AZEK Company Inc (NYSE: AZEK) Emerges As Guiding Light For Investors

AZEK Company Inc (NYSE:AZEK) currently has a daily average trading volume of 2.09M but it saw 1687672 shares traded in last market. With a market cap of 5.86B USD, the company’s current market price of $40.24 came rising about 0.60 while comparing to the previous closing price of $40.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $50.78 and as low as $25.03. In the recent trading on the day, stock has struck highest price mark of $39.7795 while lowest mark touched by it was $41.01.

Taking a look at 20-day trading activity of AZEK Company Inc (AZEK) gives us an average price of $42.30, while its current price level is -20.76% below from 52-week high level whereas it is 60.77% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $43.29 while that of 200 days or SMA-200 reads an average of $41.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.68% during that period while stretching the period over a month that increases to 3.92%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.11 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BMO Capital Markets which downgraded the stock as “Market Perform” in its note to investors issued on July 23, 2024, recommending a price target of between $53 and $50 for it. DA Davidson downgraded its recommendation for the stock as a “Neutral” from “Buy” on July 03, 2024 while assigning a price target range of $57-$44. The Benchmark Company issued its recommendations for the stock as it initiated the price target for the stock is $55.

Over the week, AZEK’s stock price is moving 9.32% up while it is -11.66% when we observe its performance for the past one month. Year-to-date it is 5.20% up and over the past year, the stock is showing an upside performance of 16.23%.

Currently, AZEK Company Inc’s total number of outstanding shares is 147.70M with 1.69% of that held by the insiders while 100.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.95% and return on equity (ROE) at 11.60%. It has a price to earnings ratio (P/E ratio) of 36.22 while having a 29.23 of forward P/E ratio. Stock’s beta reads 1.90. Stock has a price to book (P/B) ratio of 4.18 while price to sale or P/S ratio amounts to 3.95. Its return on asset (ROA) is 6.99% on average.