While Azenta Inc has overperformed by 0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AZTA fell by -38.46%, with highs and lows ranging from $63.58 to $23.91, whereas the simple moving average fell by -24.30% in the last 200 days.
On December 18, 2024, Stephens Upgraded Azenta Inc (NASDAQ: AZTA) to Overweight. A report published by Jefferies on April 04, 2024, Initiated its previous ‘Hold’ rating for AZTA. B. Riley Securities also reiterated AZTA shares as ‘Buy’, quoting a target price of $79 on the company’s shares in a report dated February 01, 2024. KeyBanc Capital Markets May 10, 2023d its ‘Overweight’ rating to ‘Sector Weight’ for AZTA, as published in its report on May 10, 2023. Stephens’s report from February 09, 2023 suggests a price prediction of $60 for AZTA shares, giving the stock a ‘Equal-Weight’ rating. Evercore ISI also rated the stock as ‘In-line’.
Analysis of Azenta Inc (AZTA)
Further, the quarter-over-quarter decrease in sales is -9.88%, showing a negative trend in the upcoming months.
One of the most important indicators of Azenta Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -2.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.84, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and AZTA is recording 873.75K average volume. On a monthly basis, the volatility of the stock is set at 4.21%, whereas on a weekly basis, it is put at 4.31%, with a gain of 2.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $30.20, showing decline from the present price of $30.77, which can serve as yet another indication of whether AZTA is worth investing in or should be passed over.
How Do You Analyze Azenta Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.12%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 116.18% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AZTA shares are owned by institutional investors to the tune of 116.18% at present.
