Azenta Inc (NASDAQ: AZTA). Extremely important negative changes in investment behavior have recently occurred: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Azenta Inc (NASDAQ: AZTA). Minimal negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
AZTA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Azenta has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Azenta has a slightly negative Appreciation Score of 37 but a very high Power Rating of 91, with the Positive Value Trend Rating the result.
Recent Price Action
Azenta Inc (NASDAQ: AZTA) stock closed at $59.26 on 3/14/24 after a large decline of -7.6%. Moreover, trading volume in this decline was exceptionally high at 203% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.7% during the last week.
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