The stock of AZEK Company Inc (NYSE: AZEK) has decreased by -0.71 when compared to last closing price of 42.53.Despite this, the company has seen a loss of -4.87% in its stock price over the last five trading days. businesswire.com reported 2024-10-21 that CHICAGO–(BUSINESS WIRE)–The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® Decking and Railing, Versatex® and AZEK Trim®, and StruXure® pergolas, has appointed Rakesh Mohan as the Company’s Chief Digital & Technology Officer (CDTO). As a member of AZEK’s leadership team, Mohan will lead the advancement of the Company’s technology capabil.
Is It Worth Investing in AZEK Company Inc (NYSE: AZEK) Right Now?
The price-to-earnings ratio for AZEK Company Inc (NYSE: AZEK) is above average at 38.01x, Company’s 36-month beta value is 1.88.Analysts have differing 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% ratio of that floaft. The average trading volume of AZEK on October 24, 2024 was 1.80M shares.
AZEK’s Market Performance
The stock of AZEK Company Inc (AZEK) has seen a -4.87% decrease in the past week, with a -9.67% drop in the past month, and a -1.77% fall in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.28% for AZEK. The simple moving average for the last 20 days is -5.36% for AZEK’s stock, with a simple moving average of -4.97% for the last 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 -3.16% 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 -16.84% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares sank -7.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.57% upper at present.
During the last 5 trading sessions, AZEK fell by -4.87%, which changed the moving average for the period of 200-days by +13.89% in comparison to the 20-day moving average, which settled at $44.62. In addition, AZEK Company Inc saw 10.41% 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 4.35. 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
In a nutshell, AZEK Company Inc (AZEK) has experienced a mixed performance in recent times. The stock has received mixed “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.
