Azenta Inc (NASDAQ: AZTA) is -24.01% lower on its value in year-to-date trading and has touched a low of $38.82 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 $49.65 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $49.50, the stock is 6.80% and 10.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.30% at the moment leaves the stock -3.23% off its SMA200. AZTA registered -22.44% loss for a year compared to 6-month loss of -12.65%. The firm has a 50-day simple moving average (SMA 50) of $44.6362 and a 200-day simple moving average (SMA200) of $51.1531.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 21.00% gain in the last 1 month and extending the period to 3 months gives it a 0.47%, and is 7.75% 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 4.66% over the week and 4.20% over the month.
Azenta Inc (AZTA) has around 3300 employees, a market worth around $2.26B and $656.32M in sales. Fwd P/E is 72.97. Profit margin for the company is -25.01%. Distance from 52-week low is 27.51% and -28.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.98%).
The EPS is expected to shrink by -6.10% this year
422.0 institutions hold shares in Azenta Inc (AZTA), with institutional investors hold 112.16% of the company’s shares. The shares outstanding are 45.57M, and float is at 44.28M with Short Float at 10.85%. Institutions hold 110.28% 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 Pirogova Olga, the company’s SVP and CHRO. SEC filings show that Pirogova Olga sold 548 shares of the company’s common stock on Nov 19 ’24 at a price of $40.07 per share for a total of $21958.0. Following the sale, the insider now owns 19373.0 shares.
Azenta Inc disclosed in a document filed with the SEC on Nov 19 ’24 that Hughes Violetta (VP, Chief Accounting Officer) sold a total of 163 shares of the company’s common stock. The trade occurred on Nov 19 ’24 and was made at $40.07 per share for $6531.0. Following the transaction, the insider now directly holds 9920.0 shares of the AZTA stock.
Still, SEC filings show that on Nov 19 ’24, Zhou Ginger (SVP and General Manager, Genom) disposed off 491 shares at an average price of $40.07 for $19674.0. The insider now directly holds 27,499 shares of Azenta Inc (AZTA).
