The AZEK Company Inc. (NYSE:AZEK) saw an upside of 5.51% to $32.98 after adding $1.72 on Wednesday. The 5-day average trading volume is 1,855,078 shares of the company’s common stock. It has gained $34.23 in the past week and touched a new high 2 times within the past 5 days. An average of 1,407,724 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,535,292.
AZEK’s 1-month performance is 10.27% or $4.73 on its low of $28.38 reached on 07/10/23. The company’s shares have touched a 52-week low of $15.12 and high of $32.38, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, AZEK has achieved 62.31% or $13.00 and has reached a new high 18 times. However, the current price is up 1.86% from the 52-week high price.
Insider Transactions
AZEK stock investors last saw insider trading activity on Jun 09.ONTARIO TEACHERS PENSION PLAN (Director) most recently sold 4,886,250 shares at $25.70 per share on Jun 09. This transaction cost the insider $125,576,625. Director, Ares Corporate Opportunities F, sold 4,886,250 shares at a price of $25.70 on Jun 09. Then, on Jun 07, Pres. Residential Segment Skelly Jonathan sold 10,000 shares at a price of $26.94 per share. This transaction amounted to $269,400.
Valuation Metrics
AZEK stock has a beta of 1.72. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.80 while the price-to-book (PB) in the most recent quarter is 3.46, with the price to cash flow ratio at 37.53.
The AZEK Company Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 3.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.46, while the total debt to equity was 0.47. In terms of profitability, the gross margin trailing 12 months is 27.40%. The trailing 12-month EBITDA margin is 19.22% while for the period ending June 29, The AZEK Company Inc.’s operating margin was 4.60%. The firm’s gross profit as reported stood at $409.32 million against revenue of $1.36 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -120.16% to $16.27 million, while revenue of -$25.84 million was 258.82% off the previous quarter. Analysts expected AZEK to announce $0.25 per share in earnings in its latest quarter, but it posted $0.3, representing a 20.00% surprise. EBITDA for the quarter stood at more than $65.35 million. Shareholders hold equity totaling $150.93 million.
Let’s look briefly at The AZEK Company Inc. (AZEK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 69.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.63%.
The stock’s 5-day moving average is $31.61, reflecting a +4.19% or $1.34 change from its current price. AZEK is currently trading +8.53% above its 20-day SMA, +50.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +39.36% and SMA200 by+118.92%.
Stochastic %K and %D was 68.99% and 61.74% and the average true range (ATR) pointed at 1.15. The RSI (14) points at 67.17%, while the 14-day stochastic is at 80.04% with the period’s ATR at 1.05. The stock’s 9-day MACD Oscillator is pointing at 0.43 and 0.83 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The AZEK Company Inc. (NYSE: AZEK), Loop Capital upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for AZEK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AZEK as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.
What is AZEK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.00 and a high of $39.00, with their median price target at $32.50. Looking at these predictions, the average price target given by analysts is for The AZEK Company Inc. (AZEK) stock is $32.55.
