The stock of The AZEK Company Inc. (NYSE:AZEK) increased by $0.71 on Friday to finish at $34.23, up 2.12 percent. The last five days have seen an average of 2,274,869 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $13.86. The average number of shares traded over the last 20 days was 1,570,937, while the average volume over the last 50 days totaled 1,549,239.
AZEK stock appreciated 11.28% since last month. On 07/24/23, the company’s shares reached a one-month low of $29.67. The stock touched a high of $34.56 on 08/10/23, after rallying from a low of $15.12 in 52 weeks. The price of AZEK stock has risen by 68.45% or $13.86 this year, reaching a new high 19 times. Still, the stock price is down -0.95% from the 52-week high.
Insider Transactions
AZEK stock investors should be aware that The AZEK Company Inc. (AZEK) stock had its last reported insider trading activity 66 days ago on Jun 09. On Jun 09, Director ONTARIO TEACHERS PENSION PLAN sold 4,886,250 shares at $25.70 each. This transaction resulted in the insider making $125,576,625. On Jun 09, Ares Corporate Opportunities F sold 4,886,250 shares at a price of US$25.70. After the transaction, the insider now owns 1,389,840 shares. Pres. Residential Segment Skelly Jonathan had earlier sold 10,000 shares on Jun 07 for $26.94 a share. The transaction was completed for $269,400.
Valuation Metrics
The AZEK Company Inc. (AZEK) has a trailing price-to-earnings (P/E) ratio of 251.69. Beta for the stock is 1.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.97, the price-to-book (PB) ratio of 3.57, and the price-to-cash flow ratio of 27.86.
Financial Health
For the three months ended June 29, The AZEK Company Inc.’s quick ratio was 2.10, while its current ratio was 3.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.46, and the total debt to equity ratio is 0.46. As far as profitability goes, gross margin for the trailing twelve months is 28.00% percent. The AZEK Company Inc.’s EBITDA margin for the year ended June 29 was 19.22%, whereas its operating margin stood at 5.50% for the same period. Based on annual data, it had gross profit of $409.32 million and revenue of $1.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AZEK’s return on assets (ROA) during the last 12 months has been 0.90%. There was a 4.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.40%.
Earnings Surprise
According to The AZEK Company Inc.’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 $387.55 million, while revenues fell by -1.92% to $377.69 million. It was predicted that The AZEK Company Inc.’s quarterly earnings would be $0.3, but it ended up being $0.25. EBITDA was $91.61 million for the quarter. At the end of The AZEK Company Inc.’s most recent quarter ended June 29, its liabilities totaled 921.05 million, while its total debt was $686.2 million. Equity owned by shareholders amounts to $149.36 million.
Technical Picture
Here’s a quick look at The AZEK Company Inc.’s (AZEK) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 74.74%, suggesting the stock is Overbought, with a 39.66% historical volatility rate.
The stochastic %K and %D were 82.34% and 77.31% respectively, while the average true range (ATR) was 1.13. Based on the 14-day stochastic reading of 91.06%, the RSI (14) reading is 70.73%. On the 9-day MACD Oscillator, the stock is at 1.37, and the 14-day reading is at 1.76.
Analyst Ratings
In its most recent analyst report, Loop Capital raised its rating on The AZEK Company Inc. (NYSE: AZEK) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned The AZEK Company Inc. (AZEK) an Overweight rating. AZEK is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.
What is AZEK’s price target for the next 12 months?
The current consensus forecast for the stock is between $28.00 and $42.00, with a median target price of $38.00. In analyzing these forecasts, the average price target given by analysts for The AZEK Company Inc. (AZEK) is $36.74.
