Azenta Inc. (NASDAQ:AZTA) currently has a daily average trading volume of 1.20M but it saw 1036066 shares traded on Wednesday. With a market cap of 2.73B USD, stock’s current market price of $41.70 came falling about -3.96 while comparing to the previous closing price of $43.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $78.82 and as low as $36.01. In the recent trading on the day, stock has struck highest price mark of $43.00 while lowest mark touched by it was $41.20.
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Taking a look at 20-day trading activity of Azenta Inc. (AZTA) gives us an average price of $42.43, while its current price level is -47.09% below from 52-week high level whereas it is 15.80% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $42.67 while that of 200 days or SMA-200 reads an average of $49.56. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.93% during that period while stretching the period over a month that increases to 4.68%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.47 which implies that the stock is in neutral territory.
Azenta Inc. (AZTA)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $42.00 and $68.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $42.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $68.00. Average price target assigned by them is $52.50 which highlights an upside potential of 20.57% for the stock over that period. And to attain the median price target of $50.00 assigned by those analysts, stock has to add about 16.6% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, AZTA’s stock price is moving 2.99% up while it is 3.12% when we observe its performance for the past one month. Year-to-date it is -28.38% down and over the past year, the stock is showing a downside performance of -41.08%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.06 beaten by the consensus estimate of -$0.02 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of -$0.02 while estimate for next year EPS is $0.06. For AZTA, analysts are forecasting an EPS-growth rate of -88.20% for current year and estimate for EPS growth in next year is 183.30%. In next quarter, company is expected to be making quarterly sales of $164.25 million as analysts are expecting the sales for current fiscal year at $644.5 million and seeing the company making $699.87 million in sales next year. Moreover, analysts are in estimates of $153.4 million for current-quarter revenue.
Currently, Azenta Inc.’s total number of outstanding shares is 69.11M with 1.80% of that held by the insiders while 108.87% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.80%. It has a 243.86 of forward P/E ratio. Stock’s beta reads 1.56. Stock has a price to book (P/B) ratio of 1.00 while price to sale or P/S ratio amounts to 4.59.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by 0.25% in the Azenta Inc. (AZTA) increasing its stake to 3.12% with control over 5450.0 shares in the company. As per SEC documents, iShares Core S&P Mid Cap ETF sought 2,156,374 of company’s common stock of worth $93.78 million as per recent closing price of the stock. iShares Core S&P Mid Cap ETF is not the only institutional holder which restructured its stake in Azenta Inc., as Vanguard Total Stock Market ETF picked 2,140,452 shares of worth $93.09 million to bring its holdings to a total of 886.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 1.81 million or 2.62% of the company’s stake having worth of about 78.63 million.
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