Craig Hallum lifts Avaya Holdings Corp. [AVYA] price estimate. Who else is bullish?

Avaya Holdings Corp. [NYSE: AVYA] loss -13.16% on the last trading session, reaching $1.32 price per share at the time. The company report on August 25, 2022 that Avaya Partners SST to Accelerate Cloud Contact Center Development in Hong Kong.

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Avaya (NYSE:AVYA), a global leader in solutions to enhance and simplify communications and collaboration, has today announced expanding its long-standing partnership with Sen Spirit Technology Limited (SST), Hong Kong’s leading distributor of communication technologies, to provide the Avaya OneCloud CCaaS to businesses in HongKong.

With this expanded partnership, SST will enable government agencies, banks, financial institutes, and telecommunications industry to speed up their adoption and development of end-to-end communication service in the cloud. Avaya’s engineers of professional certified system will also provide consulting service and technical support to our partners, driving Avaya OneCloudTM CCaaS’s further growth in Hong Kong.

Avaya Holdings Corp. represents 85.60 million in outstanding shares, while the company has a total market value of $132.00 million with the latest information. AVYA stock price has been found in the range of $1.21 to $1.65.

If compared to the average trading volume of 14.04M shares, AVYA reached a trading volume of 34482453 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Avaya Holdings Corp. [AVYA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVYA shares is $0.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVYA stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Craig Hallum have made an estimate for Avaya Holdings Corp. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 29, 2022. While these analysts kept the previous recommendation, Barclays dropped their target price from $8 to $5. The new note on the price target was released on May 17, 2022, representing the official price target for Avaya Holdings Corp. stock. Previously, the target price had yet another drop from $26 to $6, while Cowen kept a Market Perform rating on AVYA stock.

The Average True Range (ATR) for Avaya Holdings Corp. is set at 0.25, with the Price to Sales ratio for AVYA stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.26, with the Price to Cash per share for the same quarter was set at 3.24.

Trading performance analysis for AVYA stock

Avaya Holdings Corp. [AVYA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 82.17. With this latest performance, AVYA shares dropped by -36.84% in over the last four-week period, additionally sinking by -90.39% over the last 6 months – not to mention a drop of -93.54% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AVYA stock in for the last two-week period is set at 50.29, with the RSI for the last a single of trading hit 59.35, and the three-weeks RSI is set at 43.97 for Avaya Holdings Corp. [AVYA]. The present Moving Average for the last 50 days of trading for this stock 1.8439, while it was recorded at 1.2042 for the last single week of trading, and 10.9330 for the last 200 days.

Avaya Holdings Corp. [AVYA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Avaya Holdings Corp. [AVYA] shares currently have an operating margin of +7.06 and a Gross Margin at +50.15. Avaya Holdings Corp.’s Net Margin is presently recorded at -0.44.

Return on Equity for this stock declined to -4.14, with Return on Assets sitting at -0.21.

Avaya Holdings Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.70.

Avaya Holdings Corp. [AVYA]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AVYA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Avaya Holdings Corp. go to 4.30%.

An analysis of insider ownership at Avaya Holdings Corp. [AVYA]

There are presently around $121 million, or 95.41% of AVYA stock, in the hands of institutional investors. The top three institutional holders of AVYA stocks are: VANGUARD GROUP INC with ownership of 9,531,774, which is approximately 1.921% of the company’s market cap and around 18.00% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 8,369,041 shares of the stock with an approximate value of $11.05 million in AVYA stocks shares; and BLACKROCK INC., currently with $9.87 million in AVYA stock with ownership of nearly 26.014% of the company’s market capitalization.

Positions in Avaya Holdings Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 111 institutional holders increased their position in Avaya Holdings Corp. [NYSE:AVYA] by around 33,440,602 shares. Additionally, 90 investors decreased positions by around 32,608,887 shares, while 18 investors held positions by with 25,867,938 shares. The mentioned changes placed institutional holdings at 91,917,427 shares, according to the latest SEC report filing. AVYA stock had 43 new institutional investments in for a total of 17,795,182 shares, while 48 institutional investors sold positions of 18,413,095 shares during the same period.


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