AVA Stock Summary and Trading Ideas (Avista | NYSE:AVA)

Avista Corp is an electric and natural gas utility company headquartered in Spokane, Washington. Avista primarily operates in the Pacific Northwest of the United States along with some operations in Juneau, Alaska. The company has two major business segments including Avista Utilities, which provides electric distribution and transmission, and natural gas distribution services in parts of eastern Washington and northern Idaho and also provides natural gas distribution service in parts of northeastern and southwestern Oregon. Avista Utilities has electric generating facilities in Washington, Idaho, Oregon and Montana. AEL&P is a regulated utility providing electric services in Juneau, Alaska that is a wholly-owned subsidiary and the primary operating subsidiary of AERC.

Avista trades on the NYSE stock market under the symbol AVA.

As of April 25, 2024, AVA stock price declined to $35.58 with 368,199 million shares trading.

AVA has a beta of 0.70, meaning it tends to be less sensitive to market movements. AVA has a correlation of 0.14 to the broad based SPY ETF.

AVA has a market cap of $2.78 billion. This is considered a Mid Cap stock.

Last quarter Avista reported $504 million in Revenue and $1.08 earnings per share. This fell short of revenue expectation by $-41 million and missed earnings estimates by -$.06.

In the last 3 years, AVA stock traded as high as $47.90 and as low as $30.53.

The top ETF exchange traded funds that AVA belongs to (by Net Assets): IJR, VTI, VB, IWM, DVY.

AVA stock has underperformed the market in the last year with a return of -16.2%, while SPY returned +23.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AVA shares. However, AVA has outperformed the market in the last 3 month and 2 week periods, returning +7.9% and +5.0%, while SPY returned +4.1% and -2.1%, respectively. This indicates AVA has been having a stronger performance recently.

AVA support price is $35.24 and resistance is $36.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVA stock will trade within this expected range on the day.