Azenta Inc (NASDAQ: AZTA) is -31.67% lower on its value in year-to-date trading and has touched a low of $40.24 and a high of $69.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AZTA stock was last observed hovering at around $45.99 in the last trading session, with the day’s loss setting it -1.48%.
Currently trading at $44.51, the stock is 2.25% and -2.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -3.22% at the moment leaves the stock -16.95% off its SMA200. AZTA registered -6.90% loss for a year compared to 6-month loss of -13.74%. The firm has a 50-day simple moving average (SMA 50) of $45.7776 and a 200-day simple moving average (SMA200) of $53.5961.
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The stock witnessed a -1.09% gain in the last 1 month and extending the period to 3 months gives it a -13.82%, and is -4.32% down 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 6.12% over the week and 4.15% over the month.
Azenta Inc (AZTA) has around 3500 employees, a market worth around $2.18B and $658.62M in sales. Fwd P/E is 66.60. Profit margin for the company is -23.66%. Distance from 52-week low is 10.61% and -35.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.60%).
The EPS is expected to shrink by -6.91% this year
420.0 institutions hold shares in Azenta Inc (AZTA), with institutional investors hold 111.90% of the company’s shares. The shares outstanding are 57.83M, and float is at 47.81M with Short Float at 9.09%. Institutions hold 109.40% of the Float.
The top institutional shareholder in the company is KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with over 5.3 million shares valued at $278.78 million. The investor’s holdings represent 9.5563 of the AZTA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.09 million shares valued at $267.71 million to account for 9.1768 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.81 million shares representing 8.6825 and valued at over $253.29 million, while POLITAN CAPITAL MANAGEMENT LP holds 8.3185 of the shares totaling 4.61 million with a market value of $242.67 million.
Azenta Inc (AZTA) Insider Activity
The most recent transaction is an insider sale by Cueto Herman, the company’s EVP, Chief Financial Officer. SEC filings show that Cueto Herman sold 1,595 shares of the company’s common stock on Oct 17 ’24 at a price of $43.68 per share for a total of $69670.0. Following the sale, the insider now owns 24604.0 shares.
