The stock price of AZEK Company Inc (NYSE: AZEK) has plunged by -3.77 when compared to previous closing price of 49.83, but the company has seen a -2.34% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that The Zacks Building Products – Air Conditioner & Heating industry stocks like FIX and AZEK are likely to gain from an improved residential and non-residential market, pro-environmental moves and technological development.
Is It Worth Investing in AZEK Company Inc (NYSE: AZEK) Right Now?
AZEK Company Inc (NYSE: AZEK) has a higher price-to-earnings ratio of 60.35x compared to its average ratio, The 36-month beta value for AZEK is at 1.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AZEK is 142.83M, and currently, shorts hold a 3.02% of that float. The average trading volume for AZEK on April 11, 2024 was 1.54M shares.
AZEK’s Market Performance
AZEK stock saw an increase of -2.34% in the past week, with a monthly gain of 0.42% and a quarterly increase of 29.56%. The volatility ratio for the week is 2.65%, and the volatility levels for the last 30 days are 2.06% for AZEK Company Inc (AZEK). The simple moving average for the past 20 days is -2.32% for AZEK’s stock, with a 34.65% simple moving average for the past 200 days.
Analysts’ Opinion of AZEK
Many brokerage firms have already submitted their reports for AZEK stocks, with Wolfe Research repeating the rating for AZEK by listing it as a “Outperform.” The predicted price for AZEK in the upcoming period, according to Wolfe Research is $43 based on the research report published on December 12, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see AZEK reach a price target of $37, previously predicting the price at $38. The rating they have provided for AZEK stocks is “Hold” according to the report published on December 08th, 2023.
Loop Capital gave a rating of “Buy” to AZEK, setting the target price at $33 in the report published on April 24th of the previous year.
AZEK Trading at 2.67% from the 50-Day Moving Average
After a stumble in the market that brought AZEK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.57% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares sank -0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.98% upper at present.
During the last 5 trading sessions, AZEK fell by -2.34%, which changed the moving average for the period of 200-days by +73.29% in comparison to the 20-day moving average, which settled at $49.07. In addition, AZEK Company Inc saw 25.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AZEK starting from Singh Jesse G, who sale 13,000 shares at the price of $47.76 back on Mar 11 ’24. After this action, Singh Jesse G now owns 1,096,444 shares of AZEK Company Inc, valued at $620,880 using the latest closing price.
Kasson Michelle A, the CIO of AZEK Company Inc, sale 94,431 shares at $49.47 during a trade that took place back on Mar 07 ’24, which means that Kasson Michelle A is holding 23,544 shares at $4,671,502 based on the most recent closing price.
Stock Fundamentals for AZEK
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.35 for the gross margin
The net margin for AZEK Company Inc stands at 0.09. The total capital return value is set at 0.08. Equity return is now at value 8.62, with 5.15 for asset returns.
Based on AZEK Company Inc (AZEK), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 4.07.
Currently, EBITDA for the company is 131.18 million with net debt to EBITDA at 1.5. When we switch over and look at the enterprise to sales, we see a ratio of 5.31. The receivables turnover for the company is 43.04for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.99.
Conclusion
In conclusion, AZEK Company Inc (AZEK) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
