At the time of writing, Azenta Inc [AZTA] stock is trading at $46.97, down -0.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The AZTA shares have gain 3.05% over the last week, with a monthly amount glided 13.95%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Azenta Inc fluctuated 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 $46.97 at the most recent close of the market. An investor can expect a potential return of 44.77% based on the average AZTA price forecast.
Analyzing the AZTA fundamentals
According to Azenta Inc [NASDAQ:AZTA], the company’s sales were 656.32M for trailing twelve months, which represents an -1.33% plunge. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.08 and Total Capital is -0.04.
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 45.83 points at the first support level, and at 44.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.60, and for the 2nd resistance point, it is at 48.24.
Ratios To Look Out For
It is important to note that Azenta Inc [NASDAQ:AZTA] has a current ratio of 4.07. On the other hand, the Quick Ratio is 3.50, and the Cash Ratio is 1.52. Considering the valuation of this stock, the price to sales ratio is 3.26, the price to book ratio is 1.21.
Transactions by insiders
Recent insider trading involved Pirogova Olga, SVP and CHRO, that happened on Nov 19 ’24 when 548.0 shares were sold. VP, Chief Accounting Officer, Hughes Violetta completed a deal on Nov 19 ’24 to sell 163.0 shares. Meanwhile, SVP and General Manager, Genom Zhou Ginger sold 491.0 shares on Nov 19 ’24.
