Azenta Inc. (NASDAQ:AZTA) saw an upside of 0.93% to close Friday at $55.29 after adding $0.51 on the day. The 5-day average trading volume is 806,760 shares of the company’s common stock. It has gained $57.40 in the past week and touched a new high 2 times within the past 5 days. An average of 929,400 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,072,278.
AZTA’s 1-month performance is 25.43% or $10.59 on its low of $43.58 reached on 07/21/23. The company’s shares have touched a 52-week low of $36.01 and high of $63.60, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, AZTA has lost -5.03% or -$2.93 and has reached a new high 6 times. However, the current price is down -13.07% from the 52-week high price.
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Insider Transactions
AZTA stock investors last saw insider trading activity on Aug 11.Gray David C (Chief Strategy & New Business) most recently sold 10,877 shares at $56.03 per share on Aug 11. This transaction cost the insider $609,438. Chief Strategy & New Business, Gray David C, sold 4,311 shares at a price of $57.24 on Aug 10. Then, on Jun 06, Director MARTIN JOSEPH R sold 2,400 shares at a price of $43.07 per share. This transaction amounted to $103,368.
Valuation Metrics
AZTA stock has a beta of 1.46. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.23 while the price-to-book (PB) in the most recent quarter is 1.29.
Azenta Inc.’s quick ratio for the period ended June 29 was 6.70, with the current ratio over the same period at 7.40. In terms of profitability, the gross margin trailing 12 months is 40.20%. The trailing 12-month EBITDA margin is 5.34% while for the period ending June 29, Azenta Inc.’s operating margin was -11.30%. The firm’s gross profit as reported stood at $255.58 million against revenue of $555.5 million.
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 -551.02% to -$1.47 million, while revenue of -$4.93 million was -235.37% off the previous quarter. Analysts expected AZTA to announce -$0.02 per share in earnings in its latest quarter, but it posted $0.13, representing a 750.00% surprise. EBITDA for the quarter stood at more than $3.81 million. AZTA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 345.92 million, with total debt at $72.61 million. Shareholders hold equity totaling $60.15 million.
Let’s look briefly at Azenta Inc. (AZTA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 65.75% to suggest the stock is trending Neutral, with historical volatility in this time period at 97.50%.
The stock’s 5-day moving average is $55.65, reflecting a -1.53% or -$0.86 change from its current price. AZTA is currently trading +20.85% above its 20-day SMA, +30.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +20.25% and SMA200 by+24.53%.
Stochastic %K and %D was 62.83% and 65.96% and the average true range (ATR) pointed at 2.13. The RSI (14) points at 65.30%, while the 14-day stochastic is at 64.20% with the period’s ATR at 2.05. The stock’s 9-day MACD Oscillator is pointing at -0.03 and 2.96 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Azenta Inc. (NASDAQ: AZTA), Raymond James launched coverage with a Mkt perform rating. Analysts offering their rating for AZTA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AZTA as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is AZTA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $55.00 and a high of $68.00, with their median price target at $58.00. Looking at these predictions, the average price target given by analysts is for Azenta Inc. (AZTA) stock is $59.75.
