As of Thursday close, The AZEK Company Inc.’s (NYSE:AZEK) stock was down -$0.52, moving down -1.70 percent to $30.11. The average number of shares traded per day over the past five days has been 1,924,260 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.58 fall in that time frame. In the last twenty days, the average volume was 1,407,280, while in the previous 50 days, it was 1,579,284.
Since last month, AZEK stock retreated -5.28%. Shares of the company fell to $29.87 on 09/21/23, the lowest level in the past month. A 52-week high of $34.96 was reached on 09/01/23 after having rallying from a 52-week low of $15.12. Since the beginning of this year, AZEK’s stock price has risen by 48.18% or $9.79, and marked a new high 22 times. However, the stock has declined by -13.86% 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 11 days ago on Sep 11. Singh Jesse G, the CEO and President of the company, disposed of 13,000 shares for $32.66 on Sep 11. It resulted in a $424,580 divestment by the insider. Singh Jesse G sold 30,000 shares at an average price of $32.86 on Sep 07. The insider now owns 206,705 shares following the transaction. On Sep 06, CEO and President Singh Jesse G sold 30,000 shares at $33.32 apiece. The transaction was valued at $999,600.
Valuation Metrics
Right now, The AZEK Company Inc. (AZEK) has a P/E ratio of about 221.40. The stock’s beta is 1.71. Besides these, the trailing price-to-sales (P/S) ratio of 3.60, the price-to-book (PB) ratio of 3.14, and the price-to-cash flow ratio of 25.28 may also be considered.
Financial Health
In the three months ended June 29, 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 quarter ending June 29 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 year ended June 29, 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%.
In The AZEK Company Inc.’s quarter-end financial report for June 29, it reported total debt of $581.42 million. 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. While analysts expected The AZEK Company Inc. to report $0.25 quarterly earnings, the actual figure was $0.3 per share. 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 ended June 29, 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 18.36%, the RSI 9-day stood at 25.75% on 21 September.
With respect to its five-day moving average, the current The AZEK Company Inc. price is down by -4.99% percent or -$1.58. At present, AZEK shares trade -7.21% below its 20-day simple moving average and +10.94% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.92% below its SMA50 and +49.43% above its SMA200.
Stochastic coefficient K was 8.80% and Stochastic coefficient D was 11.20%, while ATR was 0.88. Given the Stochastic reading of 4.72% for the 14-day period, the RSI (14) reading has been calculated as 35.24%. As of today, the MACD Oscillator reading stands at -0.76, while the 14-day reading stands at -1.52.
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 Buy by analysts. According to 0 brokerage firms, AZEK is a sell, and 2 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 $34.00 – $42.00. Based on these forecasts, analysts predict The AZEK Company Inc. (AZEK) will achieve an average price target of $37.89.
