Healthy Upside Potential: Azenta Inc (AZTA)

With 1.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.8 million shares. The 52-week range on AZTA shows that it touched its highest point at $63.58 and its lowest point at $23.91 during that stretch. It currently has a 1-year price target of $32.80. Beta for the stock currently stands at 1.64.

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 AZTA was up-trending over the past week, with a rise of 5.64%, but this was up by 4.21% over a month. Three-month performance dropped to -48.72% while six-month performance fell -38.29%. The stock lost -49.94% in the past year, while it has lost -44.58% so far this year. A look at the trailing 12-month EPS for AZTA yields -1.41 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.13. This implies an EPS growth rate of 9.06% for this year and 86.26% for next year.

Float and Shares Shorts:

At present, 45.78 million AZTA shares are outstanding with a float of 44.88 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AZTA since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.34415 being high and $0.33118 being low. For AZTA, this leads to a yearly average estimate of $0.33403.