AVID Technology - LONG Idea #AVID
- Price breaking out of a consolidation period and short-term downtrend.
- Targeting $40 then $44
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
0.30USD
55.24 MUSD
417.41 MUSD
39.62 M
About Avid Technology Inc.
Sector
Industry
CEO
John Wellford Dillard
Website
Headquarters
Burlington
Employees (FY)
1.49 K
Founded
1987
ISIN
US05367P1003
Avid Technology, Inc. engages in the provision of technology services for the media and entertainment industry. It develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution. The company was founded by William J. Warner in September 1987 and is headquartered in Burlington, MA.
$AVID Volume Gap@avi417 Per your request, Avid looks like it wants to fill the gap it left from the beginning of AUG.
No trade for me here, but a break out of the resistance level $31 would have my interest with the volume pocket above. similar to June's price action, would want to see some consolidation then
$AVID Still a buy, here's why:Over the last 4 quarters AVID has beat EPS estimates every single time. AVID shares have added about 130%+ since the beginning of this year and quarterly revenue was up by 20 million more than estimated. The main reason for the recent sell off was the slowing of subscription based plans that were up
$AVID consolidation and pre-earnings plan.Today was the first time in a long time (probably 2 months ago), as reported by @Fredbenz0 , that AVID caught some unusual action on the 35c expiring August 20th. Even though it seems like the OI flipped on these 200 sized blocks, the bullish action is not far away from what this long set-up is abou
$AVID Approaching important yearly resistanceAVID continued it's trend higher today putting in a higher high in the last 52 weeks, fast approaching an important level put in years ago. The 1.618 fib level matches that level of resistance and should slow down once it reached that target, allowing indicators to cool off. The second important lev
AVID TECHNOLOGY INCNASDAQ:AVID
Hi traders!
Today, in addition to the ESTE paper we talked about yesterday, there is another stock that should do well today. AVID: AVID TECHNOLOGY INC.
Which is on the chart:
1. Strong level formed by a rollback in a downtrend
2. Far retest
3. Strong rebound movement on higher time
AVID TECHNOLOGY INCNASDAQ:AVID
Hi traders!
Today, in addition to the ESTE paper we talked about yesterday, there is another stock that should do well today.
AVID: AVID TECHNOLOGY INC.
What's on the chart:
1. level formed by a rollback in a downtrend
2. Far retest
3. Strong rebound movement on higher timeframes.
$AVID Yearly breakoutAVID is at the breakout level from 2008's highs, ready to test the waters above. Some important price levels above that will have to be reached in order to continue higher towards all time highs. This impulsive move from earnings calls for a decent pull-back before continuing higher. If there's a re
AVID: Ascending Triangle (43%), Bullish Pennant (82%)Primary Target (short term):
Ascending Triangle, Awaiting confirmation (43%)
PT = 34.59$
Secondary Target (Long term):
Bullish Pennant, awaiting confirmation (82%)
PT = 41.32$
Symmetrical TriangleA symmetrical triangle can break to the upside or the downside. It is a neutral pattern until the top or bottom trendline is broken with conviction. It is a pattern of consolidation and continuation.
Price moves between 2 converging trendlines. Since price is being "squeezed" in to the apex of t
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Frequently Asked Questions
The current price of AVID is 27.04 USD — it hasn't changed in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NASDAQ exchange Avid Technology Inc. stocks are traded under the ticker AVID.
Avid Technology Inc. is going to release the next earnings report on May 9, 2024. Keep track of upcoming events with our Earnings Calendar.
AVID stock is 0.07% volatile and has beta coefficient of −0.04. Check out the list of the most volatile stocks — is Avid Technology Inc. there?
AVID earnings for the last quarter are 0.22 USD whereas the estimation was 0.21 USD which accounts for 6.45% surprise. Estimated earnings for the next quarter are 0.46 USD. See more details about Avid Technology Inc. earnings.
Avid Technology Inc. revenue for the last quarter amounts to 108.54 M USD despite the estimated figure of 103.48 M USD. In the next quarter revenue is expected to reach 108.77 M USD.
Yes, you can track Avid Technology Inc. financials in yearly and quarterly reports right on TradingView.
AVID net income for the last quarter is −7.33 M USD, while the quarter before that showed −4.60 M USD of net income which accounts for −59.57% change. Track more Avid Technology Inc. financial stats to get the full picture.
No, AVID doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, AVID shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Avid Technology Inc. stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 18, 2024, the company has 1.49 K employees. See our rating of the largest employees — is Avid Technology Inc. on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Avid Technology Inc. technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Avid Technology Inc. stock shows the buy signal. See more of Avid Technology Inc. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Avid Technology Inc. EBITDA is 35.72 M USD, and current EBITDA margin is 15.35%. See more stats in Avid Technology Inc. financial statements.