It is Poised to be a Bull Market for A2Z Smart Technologies Corp. (AZ)

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.

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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 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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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