Azenta Third Quarter 2024 Earnings Revenues Beat Expectations, EPS Lags

AZTA Stock  USD 46.21  0.90  1.91%   
About 60% of Azenta's investor base is looking to short. The analysis of overall sentiment of trading Azenta Inc stock suggests that many investors are alarmed 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 Third Quarter 2024 Results Key Financial Results Revenue US172.8m . Net...

Read at simplywall.st
Simply Wall St News at Macroaxis
  

Azenta Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Azenta can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

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.

Price To Earnings To Growth

Price To Earnings To Growth Comparative Analysis

Azenta is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.

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

AKYAAkoya Biosciences   2.80   
0%
100.0%
ICUIICU Medical   2.64   
0%
94.0%
COOCooper Companies,   1.00   
0%
35.0%
ATRAptarGroup   0.72   
0%
25.0%
MMSIMerit Medical   0.23   
0%
8.0%
HOLXHologic   0.08   
0%
2.0%
ATRCAtriCure   0.03   
1.0%
0%
BDXBecton Dickinson   0.04   
1.0%
0%
NVSTEnvista Holdings   0.18   
6.0%
0%
HAEHaemonetics   0.48   
17.0%
0%
BLCOBausch Lomb   0.75   
26.0%
0%
ANGOAngioDynamics   1.28   
45.0%
0%

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.
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Fundamental Analysis
View fundamental data based on most recent published financial statements
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.