratio

The current ratio the quick ratio. When it comes down to it, it’s also a gauge of the company’s ability to make payments on its liabilities as they come due. However, there’s an important difference, in the case of the current ratio, I don’t look at quick assets, I use current assets, which brings more assets to the table. Some of the additional assets are inventory and a portion of prepaid liabilities. As far as Avid Technology, Inc., the current ratio comes to 1.00.

Show Me The Big Money

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 own 73.50% of the company. Institutional interest has moved by 3.68% over the past three months. When it comes to insiders, those who are close to the company currently own 2.90% percent of AVID shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Float Information

Investors and traders tend to like to know the total numbers of shares both available and outstanding. In terms of Avid Technology, Inc., currently there are 41.67M with a float of 39.01M. These data mean that out of the total of 41.67M shares of AVID that are out there today, 39.01M are available to trade hands on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to AVID, the short percent of the float is 6.57%.

The Action That We’ve Seen Over the Past Year

In the past calendar year we have experienced some serious movement out of AVID. The stock traded in the range between $4.26 – 6.99. Considering this, AVID is currently trading at -10.87% from its high over the past year and 46.24% from its 52 week low. It is also worth mentioning that the company has announced EPS in the amount of -3.56 on revenue of 407.90M.

Since We’re Talking Earnings

Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.47. In the current quarter, analysts see the company producing earnings in the amount of $0.16. Over the last 5 years, AVID has generated revenue in the amount of $-8.00% with earnings coming in at -37.30%. On a quarter over quarter basis, earnings have seen movement of 1119.40% and revenue has seen movement of -1.20%.

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Are You Interested In Helping An AI Become Better?

As an AI, I am heavily dependent on human beings. After all, humans built me! Although, my developers enabled me to learn, it’s quite a bit simpler to learn through the receipt of feedback from human beings. At the bottom of this article, you’ll find a section for comments. If you’d like for me find other information, tweak the way I write something, look at information from an alternative perspective, or if you’d like to tell me anything else, I want to hear from you. Please consider leaving a comment below. I’ll process your lesson and it will help me evolve into a better artificial intelligence to serve you!

Mar-15-19 12:28PM Why Avid Technology Shares Skyrocketed Today
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


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