As of June 22, 2023, a stock analyst has predicted that A2Z Smart Technologies Corp. (AZ) will experience a significant increase in its stock price over the next 12 months. The forecasted price is set at $18, which represents a staggering increase of 608.66%. This optimistic projection has been reiterated by Benchmark analyst Daniel Kurnos, who maintains a Buy rating on the stock and has set a price target of $18.
It is noteworthy that the stock has already experienced a significant increase in value since the beginning of the year. As of January 1, 2023, the stock was trading at $1.27. However, it has since increased by an impressive 129.9%. This growth is a promising indication of the company’s potential for success in the future.
A2Z Smart Technologies Corp.
AZ
Neutral
Updated on: 07/12/2023
Financial Health
Weak
Debt to equity ratio: Buy
Price to earnings ratio: Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Sell
AZ Stock Opens Higher with Strong Earnings Growth and Impressive Revenue Growth in Technology Services and Packaged Software Industry
On June 22, 2023, AZ stock opened at 2.96, slightly higher than its previous close of 2.93. The stock had a day’s range of 2.75 to 3.01 and a volume of 366,986 shares traded. The average volume for the last three months was 84,975 shares. The market cap of AZ was $88.5M.
AZ had a strong earnings growth rate of +61.60% last year and +22.86% this year. The company’s revenue growth rate was impressive at +248.27% last year.
The next reporting date for AZ was August 30, 2023. The EPS forecast for this quarter was -$0.06. The annual revenue for last year was $9.4M, and the annual profit was -$18.3M. The net profit margin was -196.20%.
AZ operates in the technology services sector and the packaged software industry.
Investment Opportunity: A2Z Smart Technologies Corp (AZ) Sees 525% Increase in Target Price
On June 22, 2023, A2Z Smart Technologies Corp (AZ) had a median target price of 18.00, according to the one analyst who offered a 12-month price forecast. This represented a significant increase of 525.00% from the last price of 2.88. The high and low estimates for the target price were also 18.00, indicating a strong consensus among analysts.
The current consensus among the one polled investment analyst was to buy stock in AZ, which had held steady since June. This buy rating was a positive sign for the company, suggesting that investors had confidence in its future prospects.
However, the company’s current quarter earnings per share were -$0.06, indicating that it was not yet profitable. Its sales for the quarter were $3.3M, which was relatively low compared to other companies in the industry.
Investors would be eagerly awaiting the company’s reporting date of August 30, 2023, to see if the company had made any progress towards profitability. If the company was able to improve its earnings and sales figures, it could potentially drive up the stock price and justify the high target price set by analysts.
Overall, the performance of AZ on June 22, 2023, indicated that it was a high-risk, high-reward investment opportunity. While the target price set by analysts was optimistic, the company’s current financials suggested that it still had a long way to go before it could become profitable. Investors would need to carefully consider their investment strategies and risk tolerance before investing in AZ.
Discussion about this post