Are Things Looking Up For Azenta Inc (NASDAQ: AZTA)?

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. Yahoo Finance discussed the stock recently as it posted Azenta Reports First Quarter Results for Fiscal 2024, Ended December 31, 2023.

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Stocks Info

The company is listed on the NASDAQ and operates within the Medical Instruments & Supplies industry segment. The current market capitalization of Azenta Inc is $3.62B. A total of 0.74 million shares were traded on the day, compared to an average of 461.47K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AZTA has seen 16 BUY and 7 SELL insider trades, representing the acquisition of 94,845 and the disposition of 28,219 shares. Over the last 12 months, there were 28 BUYs and 13 SELLs from insiders. Insiders purchased 129,225 shares during that period but sold 89,271.

In the most recent transaction, Gray David C sold 10,877 shares of AZTA for 56.03 per share on Aug 11. After the transaction, the Chief Strategy & New Business now owns 77,042 company shares. In a previous transaction on Aug 10, Gray David C sold 4,311 shares at 57.24 per share. AZTA shares that Chief Strategy & New Business owns now total 87,919.

Among the insiders who sold shares, MARTIN JOSEPH R disposed of 2,400 shares on Jun 06 at a per-share price of $43.07. This resulted in the Director holding 85,175 shares of AZTA after the transaction.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for AZTA in the last 3 months, the mean price target is $72.00 with high estimates of $79.00 and low estimates of $63.00. In terms of 52-week highs and lows, AZTA has a high of $69.16 and a low of $36.01.

As of this writing, AZTA has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.05. The company reported an EPS of $0.13 in the last quarter, which was 750.00% higher than expectations of -$0.02.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AZTA’s latest balance sheet shows that the firm has $227.51M in Cash & Short Term Investments as of fiscal 2021. There were $94.77M in debt and $345.09M in liabilities at the time. Its Book Value Per Share was $43.82, while its Total Shareholder’s Equity was $1.33B.

Analysts Opinion

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. 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 AZTA is Buy with a score of 3.50.

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