The stock of Azul S.A. (NYSE:AZUL) increased by $1.11 on Wednesday to $9.38, up 13.41 percent. The last five days have seen an average of 1,421,829 shares of common stock traded. 26 times new highs were reached in the current year, with a gain of $3.26. The average number of shares traded over the last 20 days was 1,240,757, while the average volume over the last 50 days totaled 1,457,251.
AZUL stock dropped -0.12% since last month. On 09/15/23, the company’s shares reached a one-month low of $7.86. The stock touched a high of $13.86 on 07/03/23, after rallying from a low of $3.82 in 52 weeks. The price of AZUL stock has risen by 53.50% or $3.26 this year, reaching a new high 26 times. Still, the stock price is down -32.36% from the 52-week high.
Financial Health
For the three months ended June 29, Azul S.A.’s quick ratio was 0.20, while its current ratio was 0.30, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 49.30% percent. Azul S.A.’s EBITDA margin for the year ended June 29 was 16.75%, whereas its operating margin stood at 13.00% for the same period. Based on annual data, it had gross profit of $1.32 billion and revenue of $3.09 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AZUL’s return on assets (ROA) during the last 12 months has been -3.20%. There was a 33.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.00%.
Earnings Surprise
According to Azul S.A.’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 $3.03 billion, while revenues rose by 37.45% to $0.0. It was predicted that Azul S.A.’s quarterly earnings would be -$0.81, but it ended up being -$0.6, beating the consensus by -35.00%. EBITDA was $251.63 million for the quarter. At the end of Azul S.A.’s most recent quarter ended June 29, its liabilities totaled 7.43 billion, while its total debt was $22.22 billion.
Technical Picture
Here’s a quick look at Azul S.A.’s (AZUL) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 62.19%, suggesting the stock is Neutral, with a 72.37% historical volatility rate.
The stochastic %K and %D were 53.81% and 36.09% respectively, while the average true range (ATR) was 0.50. Based on the 14-day stochastic reading of 88.30%, the RSI (14) reading is 54.34%. On the 9-day MACD Oscillator, the stock is at 0.35, and the 14-day reading is at 0.31.
Analyst Ratings
In its most recent analyst report, Goldman raised its rating on Azul S.A. (NYSE: AZUL) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Azul S.A. (AZUL) an Overweight rating. AZUL is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 6 others recommend it as a buy.
What is AZUL’s price target for the next 12 months?
The current consensus forecast for the stock is between $41.10 and $94.41, with a median target price of $72.00. In analyzing these forecasts, the average price target given by analysts for Azul S.A. (AZUL) is $69.43.
