On 5/2/24, Aviat Networks Inc (NASDAQ: AVNW) stock suffered a major decline of -16.4%, closing at $28.40. Moreover, trading volume in this decline was exceptionally high at 920% of normal. The stock has been strong relative to the market over the last nine months but has declined -13.4% during the last week.
Current PriceTarget Research Rating
AVNW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Aviat Networks has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Aviat Networks has a slightly positive Power Rating of 68 and a slightly positive Appreciation Score of 69, producing the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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