Azenta Inc (AZTA) expanding its growth trajectory ahead

With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.56 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $46.19 whereas the lowest price it dropped to was $43.863. The 52-week range on AZTA shows that it touched its highest point at $69.16 and its lowest point at $40.24 during that stretch. It currently has a 1-year price target of $53.80. Beta for the stock currently stands at 1.47.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AZTA was up-trending over the past week, with a rise of 10.47%, but this was down by -2.34% over a month. Three-month performance dropped to -13.11% while six-month performance fell -16.26%. The stock lost -7.24% in the past year, while it has lost -29.13% so far this year. A look at the trailing 12-month EPS for AZTA yields -2.81 with Next year EPS estimates of 0.42. For the next quarter, that number is 0.10. This implies an EPS growth rate of 7.75% for this year and 24.88% for next year.

Float and Shares Shorts:

At present, 57.83 million AZTA shares are outstanding with a float of 47.82 million shares on hand for trading. On 2024-10-15, short shares totaled 4.81 million, which was 983.0 higher than short shares on 1726185600. In addition to Mr. Robin Vacha as the firm’s Senior Vice President of Global Operations, Mr. Jason W. Joseph serves as its Senior VP, General Counsel & Corporate Secretary.

Institutional Ownership:

Through their ownership of 1.10339 of AZTA’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, AZTA reported revenue of $172809000.0 and operating income of -$12690000.0. The EBITDA in the recently reported quarter was $12059000.0 and diluted EPS was -$0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AZTA since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AZTA analysts setting a high price target of 79.0 and a low target of 43.0, the average target price over the next 12 months is 58.0. Based on these targets, AZTA could surge 71.11% to reach the target high and fall by -6.87% to reach the target low. Reaching the average price target will result in a growth of 25.62% from current levels.

Analysts have provided yearly estimates in a range of $0.34442 being high and $0.32457 being low. For AZTA, this leads to a yearly average estimate of $0.33429.