Azenta Inc (NASDAQ:AZTA) price on Thursday, April 10, fall -10.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $26.53.
A look at the stock’s price movement, the close in the last trading session was $29.61, moving within a range at $25.36 and $29.3. The beta value (5-Year monthly) was 1.661. Turning to its 52-week performance, $63.58 and $25.75 were the 52-week high and 52-week low respectively. Overall, AZTA moved -30.54% over the past month.
Azenta Inc’s market cap currently stands at around $1.21 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04.
Analysts have a consensus estimate of 140.87M for the company’s revenue for the quarter, with a low and high estimate of 139M and 142.3M respectively. The average forecast suggests down to a -11.48% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 593.15M, representing a -9.63% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AZTA is a 100% 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.
3 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 1 analyst(s) rate the stock as a Hold, 2 recommend AZTA as a Buy and 0 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.
AZTA’s current price about -22.10% and -35.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 27.27, while 7-day volatility ratio is 13.11% and 7.06% in the 30-day chart. Further, Azenta Inc (AZTA) has a beta value of 1.63, and an average true range (ATR) of 2.64. Analysts have given the company’s stock an average 52-week price target of $64, forecast between a low of $62 and high of $78. Looking at the price targets, the low is -133.7% off current price level while to achieve the yearly target high, price needs to move -194.01%. Nonetheless, investors will most likely welcome a -141.24% jump to $64 which is the analysts’ median price.
If we refocus on Azenta Inc (NASDAQ:AZTA), historical trading data shows that trading volumes averaged 0.95 over the past 10 days and 651.29K over the past 3 months. The company’s latest data on shares outstanding shows there are 45.69 million shares.
The 1.77% of Azenta Inc’s shares are in the hands of company insiders while institutional holders own 114.83% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.52 million on 2025-03-14, giving us a short ratio of 6.6. The data shows that as of 2025-03-14 short interest in Azenta Inc (AZTA) stood at 1609.0 of shares outstanding, with shares short rising to 4.15 million registered in 2025-02-14. Current price change has pushed the stock -46.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AZTA stock continues to rise going into the next quarter.
