For Avista Corporation [AVA], Analyst sees a drop to $40. What next?

Avista Corporation [NYSE: AVA] closed the trading session at $42.88 on 01/13/23. The day’s price range saw the stock hit a low of $42.405, while the highest price level was $43.04. The company report on January 12, 2023 that Avista Corp. Fourth Quarter 2022 Earnings Conference Call and Webcast Announced.

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This call can be accessed on Avista’s website at investor.avistacorp.com. You must pre-register for the call via the Presentations and Events link at Avista’s website (investor.avistacorp.com/events-and-presentations) to access the call-in details for the webcast. A replay of the webcast will be available for one year on the Avista Corp. web site at investor.avistacorp.com.

The stocks have a year to date performance of -3.29 percent and weekly performance of -1.52 percent. The stock has been moved at 1.64 percent over the last six months. The stock has performed -1.54 percent around the most recent 30 days and changed 11.93 percent over the most recent 3-months.

If compared to the average trading volume of 718.89K shares, AVA reached to a volume of 530664 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Avista Corporation [AVA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AVA shares is $39.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AVA stock is a recommendation set at 3.30. 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.

Mizuho have made an estimate for Avista Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 02, 2022. The new note on the price target was released on November 01, 2022, representing the official price target for Avista Corporation stock. Previously, the target price had yet another raise to $44, while Mizuho analysts kept a Buy rating on AVA stock.

The Average True Range (ATR) for Avista Corporation is set at 1.00, with the Price to Sales ratio for AVA stock in the period of the last 12 months amounting to 1.94. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 0.20.

AVA stock trade performance evaluation

Avista Corporation [AVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.52. With this latest performance, AVA shares dropped by -1.54% in over the last four-week period, additionally plugging by 1.64% over the last 6 months – not to mention a rise of 0.47% 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 AVA stock in for the last two-week period is set at 50.55, with the RSI for the last a single of trading hit 46.27, and the three-weeks RSI is set at 52.74 for Avista Corporation [AVA]. The present Moving Average for the last 50 days of trading for this stock 41.28, while it was recorded at 42.70 for the last single week of trading, and 41.74 for the last 200 days.

Avista Corporation [AVA]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Avista Corporation [AVA] shares currently have an operating margin of +15.86 and a Gross Margin at +23.46. Avista Corporation’s Net Margin is presently recorded at +10.24.

Return on Equity for this stock inclined to 7.04, with Return on Assets sitting at 2.12.

Avista Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for Avista Corporation [AVA] stock

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 AVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Avista Corporation go to 5.20%.

Avista Corporation [AVA]: Insider Ownership positions

There are presently around $2,633 million, or 87.20% of AVA stock, in the hands of institutional investors. The top three institutional holders of AVA stocks are: BLACKROCK INC. with ownership of 13,596,079, which is approximately 1.114% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 8,839,530 shares of the stock with an approximate value of $379.04 million in AVA stocks shares; and PUBLIC SECTOR PENSION INVESTMENT BOARD, currently with $150.66 million in AVA stock with ownership of nearly -0.058% of the company’s market capitalization.

Positions in Avista Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 144 institutional holders increased their position in Avista Corporation [NYSE:AVA] by around 3,393,014 shares. Additionally, 119 investors decreased positions by around 2,635,087 shares, while 49 investors held positions by with 55,381,975 shares. The mentioned changes placed institutional holdings at 61,410,076 shares, according to the latest SEC report filing. AVA stock had 37 new institutional investments in for a total of 832,877 shares, while 27 institutional investors sold positions of 288,155 shares during the same period.

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