The time has not yet come to remove your chips from the table: Azul S.A. (AZUL)

Azul S.A. (NYSE: AZUL) stock jumped 5.67% on Friday to $6.89 against a previous-day closing price of $6.52. With 1.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.74 million shares. During the session, the Airlines company that operates in wider Industrials sector, reached to the highest price of $6.91 whereas the lowest price it dropped to was $6.53. The 52-week range on AZUL shows that it touched its highest point at $22.98 and its lowest point at $6.12 during that stretch. It currently has a 1-year price target of $13.88. Beta for the stock currently stands at 1.34.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AZUL was up-trending over the past week, with a rise of 4.39%, but this was up by 0.73% over a month. Three-month performance dropped to -46.55% while six-month performance fell -58.04%. The stock lost -69.12% in the past year, while it has lost -47.80% so far this year. A look at the trailing 12-month EPS for AZUL yields 1.05 with Next year EPS estimates of -0.75. For the next quarter, that number is -0.84. This implies an EPS growth rate of 61.50% for this year and 60.40% for next year.

Float and Shares Shorts:

At present, 139.46 million AZUL shares are outstanding with a float of 89.26 million shares on hand for trading. On Jul 14, 2022, short shares totaled 10.37 million, which was 8.95% higher than short shares on Jun 14, 2022. In addition to Mr. John Peter Rodgerson as the firm’s CEO & Member of Board of Exec. Officers, Mr. Alexandre Wagner Malfitani serves as its CFO, Investor Relations Officer & Member of Board of Exec. Officers.

Institutional Ownership:

Through their ownership of 35.78% of AZUL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 18.64% of AZUL, in contrast to 15.78% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AZUL with 11.65% of the stake, Capital Research & Management Co holds 13,032,134 shares worth 13,032,134. A second-largest stockholder of AZUL, Frontier Capital Management Co. L, holds 5,057,764 shares, controlling over 4.52% of the firm’s shares. Oaktree Capital Management LP is the third largest shareholder in AZUL, holding 3,815,824 shares or 3.41% stake. With a 6.51% stake in AZUL, the American Funds Small Cap World Fu is the largest stakeholder. A total of 7,279,081 shares are owned by the mutual fund manager. The US Global Jets ETF, which owns about 1.24% of AZUL stock, is the second-largest Mutual Fund holder. It holds 1,383,367 shares valued at 9.82 million. Columbia Overseas Value Fund holds 0.95% of the stake in AZUL, owning 1,064,821 shares worth 7.56 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AZUL since 16 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AZUL analysts setting a high price target of $141.00 and a low target of $29.99, the average target price over the next 12 months is $80.27. Based on these targets, AZUL could surge 1946.44% to reach the target high and rise by 335.27% to reach the target low. Reaching the average price target will result in a growth of 1065.02% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AZUL will report FY 2022 earnings on 03/16/2023. Analysts have provided yearly estimates in a range of $5.66 being high and -$26.58 being low. For AZUL, this leads to a yearly average estimate of -$8.54. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Azul S.A. surprised analysts by $0.41 when it reported -$0.60 EPS against a consensus estimate of -$1.01. The surprise factor in the prior quarter was $0.25. Based on analyst estimates, the high estimate for the next quarter is -$1.03 and the low estimate is -$11.82. The average estimate for the next quarter is thus -$5.34.

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