Azenta Inc (NASDAQ:AZTA) shares, rose in value on Friday, March 28, with the stock price down by -2.56% to the previous day’s close as strong demand from buyers drove the stock to $34.61.
Actively observing the price movement in the last trading, the stock closed the session at $35.52, falling within a range of $33.37 and $35.695. The value of beta (5-year monthly) was 1.524. Referring to stock’s 52-week performance, its high was $63.58, and the low was $35.06. On the whole, AZTA has fluctuated by -19.40% over the past month.
With the market capitalization of Azenta Inc currently standing at about $1.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 594.15M, with a low estimate of 139M and a high estimate of 142.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 141.04M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AZTA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AZTA currently trading nearly -10.30% and -23.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.42, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 5.29%. Furthermore, Azenta Inc (AZTA)’s beta value is 1.65, and its average true range (ATR) is 1.98.
A comparison of Azenta Inc (AZTA) with its peers suggests the former has fared considerably weaker in the market. AZTA showed an intraday change of -2.56% in last session, and over the past year, it shrunk by -40.73%%.
Data on historical trading for Azenta Inc (NASDAQ:AZTA) indicates that the trading volumes over the past 10 days have averaged 0.69 and over the past 3 months, they’ve averaged 579.49K. According to company’s latest data on outstanding shares, there are 45.69 million shares outstanding.
Nearly 1.77% of Azenta Inc’s shares belong to company insiders and institutional investors own 114.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.52 million shares as on 2025-03-14, resulting in a short ratio of 6.6. According to the data, the short interest in Azenta Inc (AZTA) stood at 1609.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.15 million. The stock has fallen by -30.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AZTA stock heading into the next quarter.
