A2Z Smart Technologies Corp. (NASDAQ: AZ) In 2024: Bullish Or Bearish?

A2Z Smart Technologies Corp. (NASDAQ:AZ) price on Friday, July 12, rose 32.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.83.

A look at the stock’s price movement, the close in the last trading session was $0.63. Turning to its 52-week performance, $2.50 and $0.34 were the 52-week high and 52-week low respectively. Overall, AZ moved 119.07% over the past month.

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A2Z Smart Technologies Corp.’s market cap currently stands at around $34.32 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that AZ is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.

AZ’s current price about 101.02% and 105.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 88.24, while 7-day volatility ratio is 23.78% and 13.10% in the 30-day chart. Further, A2Z Smart Technologies Corp. (AZ) has a beta value of 2.21, and an average true range (ATR) of 0.07.

If we refocus on A2Z Smart Technologies Corp. (NASDAQ:AZ), historical trading data shows that trading volumes averaged 111.43K over the past 3 months. The company’s latest data on shares outstanding shows there are 38.40 million shares.

The 34.48% of A2Z Smart Technologies Corp.’s shares are in the hands of company insiders while institutional holders own 4.32% of the company’s shares. Current price change has pushed the stock -39.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AZ stock continues to rise going into the next quarter.

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