The AZEK Company Inc. (AZEK): Here Are Some Research Recommendations

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The AZEK Company Inc. (NYSE:AZEK) traded with a subtraction of -$0.24 to $17.21 on Thursday, a downside of -1.38 percent. An average of 1,194,780 shares of common stock have been traded in the last five days. There was a fall of -$1.02 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,644,795 shares traded, while the 50-day average volume stands at 1,813,418.

AZEK stock has decreased by -11.15% in the last month. The company shares reached their 1-month lowest point of $17.08 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $15.52 and a high of $46.56 in 52 weeks. It has reached a new high 2 times so far this year and lost -62.26% or -$29.14 in price. In spite of this, the price is down -63.04% from the 52-week high.


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Insider Transactions

269 days have passed since The AZEK Company Inc. (AZEK) last reported insider trading activity. VanWinter Scott, who is Pres. Commercial Segment, most recently acquired $20,000 shares at $45.22 per share on Dec 27. In this transaction, the insider spent $904,400. Pres. Residential Segment, Ochoa Joe, disposed of 15,000 shares at a price of $43.31 on Dec 16. The insider now owns more than $649,650 worth of shares. Prior to that, Pres. Residential Segment Ochoa Joe went on to Sale 30,000 shares at $42.02 each on Dec 10. An amount of $1,260,600 was transacted.

Valuation Metrics

The AZEK Company Inc. (AZEK) has a trailing price-to-earnings (P/E) ratio of 22.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.92, the price-to-book (PB) ratio at 1.83.

Financial Health

The quick ratio of The AZEK Company Inc. for the three months ended March 30 was 1.40, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.44 and a total debt to equity ratio of 0.45 for the quarter ending March 30. Its gross profit as reported stood at $389.95 million compared to revenue of $1.18 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The AZEK Company Inc.’s return on assets was 5.20%.

Earnings Surprise

For the three-month period that ended March 30, The AZEK Company Inc. had $586.03 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $27.48 million in the quarter, while revenues of $35.82 million were grew 20.78%. The analyst consensus anticipated The AZEK Company Inc.’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.33, a 10.00% surprise. For the quarter, EBITDA amounted to $77.26 million. Shareholders own equity worth $152.14 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The AZEK Company Inc. (AZEK) price momentum. RSI 9-day as of the close on 21 September was 31.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.46%.

As of today, AZEK’s price is $17.64 -5.63% or -$1.02 from its 5-day moving average. AZEK is currently trading -13.24% lower than its 20-day SMA and -19.49% lower than its 100-day SMA. However, the stock’s current price level is -4.09% below the SMA50 and -56.84% below the SMA200.

The stochastic %K and %D were 4.92% and 11.16%, respectively, and the average true range (ATR) was 0.80. With the 14-day stochastic at 0.59% and the average true range at 0.84, the RSI (14) stands at 36.01%. The stock has reached -0.71 on the 9-day MACD Oscillator while the 14-day reading was at -0.94.

Analyst Ratings

Deutsche Bank launched coverage on The AZEK Company Inc. (NYSE: AZEK) in its analyst report released on August 18, 2022. The firm assigned the stock a Buy rating.

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