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Wednesday, February 1, 2023

Azenta Inc. (NASDAQ: AZTA) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Azenta Inc. (AZTA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $59.43. The Azenta Inc. has recorded 22,357 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Azenta to participate in the 41st Annual J.P. Morgan Healthcare Conference.


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Stocks Info

Azenta Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Instruments & Supplies industry. At the end of the last regular session, the stock closed at $59.43 and fluctuated between $60.12 as its day high and $59.38 as its day low. The current market capitalization of Azenta Inc. is $4.14B. A total of 0.72 million shares were traded on the day, compared to an average of 835.31K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AZTA has seen 15 BUY and 8 SELL insider trades, representing the acquisition of 147,885 and the disposition of 53,327 shares. Over the last 12 months, there were 32 BUYs and 9 SELLs from insiders. Insiders purchased 178,283 shares during that period but sold 53,459.

In the most recent transaction, McManus Matthew bought 8,625 shares of AZTA for 58.15 per share on Aug 19. After the transaction, the EVP & Chief Operating Officer now owns 29,467 company shares. In a previous transaction on Aug 19, Robertson Lindon G bought 4,350 shares at 57.62 per share. AZTA shares that EVP & Chief Financial Officer owns now total 100,571.

Among the insiders who sold shares, Crowley Kimberly disposed of 132 shares on Apr 12 at a per-share price of $78.02. This resulted in the SVP, Chief HR Officer holding 5,133 shares of AZTA after the transaction.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. AZTA’s most recent ex-dividend date was 12/2/2021 when it declared a $0.10 quarterly dividend that was paid in cash on 12/23/2021.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AZTA in the last 3 months, the mean price target is $70.40 with high estimates of $78.00 and low estimates of $62.00. In terms of 52-week highs and lows, AZTA has a high of $93.39 and a low of $37.61.

As of this writing, AZTA has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.04. The company reported an EPS of $0.12 in the last quarter, which was 9.10% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AZTA is Overweight with a score of 4.40. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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