The trading price of AZEK Company Inc (NYSE:AZEK) floating higher at last check on current market day and closing at $48.10, 3.54% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $47.2901 and $50.11. The company’s P/E ratio in the trailing 12-month period was 46.46, while its 5Y monthly beta was 1.885. In examining the 52-week price action we see that the stock hit a 52-week high of $50.78 and a 52-week low of $30.76. Over the past month, the stock has gained 13.11% in value.
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AZEK Company Inc, whose market valuation is $6.96 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.14 per share this quarter, however they have predicted annual earnings per share of 1.4 for current year and 1.64 for next year.
Analysts have forecast the company to bring in revenue of 262.02M for the current quarter, with the likely lows of 249.8M and highs of 265.9M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.52B.
On the technical side, indicators suggest AZEK has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AZEK a recommendation rating is 15. Out of them, 4 rate it a Hold, while 11 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged AZEK Company Inc (AZEK) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.51, which symbolizes a positive outlook. A quick review shows that AZEK’s price is currently 5.63% off the SMA20 and 6.60% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.61, and weekly volatility stands at 2.47%. When measured over the past 30 days, the indicator reaches 2.57%. AZEK Company Inc (NYSE:AZEK)’s beta value is currently sitting at 1.88, while the Average True Range indicator is currently displaying 1.35. With analysts defining $16-$58 as the low and high price targets, we arrive at a consensus price target of $44 for the trailing 12-month period. The current price is about 66.74% off the estimated low and -20.58% off the forecast high, based on this estimate. Investors will be thrilled if AZEK’s share price rises to $44, which is the median consensus price. At that level, AZEK’s share price would be 8.52% above current price.
To see how AZEK Company Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: AZEK stock’s performance was 3.54% at last check in today’s session, and 54.03% in the past year. AZEK Company Inc has a P/E ratio of 46.46.
An evaluation of the daily trading volume of AZEK Company Inc (NYSE:AZEK) indicates that the 3-month average is 1.46 million. However, this figure has increased over the past 10 days to an average of 1.13.
Currently, records show that 143.01 million of the company’s shares remain outstanding. The insiders hold 2.03% of outstanding shares, whereas institutions hold 101.21%. The stats also highlight that short interest as of 2024-10-31, stood at 5.63 million shares, resulting in a short ratio of 3.93 at that time. From this, we can conclude that short interest is 397.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 5.47 million. However, since the stock’s price has seen 25.76% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
