Ayvens shares rebound 6.5% over the week after hitting a record low

A rebound that brings the stock back above its MA20 at €8.88

Ayvens shares gain 2.77% to €9.28 intraday, while the SBF 120 rises 1.5%. The price is now 4.45% above the MA20, at €8.88, while it remains 4.77% below the MA50 (€9.74) and 14.36% below the MA200 (€10.83).

The rebound thus remains confined to the short term: the stock is still down 21.5% over three months, after hitting an unprecedented low on October 19, below €8.60, according to the decline underway since the summer.

Over one week, the gain reaches 6.4%. This rise follows that of October 29, when the stock had already recovered 4% after the publication of its third-quarter results.

A €450 million share buyback executed at 39% and a P/E ratio of 7.6

On July 30, the group announced a €450 million share buyback programme, executed at approximately 39% as of October 16, i.e. €174 million repurchased. Over twelve months, buybacks total €765 million, or 10.5% of market capitalisation.

Third-quarter net profit came in at €240 million, down 11.9% year on year, as the resale of used vehicles turned negative, as detailed in the October 29 publication.

According to the consensus of the analysts surveyed, the stock trades at 7.6 times earnings for the current financial year and 7.0 times those of the following year. On the technical side, resistance stands at €10.17 and support at €8.60.