AZEK Company Inc (NYSE:AZEK) shares, rose in value, with the stock price up by 1.25% to the previous day’s close as strong demand from buyers drove the stock to $46.13.
Actively observing the price movement in the last trading, the stock closed the session at $45.56. The PE ratio was 58.06 over 12-month period. Referring to stock’s 52-week performance, its high was $50.78, and the low was $23.08. On the whole, AZEK has fluctuated by -7.43% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.42B, with a low estimate of 409.4M and a high estimate of 424M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 412.74M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AZEK’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.23, with the price of AZEK currently trading nearly -2.81% and -3.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.74, while the 7-day volatility ratio is showing 2.87% which for the 30-day chart, stands at 2.66%. Furthermore, AZEK Company Inc (AZEK)’s beta value is 1.93, and its average true range (ATR) is 1.26.
A comparison of AZEK Company Inc (AZEK) with its peers suggests the former has fared considerably weaker in the market. AZEK showed an intraday change of 1.25% in last session, and over the past year, it grew by 80.27%%.
Data on historical trading for AZEK Company Inc (NYSE:AZEK) indicates that the trading volumes over the past 3 months, they’ve averaged 1.55 million. According to company’s latest data on outstanding shares, there are 147.70 million shares outstanding.
Nearly 2.04% of AZEK Company Inc’s shares belong to company insiders and institutional investors own 99.20% of the company’s shares. The stock has risen by 20.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AZEK stock heading into the next quarter.
