Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
AZEK Company Inc (NYSE: AZEK) closed the day trading at $45.40 down -2.07% from the previous closing price of $46.36. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 0.88 million shares were traded. AZEK stock price reached its highest trading level at $46.895 during the session, while it also had its lowest trading level at $45.05.
Ratios:
For a better understanding of AZEK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.08. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 2.99. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.49.
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 Apr 10 ’24 when Singh Jesse G sold 13,000 shares for $48.30 per share. The transaction valued at 627,958 led to the insider holds 1,083,444 shares of the business.
Singh Jesse G sold 13,000 shares of AZEK for $620,880 on Mar 11 ’24. The CEO and President now owns 1,096,444 shares after completing the transaction at $47.76 per share. On Mar 07 ’24, another insider, Kasson Michelle A, who serves as the CIO of the company, sold 94,431 shares for $49.47 each. As a result, the insider received 4,671,502 and left with 23,544 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 6760514048 and an Enterprise Value of 7027436032. As of this moment, AZEK’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.14, and their Forward P/E ratio for the next fiscal year is 33.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.75 while its Price-to-Book (P/B) ratio in mrq is 4.87. Its current Enterprise Value per Revenue stands at 5.039 whereas that against EBITDA is 23.189.
Stock Price History:
Over the past 52 weeks, AZEK has reached a high of $50.78, while it has fallen to a 52-week low of $23.08. The 50-Day Moving Average of the stock is -4.81%, while the 200-Day Moving Average is calculated to be 24.50%.
Shares Statistics:
Over the past 3-months, AZEK traded about 1.57M shares per day on average, while over the past 10 days, AZEK traded about 1105520 shares per day. A total of 147.70M shares are outstanding, with a floating share count of 142.85M. Insiders hold about 2.04% of the company’s shares, while institutions hold 99.26% stake in the company. Shares short for AZEK as of 1713139200 were 4281609 with a Short Ratio of 2.75, compared to 1710460800 on 4312572. Therefore, it implies a Short% of Shares Outstanding of 4281609 and a Short% of Float of 2.9899999999999998.
