AZEK Company Inc (NYSE: AZEK)’s stock price has gone rise by 0.35 in comparison to its previous close of 45.40, however, the company has experienced a 0.60% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that The latest trading day saw The AZEK Company (AZEK) settling at $45, representing a +0.63% change from its previous close.
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 57.34x compared to its average ratio. AZEK has 36-month beta value of 1.93. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AZEK is 142.85M, and currently, short sellers hold a 3.00% ratio of that float. The average trading volume of AZEK on April 26, 2024 was 1.56M shares.
AZEK’s Market Performance
The stock of AZEK Company Inc (AZEK) has seen a 0.60% increase in the past week, with a -8.07% drop in the past month, and a 20.37% gain in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 2.65% for AZEK.. The simple moving average for the past 20 days is -4.44% for AZEK’s stock, with a 24.66% simple moving average for the past 200 days.
Analysts’ Opinion of AZEK
Many brokerage firms have already submitted their reports for AZEK stocks, with The Benchmark Company repeating the rating for AZEK by listing it as a “Buy.” The predicted price for AZEK in the upcoming period, according to The Benchmark Company is $55 based on the research report published on April 19, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see AZEK reach a price target of $43. The rating they have provided for AZEK stocks is “Outperform” according to the report published on December 12th, 2023.
Deutsche Bank gave a rating of “Hold” to AZEK, setting the target price at $37 in the report published on December 08th of the previous year.
AZEK Trading at -4.48% 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 -10.28% of loss for the given period.
Volatility was left at 2.65%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares sank -8.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.41% upper at present.
During the last 5 trading sessions, AZEK rose by +0.60%, which changed the moving average for the period of 200-days by +52.32% in comparison to the 20-day moving average, which settled at $47.46. In addition, AZEK Company Inc saw 19.11% 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 $48.30 back on Apr 10 ’24. After this action, Singh Jesse G now owns 1,083,444 shares of AZEK Company Inc, valued at $627,958 using the latest closing price.
Singh Jesse G, the CEO and President of AZEK Company Inc, sale 13,000 shares at $47.76 during a trade that took place back on Mar 11 ’24, which means that Singh Jesse G is holding 1,096,444 shares at $620,880 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 5.06. 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
To put it simply, AZEK Company Inc (AZEK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
