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Friday, September 29, 2023

Searching For Real Value In Market Debris At The AZEK Company Inc. (NYSE: AZEK)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for The AZEK Company Inc. (AZEK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.18, or 0.54%, to $33.58. The The AZEK Company Inc. has recorded 25,238 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted The AZEK® Company Announces Upcoming Investor Conference Schedule.

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Stocks Info

As a NYSE listed company, AZEK falls under the Industrials sector while operating within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $33.40 and fluctuated between $34.73 as its day high and $33.18 as its day low. The current market capitalization of The AZEK Company Inc. is $4.88B. A total of 1.28 million shares were traded on the day, compared to an average of 1.58M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AZEK has seen 2 BUY and 7 SELL insider trades, representing the acquisition of 7,545 and the disposition of 11,885,017 shares. Over the last 12 months, there were 27 BUYs and 36 SELLs from insiders. Insiders purchased 200,842 shares during that period but sold 35,619,424.

In the most recent transaction, Skelly Jonathan sold 35,000 shares of AZEK for 33.54 per share on Aug 11. After the transaction, the Pres. Residential Segment now owns 191,463 company shares. In a previous transaction on Jun 09, ONTARIO TEACHERS PENSION PLAN sold 4,886,250 shares at 25.70 per share. AZEK shares that Director owns now total 1,389,740.

Among the insiders who sold shares, Ares Corporate Opportunities F disposed of 4,886,250 shares on Jun 09 at a per-share price of $25.70. This resulted in the Director holding 1,389,840 shares of AZEK after the transaction. In another insider transaction, Skelly Jonathan sold 10,000 shares at $26.94 per share on Jun 07. Company shares held by the Pres. Residential Segment now total 206,569.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AZEK in the last 3 months, the mean price target is $37.63 with high estimates of $42.00 and low estimates of $33.00. In terms of 52-week highs and lows, AZEK has a high of $34.96 and a low of $15.12.

As of this writing, AZEK has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.34 per share and a lower estimate of $0.22. The company reported an EPS of $0.18 in the last quarter, which was 38.50% higher than expectations of $0.13.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. AZEK’s latest balance sheet shows that the firm has $250.54M in Cash & Short Term Investments as of fiscal 2021. There were $464.71M in debt and $170.41M in liabilities at the time. Its Book Value Per Share was $9.58, while its Total Shareholder’s Equity was $1.43B.

Analysts Opinion

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. Currently, 0 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 AZEK is Buy with a score of 4.72.

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