The stock price of A2Z Smart Technologies Corp. (NASDAQ: AZ) has dropped by -20.71 compared to previous close of 0.58. Despite this, the company has seen a fall of -34.30% in its stock price over the last five trading days. Accesswire reported 2024-03-05 that Emerging Growth Conference on March 6 iAccess Alpha Best Ideas Spring Virtual Conference on March 12 TEL AVIV, ISRAEL / ACCESSWIRE / March 5, 2024 / A2Z Smart Technologies Corp. (“A2Z” or the “Company”) (Nasdaq:AZ)(TSXV:AZ)($AZ), a global leader in innovative technology solutions, today announced that management will be present at upcoming conferences in March: Emerging Growth Conference at 10:50 a.m. Eastern Time on Wednesday, March 6, 2024 The Emerging Growth Conference is a live, interactive online event that gives existing shareholders and the investment community the opportunity to interact with company representatives in real time.
Is It Worth Investing in A2Z Smart Technologies Corp. (NASDAQ: AZ) Right Now?
Additionally, the 36-month beta value for AZ is 2.14. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AZ is 24.92M and currently, short sellers hold a 0.35% ratio of that float. The average trading volume of AZ on March 27, 2024 was 81.02K shares.
AZ’s Market Performance
The stock of A2Z Smart Technologies Corp. (AZ) has seen a -34.30% decrease in the past week, with a -60.35% drop in the past month, and a -66.91% fall in the past quarter. The volatility ratio for the week is 18.66%, and the volatility levels for the past 30 days are at 16.31% for AZ. The simple moving average for the past 20 days is -50.61% for AZ’s stock, with a -71.18% simple moving average for the past 200 days.
Analysts’ Opinion of AZ
Many brokerage firms have already submitted their reports for AZ stocks, with The Benchmark Company repeating the rating for AZ by listing it as a “Buy.” The predicted price for AZ in the upcoming period, according to The Benchmark Company is $18 based on the research report published on January 20, 2022 of the previous year 2022.
AZ Trading at -57.37% from the 50-Day Moving Average
After a stumble in the market that brought AZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.87% of loss for the given period.
Volatility was left at 16.31%, however, over the last 30 days, the volatility rate increased by 18.66%, as shares sank -60.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.00% lower at present.
During the last 5 trading sessions, AZ fell by -34.30%, which changed the moving average for the period of 200-days by -77.62% in comparison to the 20-day moving average, which settled at $0.8962. In addition, A2Z Smart Technologies Corp. saw -66.43% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AZ
Current profitability levels for the company are sitting at:
- -1.37 for the present operating margin
- 0.21 for the gross margin
The net margin for A2Z Smart Technologies Corp. stands at -1.42. The total capital return value is set at -3.57. Equity return is now at value -378.66, with -180.89 for asset returns.
Based on A2Z Smart Technologies Corp. (AZ), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at -5.45. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is -55.62.
Currently, EBITDA for the company is -16.69 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 4.67for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
In conclusion, A2Z Smart Technologies Corp. (AZ) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
