A2Z Smart Technologies Corp. (NASDAQ: AZ) stock fell -8.15% on Monday to $2.14 against a previous-day closing price of $2.33. With 0.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.1 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $2.6000 whereas the lowest price it dropped to was $2.0880. The 52-week range on AZ shows that it touched its highest point at $8.05 and its lowest point at $0.89 during that stretch.
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 AZ was up-trending over the past week, with a rise of 32.10%, but this was up by 49.65% over a month. Three-month performance surged to 36.31% while six-month performance fell -26.21%. The stock lost -73.42% in the past year, while it has gained 68.50% so far this year.
Float and Shares Shorts:
At present, 27.36 million AZ shares are outstanding with a float of 18.20 million shares on hand for trading. On Oct 13, 2022, short shares totaled 64540.00000000001, which was 0.24% higher than short shares on Sep 14, 2022. In addition to Prof. Bentsur Joseph as the firm’s Pres, CEO & Director, Mr. Gadi Levin B.Com., C.A., CPA, M.B.A., MBA serves as its Chief Financial Officer.
Through their ownership of 0.19% of AZ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of AZ, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.15% stake in AZ, the Excellence Selected Yeter is the largest stakeholder. A total of 46,000 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.01% of AZ stock, is the second-largest Mutual Fund holder. It holds 2,393 shares valued at 3039.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AZ since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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 AZ analysts setting a high price target of $18.00 and a low target of $18.00, the average target price over the next 12 months is $18.00. Based on these targets, AZ could surge 741.12% to reach the target high and rise by 741.12% to reach the target low. Reaching the average price target will result in a growth of 741.12% 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. AZ will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$1.29 being high and -$1.29 being low. For AZ, this leads to a yearly average estimate of -$1.29. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.12.