Azenta Inc (AZTA) Stock Up 9.14%: Latest Performance Analysis

A share price of Azenta Inc [AZTA] is currently trading at $44.65, up 9.14%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AZTA shares have gain 0.31% over the last week, with a monthly amount glided 2.31%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Azenta Inc [NASDAQ: AZTA] stock has seen the most recent analyst activity on April 04, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $64. Previously, B. Riley Securities reaffirmed its Buy rating on February 01, 2024, and elevated its price target to $79. On July 19, 2023, Raymond James initiated with a Mkt Perform rating. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Stephens downgraded its rating to a Equal-Weight and reduced its price target to $60 on February 09, 2023. Evercore ISI downgraded its rating to In-line for this stock on January 03, 2023, and upped its price target to $62.

Azenta Inc experienced fluctuations in its stock price throughout the past year between $38.82 and $69.16. Currently, Wall Street analysts expect the stock to reach $68 within the next 12 months. Azenta Inc [NASDAQ: AZTA] shares were valued at $44.65 at the most recent close of the market. An investor can expect a potential return of 52.3% based on the average AZTA price forecast.

Analyzing the AZTA fundamentals

Trailing Twelve Months sales for Azenta Inc [NASDAQ:AZTA] were 656.32M which represents -1.33% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.07 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.

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 43.44 points at the first support level, and at 42.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.93, and for the 2nd resistance point, it is at 47.22.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Azenta Inc [NASDAQ:AZTA] is 4.07. In addition, the Quick Ratio stands at 3.50 and the Cash Ratio stands at 1.66. Considering the valuation of this stock, the price to sales ratio is 3.33, the price to book ratio is 1.15.

Transactions by insiders

Recent insider trading involved Marotta John, President and CEO, that happened on Nov 18 ’24 when 12717.0 shares were purchased. President and CEO, Marotta John completed a deal on Nov 19 ’24 to buy 1250.0 shares. Meanwhile, Director Cornog William L bought 12500.0 shares on Nov 18 ’24.

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