The stock of Azenta Inc. (NASDAQ:AZTA) decreased by -$0.16 on Friday to finish at $54.67, down -0.29 percent. The last five days have seen an average of 554,100 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$3.55. The average number of shares traded over the last 20 days was 891,260, while the average volume over the last 50 days totaled 1,052,446.
AZTA stock appreciated 18.38% since last month. On 08/02/23, the company’s shares reached a one-month low of $44.71. The stock touched a high of $63.60 on 01/11/23, after rallying from a low of $36.01 in 52 weeks. The price of AZTA stock has declined by -6.10% or -$3.55 this year, reaching a new high 6 times. Still, the stock price is down -14.04% from the 52-week high.
Insider Transactions
AZTA stock investors should be aware that Azenta Inc. (AZTA) stock had its last reported insider trading activity 17 days ago on Aug 11. On Aug 11, Chief Strategy & New Business Gray David C sold 10,877 shares at $56.03 each. This transaction resulted in the insider making $609,438. On Aug 10, Gray David C sold 4,311 shares at a price of US$57.24. After the transaction, the insider now owns 87,919 shares. Director MARTIN JOSEPH R had earlier sold 2,400 shares on Jun 06 for $43.07 a share. The transaction was completed for $103,368.
Valuation Metrics
Beta for the stock is 1.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.23, the price-to-book (PB) ratio of 1.27.
Financial Health
For the recent quarter, Azenta Inc.’s quick ratio was 6.70, while its current ratio was 7.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 40.20% percent. Azenta Inc.’s EBITDA margin for the recent year was 5.34%, whereas its operating margin stood at -11.30% for the same period. Based on annual data, it had gross profit of $255.58 million and revenue of $555.5 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AZTA’s return on assets (ROA) during the last 12 months has been -1.20%. There was a -0.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.30%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $165.01 million, while revenues rose by 19.56% to $148.4 million. EBITDA was $3.81 million for the quarter. At the end of Azenta Inc.’s most recent quarter, its liabilities totaled 345.92 million, while its total debt was $72.61 million. Equity owned by shareholders amounts to $60.15 million.
Technical Picture
Here’s a quick look at Azenta Inc.’s (AZTA) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 58.11%, suggesting the stock is Neutral, with a 22.34% historical volatility rate.
The stochastic %K and %D were 58.52% and 61.57% respectively, while the average true range (ATR) was 1.66. Based on the 14-day stochastic reading of 54.22%, the RSI (14) reading is 60.77%. On the 9-day MACD Oscillator, the stock is at -0.29, and the 14-day reading is at -0.06.
Analyst Ratings
In its analyst report released on July 19, 2023, Raymond James began covering Azenta Inc. (NASDAQ: AZTA). The stock was rated as a Mkt perform by the brokerage firm. Analysts have assigned Azenta Inc. (AZTA) an Overweight rating. AZTA 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, 0 rates it overweight and 2 others recommend it as a buy.
What is AZTA’s price target for the next 12 months?
The current consensus forecast for the stock is between $55.00 and $68.00, with a median target price of $58.00. In analyzing these forecasts, the average price target given by analysts for Azenta Inc. (AZTA) is $59.75.
