Investing In AZEK Company Inc (NYSE: AZEK): Why Should You?

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. Earlier, Yahoo Finance discussed this stock as it revealed The AZEK Company Announces Strong First Quarter Fiscal 2024 Results Driven by Underlying Residential Segment Demand and Execution of Margin Expansion Initiatives; Raises Full-Year Fiscal 2024 Net Sales and Adjusted EBITDA Outlook.

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Stocks Info

The company is listed on the NYSE and operates within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $45.97 and fluctuated between $46.42 as its day high and $45.15 as its day low. The current market capitalization of AZEK Company Inc is $6.79B. A total of 2.72 million shares were traded on the day, compared to an average of 1.56M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, AZEK has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 16,800 shares. Over the last 12 months, there were 25 BUYs and 37 SELLs from insiders. Insiders purchased 133,873 shares during that period but sold 35,737,233.

In the most recent transaction, Singh Jesse G sold 13,000 shares of AZEK for 37.23 per share on Jan 10. After the transaction, the CEO and President now owns 1,227,444 company shares. In a previous transaction on Dec 20, Skelly Jonathan sold 9,000 shares at 38.75 per share. AZEK shares that Pres. Res. & Comm. owns now total 190,784.

Among the insiders who sold shares, Toole Samara disposed of 1,983 shares on Dec 18 at a per-share price of $37.61. This resulted in the Chief Marketing Officer holding 16,941 shares of AZEK after the transaction. In another insider transaction, Singh Jesse G sold 25,000 shares at $34.77 per share on Dec 11. Company shares held by the CEO and President now total 9,476.

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 AZEK in the last 3 months, the mean price target is $49.17 with high estimates of $52.00 and low estimates of $44.00. In terms of 52-week highs and lows, AZEK has a high of $45.83 and a low of $21.34.

As of this writing, AZEK has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.45 per share and a lower estimate of $0.19. The company reported an EPS of $0.36 in the last quarter, which was 24.10% higher than expectations of $0.29.

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. AZEK’s latest balance sheet shows that the firm has $250.54M in Cash & Short Term Investments as of fiscal 2021. There were $468.69M in debt and $170.41M in liabilities at the time. Its Book Value Per Share was $9.32, while its Total Shareholder’s Equity was $1.43B.

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 AZEK is Buy with a score of 4.63.

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