The stock of AstraZeneca PLC (NASDAQ:AZN) increased by $0.42 on Friday to finish at $70.79, up 0.60 percent. The last five days have seen an average of 3,842,985 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $2.98. The average number of shares traded over the last 20 days was 5,303,551, while the average volume over the last 50 days totaled 5,573,765.
AZN stock appreciated 5.06% since last month. On 07/18/23, the company’s shares reached a one-month low of $66.58. The stock touched a high of $76.56 on 04/25/23, after rallying from a low of $52.65 in 52 weeks. The price of AZN stock has risen by 4.41% or $2.98 this year, reaching a new high 12 times. Still, the stock price is down -7.54% from the 52-week high.
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Valuation Metrics
AstraZeneca PLC (AZN) has a trailing price-to-earnings (P/E) ratio of 35.84. Beta for the stock is 0.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.98, the price-to-book (PB) ratio of 5.87, and the price-to-cash flow ratio of 33.73.
Company paid $0.4650 per share in dividends, a decrease of -52.79% from $0.9850 last year. A $0.52 dividend decrease was reported on Friday July 28 2023.
Financial Health
For the three months ended June 29, AstraZeneca PLC’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.67, and the total debt to equity ratio is 0.80. As far as profitability goes, gross margin for the trailing twelve months is 80.80% percent. AstraZeneca PLC’s EBITDA margin for the year ended June 29 was 23.26%, whereas its operating margin stood at 16.50% for the same period. Based on annual data, it had gross profit of $31.96 billion and revenue of $44.35 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AZN’s return on assets (ROA) during the last 12 months has been 6.40%. There was a 6.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.00%.
Earnings Surprise
According to AstraZeneca PLC’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $44.35 billion, while revenues rose by 15.63% to $0.0. It was predicted that AstraZeneca PLC’s quarterly earnings would be $1.08, but it ended up being $0.95, beating the consensus by 13.70%. EBITDA was $3.73 billion for the quarter. At the end of AstraZeneca PLC’s most recent quarter ended June 29, its liabilities totaled 59.13 billion, while its total debt was $30.79 billion.
Technical Picture
Here’s a quick look at AstraZeneca PLC’s (AZN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 56.97%, suggesting the stock is Neutral, with a 14.78% historical volatility rate.
The stochastic %K and %D were 60.22% and 63.34% respectively, while the average true range (ATR) was 1.14. Based on the 14-day stochastic reading of 67.38%, the RSI (14) reading is 54.47%. On the 9-day MACD Oscillator, the stock is at 0.19, and the 14-day reading is at 0.16.
Analyst Ratings
In its analyst report released on July 14, 2023, HSBC Securities began covering AstraZeneca PLC (NASDAQ: AZN). The stock was rated as a Buy by the brokerage firm. Analysts have assigned AstraZeneca PLC (AZN) an Buy rating. AZN is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 23 others recommend it as a buy.
What is AZN’s price target for the next 12 months?
The current consensus forecast for the stock is between $67.54 and $108.54, with a median target price of $83.63. In analyzing these forecasts, the average price target given by analysts for AstraZeneca PLC (AZN) is $85.37.
