ADDvantage Technologies Group Inc. (NASDAQ: AEY) stock jumped 35.46% on Friday to $1.91 against a previous-day closing price of $1.41. With 23.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 42070.0 shares. During the session, the Electronics & Computer Distribution company that operates in wider Technology sector, reached to the highest price of $2.2000 whereas the lowest price it dropped to was $1.6600. The 52-week range on AEY shows that it touched its highest point at $2.82 and its lowest point at $1.05 during that stretch. Beta for the stock currently stands at 0.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AEY was up-trending over the past week, with a rise of 36.43%, but this was up by 48.06% over a month. Three-month performance surged to 68.40% while six-month performance rose 44.68%. The stock lost -25.39% in the past year, while it has gained 10.40% so far this year.
Float and Shares Shorts:
At present, 13.19 million AEY shares are outstanding with a float of 9.58 million shares on hand for trading. On Jul 14, 2022, short shares totaled 0.12 million, which was 0.89% higher than short shares on Jun 14, 2022. In addition to Mr. Joseph E. Hart as the firm’s Pres, CEO & Director, Mr. David E. Chymiak serves as its VP & Director.
Institutional Ownership:
Through their ownership of 3.45% of AEY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 38.71% of AEY, in contrast to 2.52% held by mutual funds. Shares owned by individuals account for 1.30%. As the largest shareholder in AEY with 0.80% of the stake, Dimensional Fund Advisors LP holds 105,357 shares worth 105,357. A second-largest stockholder of AEY, The Vanguard Group, Inc., holds 87,751 shares, controlling over 0.66% of the firm’s shares. Bridgeway Capital Management LLC is the third largest shareholder in AEY, holding 75,000 shares or 0.57% stake. With a 0.60% stake in AEY, the DFA US Micro Cap Portfolio is the largest stakeholder. A total of 79,262 shares are owned by the mutual fund manager. The Bridgeway Ultra Small Company Mar, which owns about 0.57% of AEY stock, is the second-largest Mutual Fund holder. It holds 75,000 shares valued at 0.1 million. Vanguard Total Stock Market Index holds 0.36% of the stake in AEY, owning 47,738 shares worth 66833.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AEY since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AEY will report FY 2008 earnings on 12/21/2022. Analysts have provided yearly estimates in a range of $0.92 being high and $0.92 being low. For AEY, this leads to a yearly average estimate of $0.92. Based on analyst estimates, the high estimate for the next quarter is $0.19 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.19.
Summary of Insider Activity:
Insiders traded AEY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 92,857 while 0 shares were sold.
