In the past week, AZTA stock has gone down by -1.84%, with a monthly decline of -8.39% and a quarterly plunge of -19.42%. The volatility ratio for the week is 2.32%, and the volatility levels for the last 30 days are 2.47% for Azenta Inc The simple moving average for the last 20 days is -2.33% for AZTA’s stock, with a simple moving average of -8.84% for the last 200 days.
Is It Worth Investing in Azenta Inc (NASDAQ: AZTA) Right Now?
Moreover, the 36-month beta value for AZTA is 1.53. Analysts have varying opinions 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 AZTA is 54.69M and currently, short sellers hold a 8.31% of that float. On May 09, 2024, AZTA’s average trading volume was 456.22K shares.
AZTA) stock’s latest price update
Azenta Inc (NASDAQ: AZTA) has experienced a decline in its stock price by -4.56 compared to its previous closing price of 54.07. However, the company has seen a fall of -1.84% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-08 that Azenta, Inc. (NASDAQ:AZTA ) Q2 2024 Results Conference Call May 8, 2024 4:30 PM ET Company Participants Yvonne Perron – Vice President, FP&A and Investor Relations Steve Schwartz – President and Chief Executive Officer Herman Cueto – Chief Financial Officer Conference Call Participants David Saxon – Needham Hannah Hefley – Stephens Vijay Kumar – Evercore ISI Yuan Zhi – B. Riley Matt Stanton – Jefferies Operator Greetings, and welcome to the Azenta Second Quarter 2024 Financial Results.
Analysts’ Opinion of AZTA
Many brokerage firms have already submitted their reports for AZTA stocks, with Jefferies repeating the rating for AZTA by listing it as a “Hold.” The predicted price for AZTA in the upcoming period, according to Jefferies is $64 based on the research report published on April 04, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see AZTA reach a price target of $79, previously predicting the price at $61. The rating they have provided for AZTA stocks is “Buy” according to the report published on February 01st, 2024.
AZTA Trading at -10.69% from the 50-Day Moving Average
After a stumble in the market that brought AZTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.38% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares sank -7.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.10% lower at present.
During the last 5 trading sessions, AZTA fell by -0.88%, which changed the moving average for the period of 200-days by +12.15% in comparison to the 20-day moving average, which settled at $52.62. In addition, Azenta Inc saw -20.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AZTA starting from Gray David C, who sale 10,877 shares at the price of $56.03 back on Aug 11 ’23. After this action, Gray David C now owns 77,042 shares of Azenta Inc, valued at $609,438 using the latest closing price.
Gray David C, the Chief Strategy & New Business of Azenta Inc, sale 4,311 shares at $57.24 during a trade that took place back on Aug 10 ’23, which means that Gray David C is holding 87,919 shares at $246,762 based on the most recent closing price.
Stock Fundamentals for AZTA
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.39 for the gross margin
The net margin for Azenta Inc stands at -0.02. The total capital return value is set at -0.03. Equity return is now at value -5.95, with -5.24 for asset returns.
Based on Azenta Inc (AZTA), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 0.89. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 2041.02.
Currently, EBITDA for the company is 41.18 million with net debt to EBITDA at -58.49. When we switch over and look at the enterprise to sales, we see a ratio of 3.45. The receivables turnover for the company is 4.11for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.86.
Conclusion
To wrap up, the performance of Azenta Inc (AZTA) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
