AZEK Company Inc (NYSE:AZEK) finished Wednesday with a subtraction of -$0.4 to close at $29.20, a downside of -1.35 percent. An average of 1,546,700 shares of common stock have been traded in the last five days. There was a fall of -$1.43 in the past week, and it reached a new high 32 times over the past 12 months. The last 20 days have seen an average of 1,525,350 shares traded, while the 50-day average volume stands at 1,614,200.
AZEK stock has decreased by -9.01% in the last month. The company shares reached their 1-month lowest point of $29.09 on 09/27/23. With the stock rallying to its 52-week high on 09/01/23, shares of the company touched a low of $15.12 and a high of $34.96 in 52 weeks. It has reached a new high 22 times so far this year and achieved 43.70% or $8.88 in price. In spite of this, the price is down -16.46% from the 52-week high.
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Insider Transactions
AZEK stock investors should be aware that AZEK Company Inc (AZEK) stock had its last reported insider trading activity 17 days ago on Sep 11. In this transaction, the insider spent $424,580. CEO and President, Singh Jesse G, disposed of 30,000 shares at a price of $32.86 on Sep 07. The insider now owns more than $985,800 worth of shares. Prior to that, CEO and President Singh Jesse G went on to Sale 30,000 shares at $33.32 each on Sep 06. An amount of $999,600 was transacted.
Valuation Metrics
AZEK Company Inc (AZEK) has a trailing price-to-earnings (P/E) ratio of 215.18. The stock’s beta is 1.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.39, the price-to-book (PB) ratio at 3.03, and the price-to-cash flow ratio at 23.62.
Financial Health
The quick ratio of AZEK Company Inc for the three months ended June 29 was 2.08, and the current ratio was 3.41, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.48 for the quarter ending June 29. AZEK Company Inc’s EBITDA margin for the year ending June 29 is 19.22%, while its operating margin for the same period stands at 6.11%. Its gross profit as reported stood at $409.32 million compared to revenue of $1.36 billion.
Earnings Surprise
For the three-month period that ended June 29, AZEK Company Inc had $581.42 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $34.88 million in the quarter, while revenues of $16.27 million were grew 21.22%. The analyst consensus anticipated AZEK Company Inc’s latest quarter earnings to come in at $0.25 per share, but it turned out to be $0.3, a 20.00% surprise. For the quarter, EBITDA amounted to $91.61 million. Shareholders own equity worth $149.36 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at AZEK Company Inc (AZEK) price momentum. RSI 9-day as of the close on 27 September was 22.28%, suggesting the stock is oversold, with historical volatility in this time frame at 18.74%.
As of today, AZEK’s price is $29.91 -4.67% or -$1.43 from its 5-day moving average. AZEK is currently trading -12.42% lower than its 20-day SMA and +10.94% higher than its 100-day SMA. However, the stock’s current price level is -5.32% below the SMA50 and +50.83% above the SMA200.
The stochastic %K and %D were 5.60% and 7.18%, respectively, and the average true range (ATR) was 0.86. With the 14-day stochastic at 2.60% and the average true range at 0.89, the RSI (14) stands at 31.16%. The stock has reached -0.57 on the 9-day MACD Oscillator while the 14-day reading was at -1.25.
Analyst Ratings
Loop Capital upgraded AZEK Company Inc (NYSE: AZEK) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for AZEK Company Inc (AZEK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AZEK, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 14 others rate it as a “buy”.
What is AZEK’s price target for the next 12 months?
Analysts predict a range of price targets between $34.00 and $42.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for AZEK Company Inc (AZEK) stock is $37.89.
