As of Wednesday close, The AZEK Company Inc.’s (NYSE:AZEK) stock was down -$0.91, moving down -2.67 percent to $33.15. The average number of shares traded per day over the past five days has been 2,020,920 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.09 fall in that time frame. In the last twenty days, the average volume was 1,713,460, while in the previous 50 days, it was 1,595,014.
Since last month, AZEK stock rose 7.49%. Shares of the company fell to $29.67 on 07/24/23, the lowest level in the past month. A 52-week high of $34.87 was reached on 08/15/23 after having rallying from a 52-week low of $15.12. Since the beginning of this year, AZEK’s stock price has risen by 63.14% or $12.83, and marked a new high 21 times. However, the stock has declined by -4.93% since its 52-week high.
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AZEK stock investors should be aware that The AZEK Company Inc. (AZEK) stock had its last reported insider trading activity 6 days ago on Aug 11. Skelly Jonathan, the Pres. Residential Segment of the company, disposed of 35,000 shares for $33.54 on Aug 11. It resulted in a $1,173,900 divestment by the insider. ONTARIO TEACHERS PENSION PLAN sold 4,886,250 shares at an average price of $25.70 on Jun 09. The insider now owns 1,389,740 shares following the transaction. On Jun 09, Director Ares Corporate Opportunities F sold 4,886,250 shares at $25.70 apiece. The transaction was valued at $125,576,625.
Valuation Metrics
Right now, The AZEK Company Inc. (AZEK) has a P/E ratio of about 243.75. The stock’s beta is 1.66. Besides these, the trailing price-to-sales (P/S) ratio of 3.84, the price-to-book (PB) ratio of 3.46, and the price-to-cash flow ratio of 26.98 may also be considered.
Financial Health
In the recent quarter, The AZEK Company Inc.’s quick ratio stood at 2.10, while its current ratio was 3.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.46, and the total debt-to-equity ratio was 0.46. On the profitability front, the trailing twelve-month gross margin is 28.00% percent. In the recent year, EBITDA margin amounted to 19.22%, whereas operating margins totaled 5.50%. Based on annual data, AZEK earned $409.32 million in gross profit and brought in $1.36 billion 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 4.70%. Return on equity (ROE) for the past 12 months was 1.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AZEK’s revenue fell -1.92% to $377.69 million during the quarter, while net income inched up to $387.55 million. During the quarter, the company generated $91.61 million in EBITDA. The liabilities of The AZEK Company Inc. were 921.05 million at the end of its most recent quarter, and its total debt was $686.2 million. The value of shareholders’ equity is $149.36 million.
Technical Picture
This quick technical analysis looks at The AZEK Company Inc.’s (AZEK) price momentum. With a historical volatility rate of 39.05%, the RSI 9-day stood at 58.13% on 16 August.
With respect to its five-day moving average, the current The AZEK Company Inc. price is down by -0.27% percent or -$0.09. At present, AZEK shares trade +7.70% above its 20-day simple moving average and +51.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +29.04% above its SMA50 and +89.21% above its SMA200.
Stochastic coefficient K was 79.96% and Stochastic coefficient D was 83.35%, while ATR was 1.16. Given the Stochastic reading of 61.09% for the 14-day period, the RSI (14) reading has been calculated as 60.14%. As of today, the MACD Oscillator reading stands at 1.05, while the 14-day reading stands at 1.58.
Analyst Ratings
Loop Capital upgraded its rating on The AZEK Company Inc. (NYSE: AZEK) to a Buy in a note to investors on April 24, 2023. The analysts firm previously had a Hold rating on the stock.The AZEK Company Inc. (AZEK) has been rated Overweight by analysts. According to 0 brokerage firms, AZEK is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate The AZEK Company Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $38.00, the current consensus forecast for the stock is $28.00 – $42.00. Based on these forecasts, analysts predict The AZEK Company Inc. (AZEK) will achieve an average price target of $36.74.
