Avid Tech Stock Analysis

AVID -  USA Stock  

USD 37.14  0.38  1.01%

The latest surge in Avid Tech short term price appreciation could raise concerns from shareholders as the firm it trading at a share price of 37.14 on 476,600 in volume. The company management teams have successfully maneuvered the firm at convenient times to take advantage of all market conditions in May. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.5. This high volatility is attributed to the latest market swings and not so good earnings reports for some of the Avid Tech partners.
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The Avid Tech stock analysis report makes it easy to digest most publicly released information about Avid Tech and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Avid Tech stock analysis module also helps to analyze the Avid Tech price relationship with some important fundamental indicators such as market cap and management efficiency.

Avid Tech Stock Analysis Notes

About 90.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.93. Some equities with similar Price to Book (P/B) outperform the market in the long run. Avid Tech has Price/Earnings To Growth (PEG) ratio of 1.23. The entity had not issued any dividends in recent years. Avid Technology, Inc. develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts. Avid Tech operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. It employs 1362 people. For more info on Avid Tech please contact Louis Hernandez at 978 640-6789 or go to www.avid.com.

Avid Tech Quarterly Cost of Revenue

32.95 MillionShare

Avid Tech Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Avid Tech's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Avid Tech or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Avid Tech has very high historical volatility over the last 90 days
Avid Tech has high likelihood to experience some financial distress in the next 2 years
The company currently holds 217.3 M in liabilities. Avid Tech has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations when due.
Over 90.0% of the company shares are held by institutions such as insurance companies
Latest headline from investorplace.com: 7 A-Rated Biotech Stocks to Buy Now - InvestorPlace

Avid Tech Upcoming and Recent Events

Earnings reports are used by Avid Tech to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Avid Tech previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report2nd of August 2021
Next Earnings Report27th of October 2021
Next Fiscal Quarter End30th of June 2021
Next Fiscal Year End8th of March 2022
Last Quarter Report31st of March 2021
Last Earning Announcement30th of June 2020

Avid Tech Largest EPS Surprises

Earnings surprises can significantly impact Avid Tech's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2010-07-22
2010-06-30-0.06-0.050.0116 
2001-07-19
2001-06-30-0.08-0.070.0112 
1996-10-24
1996-09-30-0.05-0.040.0120 
View All Earnings Estimates

Avid Tech SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Avid Tech prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Avid Tech investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Avid Tech specific information freely available to individual and institutional investors to make a timely investment decision.
18th of May 2021
Submission of Matters to a Vote of Security Holders
View
5th of May 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Results of Operations and Financial Condition
View
17th of March 2021
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
9th of March 2021
Financial Statements and Exhibits. Regulation FD Disclosure. Results of Operations and Financial Condition
View
10th of February 2021
Unclassified Corporate Event
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2nd of February 2021
Unclassified Corporate Event
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21st of January 2021
Unclassified Corporate Event
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14th of January 2021
Regulation FD Disclosure
View

Avid Tech Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Avid Tech is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Avid Tech backward and forwards among themselves. Avid Tech's institutional investor refers to the entity that pools money to purchase Avid Tech's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Impactive Capital LpCommon Shares6.9 M145.3 M
Vanguard Group IncCommon Shares2.5 M51.9 M
Blackrock IncCommon Shares2.4 M50.4 M
Gilder Gagnon Howe Co LlcCommon Shares2.1 M44.4 M
Royce Associates LpCommon SharesM41.7 M
Acadian Asset Management LlcCommon Shares1.5 M30.9 M
Dimensional Fund Advisors LpCommon Shares1.4 M28.6 M
Note, although Avid Tech's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Avid Tech Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 1.63 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Avid Tech's market, we take the total number of its shares issued and multiply it by Avid Tech's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Avid Tech Profitablity

Avid Tech's profitability indicators refer to fundamental financial ratios that showcase Avid Tech's ability to generate income relative to its revenue or operating costs. If, let's say, Avid Tech is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Avid Tech's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Avid Tech's profitability requires more research than a typical breakdown of Avid Tech's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 5.78 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is normal as compared to the sector avarege. Similarly, it shows Operating Margin (OM) of 13.18 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.13.
Last ReportedProjected for 2021
Return on Investment 42.29  45.63 
Return on Average Assets 0.039  0.05 
Return on Average Equity(0.07) (0.08) 
Return on Invested Capital 0.12  0.13 
Return on Sales 0.09  0.08 

Management Efficiency

The entity has return on total asset (ROA) of 10.62 % which means that it generated profit of $10.62 on every $100 spent on asset. This is normal as compared to the sector avarege. Avid Tech management efficiency ratios could be used to measure how well avid tech manages its routine affairs as well as how well it operates its assets and liabilities. Avid Tech Return on Average Assets are projected to slightly decrease based on the last few years of reporting. The past year's Return on Average Assets were at 0.039. The current year Return on Invested Capital is expected to grow to 0.13, whereas Return on Average Equity is forecasted to decline to (0.08) . Avid Tech Goodwill and Intangible Assets are projected to decrease significantly based on the last few years of reporting. The past year's Goodwill and Intangible Assets were at 29.38 Million. The current year Tax Assets is expected to grow to about 7.3 M, whereas Current Assets are forecasted to decline to about 196.2 M.
Last ReportedProjected for 2021
Book Value per Share(3.03) (3.27) 
Enterprise Value over EBIT 27.00  25.42 
Enterprise Value over EBITDA 21.66  23.38 
Price to Book Value(5.28) (5.41) 
Tangible Assets Book Value per Share 6.22  5.88 
Enterprise Value888.5 M723.1 M
Tangible Asset Value272.5 M247.9 M

Technical Drivers

As of the 19th of June, Avid Tech shows the Risk Adjusted Performance of 0.1595, mean deviation of 2.92, and Downside Deviation of 4.3. Avid Tech technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Avid Tech, which can be compared to its rivals. Please confirm Avid Tech standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Avid Tech is priced correctly, providing market reflects its regular price of 37.14 per share. Given that Avid Tech has jensen alpha of 0.3308, we suggest you to validate Avid Tech's prevailing market performance to make sure the company can sustain itself at a future point.

Avid Tech Price Movement Analysis

The output start index for this execution was nineteen with a total number of output elements of five hundred four. The Mid-point over period is an average of Avid Tech highest and lowest values attained during the given period. View also all equity analysis or get more info about midpoint over period overlap studies indicator.

Avid Tech Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Avid Tech insiders, such as employees or executives, is commonly permitted as long as it does not rely on Avid Tech's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Avid Tech insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Avid Tech Predictive Daily Indicators

Avid Tech intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Avid Tech stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Avid Tech Forecast Models

Avid Tech time-series forecasting models is one of many Avid Tech's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Avid Tech's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Avid Tech Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Avid Tech stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Avid Tech shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Avid Tech. By using and applying Avid Tech Stock analysis, traders can create a robust methodology for identifying Avid Tech entry and exit points for their positions.
Last ReportedProjected for 2021
Operating Margin 8.76  9.45 
EBITDA Margin 0.11  0.11 
Gross Margin 0.63  0.69 
Profit Margin 0.031  0.0371 
Avid Technology, Inc. develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts. Avid Tech operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. It employs 1362 people.

Current Avid Tech Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Avid Tech analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Avid Tech analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
40.0Buy4Odds
Avid Tech current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Avid Tech analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Avid Tech stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Avid Tech, talking to its executives and customers, or listening to Avid Tech conference calls.
Avid Tech Analyst Advice Details

Avid Tech Stock Analysis Indicators

Avid Tech stock analysis indicators help investors evaluate how Avid Tech stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Avid Tech shares will generate the highest return on investment. By understating and applying Avid Tech stock analysis, traders can identify Avid Tech position entry and exit signals to maximize returns.
Quick Ratio0.77
Fifty Two Week Low6.73
Revenue Growth9.20%
Shares Short Prior Month1.37M
Average Daily Volume Last 10 Day565.95k
Average Daily Volume In Three Month540.49k
Shares Percent Shares Out2.89%
Gross Margins64.22%
Short Percent Of Float3.64%
Forward Price Earnings24.23
Float Shares35.17M
Fifty Two Week High37.63
Enterprise Value To Ebitda33.67
Fifty Day Average28.55
Two Hundred Day Average21.00
Enterprise Value To Revenue4.93
Please continue to Trending Equities. Note that the Avid Tech information on this page should be used as a complementary analysis to other Avid Tech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Avid Tech Stock analysis

When running Avid Tech price analysis, check to measure Avid Tech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avid Tech is operating at the current time. Most of Avid Tech's value examination focuses on studying past and present price action to predict the probability of Avid Tech's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Avid Tech's price. Additionally, you may evaluate how the addition of Avid Tech to your portfolios can decrease your overall portfolio volatility.
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The market value of Avid Tech is measured differently than its book value, which is the value of Avid Tech that is recorded on the company's balance sheet. Investors also form their own opinion of Avid Tech's value that differs from its market value or its book value, called intrinsic value, which is Avid Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avid Tech's market value can be influenced by many factors that don't directly affect Avid Tech underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Avid Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine Avid Tech value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avid Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.