Find Out How Azenta Inc. (AZTA) Insiders Are Trading Their Stock?


As of Friday close, Azenta Inc.’s (NASDAQ:AZTA) stock was down -$0.48, moving down -1.20 percent to $39.51. The average number of shares traded per day over the past five days has been 1,845,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.24 fall in that time frame. In the last twenty days, the average volume was 1,220,800, while in the previous 50 days, it was 1,129,644.

Since last month, AZTA stock retreated -15.58%. Shares of the company fell to $38.10 on 03/17/23, the lowest level in the past month. A 52-week high of $89.20 was reached on 01/11/23 after having rallying from a 52-week low of $37.61. Since the beginning of this year, AZTA’s stock price has dropped by -32.14% or -$18.71, and marked a new high 6 times. However, the stock has declined by -55.71% since its 52-week high.

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AZTA stock investors should be aware that Azenta Inc. (AZTA) stock had its last reported insider trading activity 211 days ago on Aug 19. McManus Matthew, the EVP & Chief Operating Officer of the company, purchased of 8,625 shares for $58.15 on Aug 19. It resulted in a $501,544 investment by the insider. Robertson Lindon G added 4,350 shares at an average price of $57.62 on Aug 19. The insider now owns 100,571 shares following the transaction. On Apr 12, SVP, Chief HR Officer Crowley Kimberly sold 132 shares at $78.02 apiece. The transaction was valued at $10,299.

Valuation Metrics

The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 4.75, the price-to-book (PB) ratio of 1.00.

Financial Health

In the three months ended December 30, Azenta Inc.’s quick ratio stood at 5.90, while its current ratio was 6.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.20% percent. In the year ended December 30, operating margins totaled -8.90%. Based on annual data, AZTA earned $255.58 million in gross profit and brought in $555.5 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.80%. Return on equity (ROE) for the past 12 months was 63.30%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AZTA’s revenue rose 100.0% to $277.22 million during the quarter, while net income inched up to $178.37 million. While analysts expected Azenta Inc. to report $0.08 quarterly earnings, the actual figure was $0.12 per share. During the quarter, the company generated -$10.61 million in EBITDA. The liabilities of Azenta Inc. were 421.03 million at the end of its most recent quarter ended December 30, and its total debt was $61.14 million. The value of shareholders’ equity is $69.1 million.

Technical Picture

This quick technical analysis looks at Azenta Inc.’s (AZTA) price momentum. With a historical volatility rate of 15.76%, the RSI 9-day stood at 17.85% on 17 March.

With respect to its five-day moving average, the current Azenta Inc. price is down by -3.04% percent or -$1.24. At present, AZTA shares trade -14.81% below its 20-day simple moving average and -5.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.42% below its SMA50 and -48.45% below its SMA200.

Stochastic coefficient K was 16.81% and Stochastic coefficient D was 15.82%, while ATR was 1.56. Given the Stochastic reading of 20.27% for the 14-day period, the RSI (14) reading has been calculated as 22.82%. As of today, the MACD Oscillator reading stands at -1.30, while the 14-day reading stands at -2.37.

Analyst Ratings

Azenta Inc. downgraded its rating on Azenta Inc. (NASDAQ: AZTA) to an Equal-weight in a note to investors on February 09, 2023. The analysts firm previously had an Overweight rating on the stock.Azenta Inc. (AZTA) has been rated Overweight by analysts. According to 0 brokerage firms, AZTA is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Azenta Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $68.00, the current consensus forecast for the stock is $57.00 – $70.00. Based on these forecasts, analysts predict Azenta Inc. (AZTA) will achieve an average price target of $64.60.


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