Shares of Avid Technology Inc. (NASDAQ:AVID) traded at a new 52-week high today of $44.42. Approximately 43 million shares have changed hands today, as compared to an average 30-day volume of 383,000 shares.
There is potential upside of 0.6% for shares of Avid Technology Inc. based on a current price of $34.18 and an average consensus analyst price target of $34.38.
Avid Technology Inc. share prices have moved between a 52-week high of $40.48 and the current low of $3.99 and are currently at $34.18 per share.
Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company’s products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.
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