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The AZEK Company Inc. (NYSE: AZEK) Could Slash -61.06% Soon

The AZEK Company Inc. (NYSE:AZEK) price on Thursday, May 26, rose 6.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.11.

A look at the stock’s price movement, the level at last check in today’s session was $19.82, moving within a range at $19.18 and $20.26. The PE ratio in trailing twelve months stood at 27.49. Turning to its 52-week performance, $46.56 and $16.34 were the 52-week high and 52-week low respectively. Overall, AZEK moved -7.34% over the past month.

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The AZEK Company Inc.’s market cap currently stands at around $3.04 billion, with investors looking forward to this quarter’s earnings report slated for Feb 09, 2022 – Feb 14, 2022. Analysts project the company’s earnings per share (EPS) to be $0.27, which has seen fiscal year 2022 EPS growth forecast to increase to $1.12 and about $1.29 for fiscal year 2023. Per the data, EPS growth is expected to be 14.30% for 2022 and 15.20% for the next financial year.

Analysts have a consensus estimate of $386.62 million for the company’s revenue for the quarter, with a low and high estimate of $374.38 million and $399.5 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.42 billion, representing a 20.10% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AZEK is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

19 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 15 recommend AZEK as a Buy and 2 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 1.76, with AZEK’s current price about 5.62% and -6.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.35, while 7-day volatility ratio is 5.24% and 7.87% in the 30-day chart. Further, The AZEK Company Inc. (AZEK) has a beta value of 0, and an average true range (ATR) of 1.41. Analysts have given the company’s stock an average 52-week price target of $27.83, forecast between a low of $20.00 and high of $34.00. Looking at the price targets, the low is 5.26% off recent price level in today’s trading while to achieve the yearly target high, it has to move -61.06%. Nonetheless, investors will most likely welcome a -37.38% jump to $29.00 which is the analysts’ median price.

In the market, a comparison of The AZEK Company Inc. (AZEK) and its peers suggest the former has performed considerably stronger. Data shows AZEK’s intraday price has changed 6.51% today and -55.34% over the past year. Comparatively, Trex Company Inc. (TREX) has moved 3.25% so far today and only -35.80% in the past 12 months. Looking at another peer, we see that Fortune Brands Home & Security Inc. (FBHS) price has gained 2.65% on the day. However, the stock is -36.04% off its price today a year ago. Moreover, Builders FirstSource Inc. (BLDR) is also up 3.31% in today’s trading while keeping a an uptrend of 37.79% over the past year. If we look at the PE ratio, we find that The AZEK Company Inc.’s ratio stands at 27.49 compared to Trex Company Inc.’s 31.17 and Fortune Brands Home & Security Inc.’s 12.03. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.81% and 1.58% respectively on the day as seen in early trades.

If we refocus on The AZEK Company Inc. (NYSE:AZEK), historical trading data shows that trading volumes averaged 2.19 million over the past 3 months. The company’s latest data on shares outstanding shows there are 154.66 million shares.

The 1.80% of The AZEK Company Inc.’s shares are in the hands of company insiders while institutional holders own 99.80% of the company’s shares. Current price change has pushed the stock -57.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AZEK stock continues to rise going into the next quarter.

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