Avid Technology Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $26.79
- Today's High:
- $26.83
- Open Price:
- $26.8
- 52W Low:
- $19.78
- 52W High:
- $33.41
- Prev. Close:
- $26.8
- Volume:
- 417026
Company Statistics
- Market Cap.:
- $1.05 billion
- Book Value:
- -2.709
- Revenue TTM:
- $414.58 million
- Operating Margin TTM:
- 10.75%
- Gross Profit TTM:
- $274.44 million
- Profit Margin:
- 10.68%
- Return on Assets TTM:
- 10.74%
- Return on Equity TTM:
- 0%
Company Profile
Avid Technology Inc had its IPO on 1993-03-11 under the ticker symbol AVID.
The company operates in the Technology sector and Software-Application industry. Avid Technology Inc has a staff strength of 1,485 employees.
Stock update
Shares of Avid Technology Inc opened at $26.8 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $26.79 - $26.83, and closed at $26.8.
This is a 0% increase from the previous day's closing price.
A total volume of 417,026 shares were traded at the close of the day’s session.
In the last one week, shares of Avid Technology Inc have increased by +0.45%.
Avid Technology Inc's Key Ratios
Avid Technology Inc has a market cap of $1.05 billion, indicating a price to book ratio of 0 and a price to sales ratio of 2.6451.
In the last 12-months Avid Technology Inc’s revenue was $414.58 million with a gross profit of $274.44 million and an EBITDA of $49.59 million. The EBITDA ratio measures Avid Technology Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Avid Technology Inc’s operating margin was 10.75% while its return on assets stood at 10.74% with a return of equity of 0%.
In Q1, Avid Technology Inc’s quarterly earnings growth was a positive 73.5% while revenue growth was a negative 2.8%.
Avid Technology Inc’s PE and PEG Ratio
- Forward PE
- 17.0358
- Trailing PE
- 24.2323
- PEG
- 0.91
Its diluted EPS in the last 12-months stands at $0.99 per share while it has a forward price to earnings multiple of 17.0358 and a PEG multiple of 0.91. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Avid Technology Inc’s profitability.
Avid Technology Inc stock is trading at a EV to sales ratio of 3.192 and a EV to EBITDA ratio of 21.3528. Its price to sales ratio in the trailing 12-months stood at 2.6451.
Avid Technology Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $273.91 million
- Total Liabilities
- $176.95 million
- Operating Cash Flow
- $-3931000.00
- Capital Expenditure
- $3.93 million
- Dividend Payout Ratio
- 0%
Avid Technology Inc ended 2024 with $273.91 million in total assets and $0 in total liabilities. Its intangible assets were valued at $273.91 million while shareholder equity stood at $-118736000.00.
Avid Technology Inc ended 2024 with $19.73 million in deferred long-term liabilities, $176.95 million in other current liabilities, 464000.00 in common stock, $-1072099000.00 in retained earnings and $32.64 million in goodwill. Its cash balance stood at $20.86 million and cash and short-term investments were $20.86 million. The company’s total short-term debt was $9,716,000 while long-term debt stood at $170.69 million.
Avid Technology Inc’s total current assets stands at $156.30 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $94.82 million compared to accounts payable of $50.08 million and inventory worth $26.37 million.
In 2024, Avid Technology Inc's operating cash flow was $-3931000.00 while its capital expenditure stood at $3.93 million.
Comparatively, Avid Technology Inc paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $26.8
- 52-Week High
- $33.41
- 52-Week Low
- $19.78
- Analyst Target Price
- $36.5
Avid Technology Inc stock is currently trading at $26.8 per share. It touched a 52-week high of $33.41 and a 52-week low of $33.41. Analysts tracking the stock have a 12-month average target price of $36.5.
Its 50-day moving average was $26.17 and 200-day moving average was $27.22 The short ratio stood at 3.62 indicating a short percent outstanding of 0%.
Around 842.1% of the company’s stock are held by insiders while 8831.5% are held by institutions.
Frequently Asked Questions About Avid Technology Inc
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About
Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution in the United States and internationally. The company’s video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S1 and dock line audio control surface; S4 and S6 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.