rts logo

New Big Money Means Azenta Inc (AZTA) Investors Could Reap Benefit

Azenta Inc (NASDAQ: AZTA) is -14.12% lower on its value in year-to-date trading and has touched a low of $38.82 and a high of $67.77 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 $47.04 in the last trading session, with the day’s loss setting it -4.1%.

Currently trading at $42.94, the stock is -10.83% and -14.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -8.72% at the moment leaves the stock -13.67% off its SMA200. AZTA registered -33.26% loss for a year compared to 6-month gain of -13.39%.

The stock witnessed a -20.85% loss in the last 1 month and extending the period to 3 months gives it a -4.92%, and is -4.11% 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 4.89% over the week and 5.16% over the month.

Azenta Inc (AZTA) has around 3300 employees, a market worth around $1.96B and $649.51M in sales. Fwd P/E is 51.73. Profit margin for the company is -24.91%. Distance from 52-week low is 10.61% and -36.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.12%).

with sales reaching $140.92M over the same period.The EPS is expected to grow by 21.65% this year, but quarterly earnings will post -9.51% year-over-year. Quarterly sales are estimated to shrink -11.45% in year-over-year returns.

The shares outstanding are 45.69M, and float is at 44.88M with Short Float at 9.25%.

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 10.0033 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 9.606 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.81 million shares representing 9.0886 and valued at over $253.29 million, while POLITAN CAPITAL MANAGEMENT LP holds 8.7075 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 Hughes Violetta, the company’s VP, Chief Accounting Officer. SEC filings show that Hughes Violetta sold 317 shares of the company’s common stock on Feb 03 ’25 at a price of $52.97 per share for a total of $16791.0. Following the sale, the insider now owns 9603.0 shares.

Azenta Inc disclosed in a document filed with the SEC on Jan 31 ’25 that Zhou Ginger (SVP and General Manager, Genom) bought a total of 417 shares of the company’s common stock. The trade occurred on Jan 31 ’25 and was made at $45.88 per share for $19132.0. Following the transaction, the insider now directly holds 27916.0 shares of the AZTA stock.

Still, SEC filings show that on Nov 19 ’24, Pirogova Olga (SVP and CHRO) disposed off 548 shares at an average price of $40.07 for $21958.0. The insider now directly holds 19,373 shares of Azenta Inc (AZTA).

Related Posts