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AZEK Company Inc (AZEK) – Don’t Be So Quick to Call it Dead

AZEK Company Inc (NYSE: AZEK) is 19.11% higher on its value in year-to-date trading and has touched a low of $23.08 and a high of $50.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AZEK stock was last observed hovering at around $45.40 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $45.56, the stock is -4.44% and -4.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 0.35% at the moment leaves the stock 24.66% off its SMA200. AZEK registered 73.17% gain for a year compared to 6-month gain of 75.23%.

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The stock witnessed a -8.07% loss in the last 1 month and extending the period to 3 months gives it a 20.37%, and is 0.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 2.65% over the month.

AZEK Company Inc (AZEK) has around 2236 employees, a market worth around $6.64B and $1.39B in sales. Current P/E ratio is 57.34 and Fwd P/E is 34.03. Profit margin for the company is 8.57%. Distance from 52-week low is 97.40% and -10.28% from its 52-week high. The company has generated returns on investments over the last 12 months (5.89%).

AZEK Company Inc quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $412.74M over the same period.The EPS is expected to grow by 55.38% this year, but quarterly earnings will post 3.90% year-over-year.

The shares outstanding are 147.70M, and float is at 142.85M with Short Float at 3.00%.

AZEK Company Inc (AZEK) Insider Activity

The most recent transaction is an insider sale by Singh Jesse G, the company’s CEO and President. SEC filings show that Singh Jesse G sold 13,000 shares of the company’s common stock on Apr 10 ’24 at a price of $48.30 per share for a total of $0.63 million. Following the sale, the insider now owns 1.08 million shares.

AZEK Company Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Singh Jesse G (CEO and President) sold a total of 13,000 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $47.76 per share for $0.62 million. Following the transaction, the insider now directly holds 1.1 million shares of the AZEK stock.

Still, SEC filings show that on Mar 07 ’24, Kasson Michelle A (CIO) disposed off 94,431 shares at an average price of $49.47 for $4.67 million. The insider now directly holds 23,544 shares of AZEK Company Inc (AZEK).

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