Azenta, Inc. to Post FY2024 Earnings of 0.28 Per Share, B. Riley Forecasts
About 715827949 percent of Azenta's investors are aggressively looking to sell. The analysis of overall sentiment of trading Azenta Inc stock suggests that a very large number of investors are panicking at this time. The current market sentiment, together with Azenta's historical and current headlines, can help investors time the market. In addition, many technical investors use Azenta Inc stock news signals to limit their universe of possible portfolio assets.
Azenta |
Azenta, Inc. Stock analysts at B. Riley boosted their FY2024 EPS estimates for shares of Azenta in a research report issued to clients and investors on Monday, October 30th. B. Riley analyst Y. Zhi now expects that the company will post earnings of 0.28 per share for the year, up
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Azenta Fundamental Analysis
We analyze Azenta's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Azenta using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Azenta based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Azenta is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Azenta Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Azenta stock to make a market-neutral strategy. Peer analysis of Azenta could also be used in its relative valuation, which is a method of valuing Azenta by comparing valuation metrics with similar companies.
Peers
Azenta Related Equities
| BLCO | Bausch Lomb | 1.03 | ||||
| COO | Cooper Companies, | 0.28 | ||||
| MMSI | Merit Medical | 0.01 | ||||
| ATR | AptarGroup | 0.21 | ||||
| AKYA | Akoya Biosciences | 0.45 | ||||
| ANGO | AngioDynamics | 0.56 | ||||
| BDX | Becton Dickinson | 0.70 | ||||
| NVST | Envista Holdings | 1.39 | ||||
| HOLX | Hologic | 1.94 | ||||
| HAE | Haemonetics | 2.54 | ||||
| ATRC | AtriCure | 2.54 | ||||
| ICUI | ICU Medical | 2.68 |
Complementary Tools for Azenta Stock analysis
When running Azenta's price analysis, check to measure Azenta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Azenta is operating at the current time. Most of Azenta's value examination focuses on studying past and present price action to predict the probability of Azenta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azenta's price. Additionally, you may evaluate how the addition of Azenta to your portfolios can decrease your overall portfolio volatility.
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