Closing Figures: AZEK Company Inc (AZEK)’s Negative Finish at 46.73, Down -0.13

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After finishing at $46.79 in the prior trading day, AZEK Company Inc (NYSE: AZEK) closed at $46.73, down -0.13%. In other words, the price has decreased by -$0.13 from its previous closing price. On the day, 1.3 million shares were traded. AZEK stock price reached its highest trading level at $47.115 during the session, while it also had its lowest trading level at $46.33.

Ratios:

Our goal is to gain a better understanding of AZEK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.76. For the most recent quarter (mrq), Quick Ratio is recorded 2.21 and its Current Ratio is at 3.40. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.48.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on April 19, 2024, initiated with a Buy rating and assigned the stock a target price of $55.

On December 12, 2023, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $43.

Deutsche Bank Downgraded its Buy to Hold on December 08, 2023, whereas the target price for the stock was revised from $38 to $37.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 18 ’24 when Singh Jesse G sold 20,000 shares for $46.72 per share. The transaction valued at 934,400 led to the insider holds 1,037,444 shares of the business.

Singh Jesse G sold 20,000 shares of AZEK for $929,000 on Jun 18 ’24. The CEO and President now owns 234,793 shares after completing the transaction at $46.45 per share. On Jun 18 ’24, another insider, Skelly Jonathan, who serves as the Pres. Res. & Comm. of the company, sold 12,000 shares for $46.72 each. As a result, the insider received 560,640 and left with 190,134 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AZEK now has a Market Capitalization of 6800103424 and an Enterprise Value of 7250769920. As of this moment, AZEK’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.63, and their Forward P/E ratio for the next fiscal year is 34.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.74 while its Price-to-Book (P/B) ratio in mrq is 4.90. Its current Enterprise Value per Revenue stands at 5.052 whereas that against EBITDA is 21.501.

Stock Price History:

The Beta on a monthly basis for AZEK is 1.89, which has changed by 0.68883264 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, AZEK has reached a high of $50.78, while it has fallen to a 52-week low of $25.03. The 50-Day Moving Average of the stock is 0.84%, while the 200-Day Moving Average is calculated to be 18.87%.

Shares Statistics:

The stock has traded on average 1.49M shares per day over the past 3-months and 1321990 shares per day over the last 10 days, according to various share statistics. A total of 147.70M shares are outstanding, with a floating share count of 142.55M. Insiders hold about 2.04% of the company’s shares, while institutions hold 99.56% stake in the company. Shares short for AZEK as of 1715731200 were 4127201 with a Short Ratio of 2.72, compared to 1713139200 on 4281609. Therefore, it implies a Short% of Shares Outstanding of 4127201 and a Short% of Float of 2.8800000999999997.

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