The stock of AZEK Company Inc (NYSE: AZEK) has decreased by -1.12 when compared to last closing price of 45.56.Despite this, the company has seen a gain of 3.23% in its stock price over the last five trading days. businesswire.com reported 2024-09-27 that CHICAGO–(BUSINESS WIRE)–The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading designer and manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK Trim®, and StruXure® pergolas, today announced the entry into a new credit agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent, and the lenders and financial instituti.
Is It Worth Investing in AZEK Company Inc (NYSE: AZEK) Right Now?
The price-to-earnings ratio for AZEK Company Inc (NYSE: AZEK) is 40.55x, which is above its average ratio. Moreover, the 36-month beta value for AZEK is 1.88. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for AZEK is 141.77M and currently, short sellers hold a 3.86% of that float. On October 16, 2024, AZEK’s average trading volume was 1.91M shares.
AZEK’s Market Performance
AZEK’s stock has seen a 3.23% increase for the week, with a 2.02% rise in the past month and a 2.11% gain in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 2.38% for AZEK Company Inc. The simple moving average for the past 20 days is -0.97% for AZEK’s stock, with a 1.83% simple moving average for the past 200 days.
Analysts’ Opinion of AZEK
Many brokerage firms have already submitted their reports for AZEK stocks, with Loop Capital repeating the rating for AZEK by listing it as a “Hold.” The predicted price for AZEK in the upcoming period, according to Loop Capital is $47 based on the research report published on October 04, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see AZEK reach a price target of $50, previously predicting the price at $53. The rating they have provided for AZEK stocks is “Market Perform” according to the report published on July 23rd, 2024.
DA Davidson gave a rating of “Neutral” to AZEK, setting the target price at $44 in the report published on July 03rd of the current year.
AZEK Trading at 4.50% 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 -11.28% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +0.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.82% upper at present.
During the last 5 trading sessions, AZEK rose by +3.23%, which changed the moving average for the period of 200-days by +16.56% in comparison to the 20-day moving average, which settled at $45.49. In addition, AZEK Company Inc saw 17.78% 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 Skelly Jonathan, who sale 19,022 shares at the price of $41.15 back on Aug 16 ’24. After this action, Skelly Jonathan now owns 189,974 shares of AZEK Company Inc, valued at $782,755 using the latest closing price.
Singh Jesse G, the CEO and President of AZEK Company Inc, sale 20,000 shares at $41.47 during a trade that took place back on Aug 15 ’24, which means that Singh Jesse G is holding 186,705 shares at $829,400 based on the most recent closing price.
Stock Fundamentals for AZEK
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.38 for the gross margin
The net margin for AZEK Company Inc stands at 0.11. The total capital return value is set at 0.11. Equity return is now at value 11.60, with 6.99 for asset returns.
Based on AZEK Company Inc (AZEK), the company’s capital structure generated 0.3 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 0.42. The interest coverage ratio of the stock is 5.19.
Currently, EBITDA for the company is 131.18 million with net debt to EBITDA at 1.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.63. The receivables turnover for the company is 21.92for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.07.
Conclusion
To wrap up, the performance of AZEK Company Inc (AZEK) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
