Avaya Holdings Corp. [AVYA] Stock trading around $0.20 per share: What’s Next?

Avaya Holdings Corp. [NYSE: AVYA] traded at a high on 12/30/22, posting a 6.23 gain after which it closed the day’ session at $0.20. The company report on December 30, 2022 that Avaya Receives Continued Listing Standard Notice from NYSE.

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Avaya Holdings Corp. (NYSE: AVYA) (“Avaya” or “the Company”), a global leader in solutions to enhance and simplify communications and collaboration, today announced that on December 29, 2022, it received notice from the New York Stock Exchange (“NYSE”) indicating that the Company is no longer in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s common stock from the NYSE.

The Company intends to notify the NYSE of its intent to cure the stock price deficiency and return to compliance with the continued listing standards. Under NYSE rules, the Company has a period of six months from receipt of the notice to cure the stock price deficiency and regain compliance with the NYSE’s continued listing standards. The Company’s common stock will continue to be listed and trade on the NYSE during this cure period, subject to Avaya’s compliance with other NYSE continued listing standards.

The results of the trading session contributed to over 11989991 shares changing hands. Over the past one week, the price volatility of Avaya Holdings Corp. stands at 17.00% while the volatility over the past one month is 31.57%.

The market cap for AVYA stock reached $16.00 million, with 85.60 million shares outstanding and 71.40 million shares in the current float. Compared to the average trading volume of 9.28M shares, AVYA reached a trading volume of 11989991 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Avaya Holdings Corp. [AVYA]?

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 0.12, with the Price to Sales ratio for AVYA stock in the period of the last 12 months amounting to 0.01. The Price to Book ratio for the last quarter was 0.04, with the Price to Cash per share for the same quarter was set at 3.97.

How has AVYA stock performed recently?

Avaya Holdings Corp. [AVYA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.56. With this latest performance, AVYA shares dropped by -79.71% in over the last four-week period, additionally sinking by -90.67% over the last 6 months – not to mention a drop of -99.02% 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 23.80, with the RSI for the last a single of trading hit 20.63, and the three-weeks RSI is set at 27.85 for Avaya Holdings Corp. [AVYA]. The present Moving Average for the last 50 days of trading for this stock 1.0677, while it was recorded at 0.1895 for the last single week of trading, and 3.7984 for the last 200 days.

Avaya Holdings Corp. [AVYA]: Deeper insight into the fundamentals

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.

Earnings analysis for Avaya Holdings Corp. [AVYA]

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%.

Insider trade positions for Avaya Holdings Corp. [AVYA]

There are presently around $11 million, or 66.10% of AVYA stock, in the hands of institutional investors. The top three institutional holders of AVYA stocks are: VANGUARD GROUP INC with ownership of 8,364,162, which is approximately -12.25% of the company’s market cap and around 15.30% of the total institutional ownership; BLACKROCK INC., holding 7,147,909 shares of the stock with an approximate value of $1.4 million in AVYA stocks shares; and CAPITAL WORLD INVESTORS, currently with $0.66 million in AVYA stock with ownership of nearly -59.808% of the company’s market capitalization.

Positions in Avaya Holdings Corp. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 65 institutional holders increased their position in Avaya Holdings Corp. [NYSE:AVYA] by around 13,944,130 shares. Additionally, 113 investors decreased positions by around 50,019,613 shares, while 23 investors held positions by with 9,105,921 shares. The mentioned changes placed institutional holdings at 54,857,822 shares, according to the latest SEC report filing. AVYA stock had 33 new institutional investments in for a total of 5,673,099 shares, while 63 institutional investors sold positions of 32,208,914 shares during the same period.


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