AZEK Company Inc (AZEK) Shares on the Rise: Short-term Analysis

AZEK Company Inc [AZEK] stock is trading at $45.55, up 4.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AZEK shares have gain 9.44% over the last week, with a monthly amount drifted -4.65%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

AZEK Company Inc [NYSE: AZEK] stock has seen the most recent analyst activity on July 03, 2024, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $44 from $57. Previously, The Benchmark Company started tracking the stock with Buy rating on April 19, 2024, and set its price target to $55. On December 12, 2023, Wolfe Research initiated with a Outperform rating and assigned a price target of $43 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $37 on December 08, 2023. Loop Capital upgraded its rating to a Buy and raised its price target to $33 on April 24, 2023. BofA Securities upgraded its rating to Buy for this stock on April 19, 2023, and upped its price target to $31. In a note dated January 30, 2023, BofA Securities downgraded an Neutral rating on this stock and boosted its target price from $20 to $25.

AZEK Company Inc [AZEK] stock has fluctuated between $25.03 and $50.78 over the past year. Currently, Wall Street analysts expect the stock to reach $37.69 within the next 12 months. AZEK Company Inc [NYSE: AZEK] shares were valued at $45.55 at the most recent close of the market. An investor can expect a potential drop of -17.26% based on the average AZEK price forecast.

Analyzing the AZEK fundamentals

AZEK Company Inc [NYSE:AZEK] reported sales of 1.44B for the trailing twelve months, which represents a growth of 10.78%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.11 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.49 points at the first support level, and at 43.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.10, and for the 2nd resistance point, it is at 46.66.

Ratios To Look Out For

For context, AZEK Company Inc’s Current Ratio is 3.40. Also, the Quick Ratio is 2.21, while the Cash Ratio stands at 1.26. Considering the valuation of this stock, the price to sales ratio is 4.62, the price to book ratio is 4.78 and price to earnings (TTM) ratio is 45.45.

Transactions by insiders

Recent insider trading involved Singh Jesse G, CEO and President, that happened on Jul 10 ’24 when 13000.0 shares were sold. CEO and President, Singh Jesse G completed a deal on Jun 18 ’24 to sell 20000.0 shares. Meanwhile, CEO and President Singh Jesse G sold 20000.0 shares on Jun 18 ’24.

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