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AVID
Stock ticker:
NASDAQ
AS OF
Jun 30, 12:26 PM (EDT)
Price
$26.08
Change
+$0.23 (+0.89%)
Capitalization
1.16B

AVID Avid Technology Forecast, Technical & Fundamental Analysis

a provider of digital media content-creation products and solutions for film, video, audio and broadcast professionals
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jun 29, 2022

AVID in +6.12% Uptrend, rising for three consecutive days on June 24, 2022

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where AVID advanced for three days, in 276 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 24, 2022. You may want to consider a long position or call options on AVID as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AVID just turned positive on June 23, 2022. Looking at past instances where AVID's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

AVID may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where AVID's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The 50-day moving average for AVID moved below the 200-day moving average on June 09, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AVID declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for AVID entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (18.403). P/E Ratio (25.316) is within average values for comparable stocks, (126.046). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.373). Dividend Yield (0.000) settles around the average of (0.029) among similar stocks. P/S Ratio (2.864) is also within normal values, averaging (111.814).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. AVID’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

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published Earnings

AVID is expected to report earnings to fall 21.21% to 25 cents per share on August 08

Avid Technology AVID Stock Earnings Reports
Q2'22
Est.
$0.26
Q1'22
Missed
by $0.01
Q4'21
Beat
by $0.04
Q3'21
Beat
by $0.02
Q2'21
Beat
by $0.02
The last earnings report on May 04 showed earnings per share of 33 cents, missing the estimate of 33 cents. With 22.00K shares outstanding, the current market capitalization sits at 1.16B.
AI
A.I. Advisor
published General Information

General Information

a provider of digital media content-creation products and solutions for film, video, audio and broadcast professionals

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Computer Peripherals
Address
75 Network Drive
Phone
+1 978 640-6789
Employees
1738
Web
https://www.avid.com

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AVID and

Correlation & Price change

A.I.dvisor indicates that over the last year, AVID has been loosely correlated with FOUR. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if AVID jumps, then FOUR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To AVID
1D Price
Change %
AVID100%
-0.69%
FOUR - AVID
52%
Loosely correlated
-0.67%
BNFT - AVID
49%
Loosely correlated
-2.75%
RPAY - AVID
48%
Loosely correlated
-2.75%
PDFS - AVID
48%
Loosely correlated
-5.76%
ECOM - AVID
47%
Loosely correlated
-0.61%
More