A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Price Down 1.2% – What’s Next?

Shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) were down 1.2% during mid-day trading on Wednesday . The stock traded as low as $5.87 and last traded at $5.93. Approximately 399,315 shares traded hands during trading, a decline of 28% from the average daily volume of 557,758 shares. The stock had previously closed at $6.00.

Wall Street Analyst Weigh In

AZ has been the subject of several research reports. Northland Securities initiated coverage on A2Z Cust2Mate Solutions in a research note on Friday, March 27th. They set an “outperform” rating and a $15.00 price objective for the company. Zacks Research raised A2Z Cust2Mate Solutions to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen raised A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, A2Z Cust2Mate Solutions currently has an average rating of “Hold” and an average price target of $15.00.

A2Z Cust2Mate Solutions Stock Performance

The firm has a market capitalization of $264.12 million, a P/E ratio of -5.81 and a beta of 1.13. The firm has a 50 day moving average price of $7.12 and a two-hundred day moving average price of $6.61.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The company had revenue of $3.32 million for the quarter, compared to the consensus estimate of $3.06 million. A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%. Equities research analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.51 earnings per share for the current fiscal year.

A2Z Cust2Mate Solutions announced that its Board of Directors has approved a stock buyback program on Friday, March 27th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of A2Z Cust2Mate Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Red Door Wealth Management LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the fourth quarter worth $91,000. Savant Capital LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the third quarter worth $125,000. Osaic Holdings Inc. acquired a new stake in shares of A2Z Cust2Mate Solutions in the second quarter worth $146,000. NewEdge Advisors LLC acquired a new stake in shares of A2Z Cust2Mate Solutions in the second quarter worth $148,000. Finally, Regal Partners Ltd acquired a new stake in shares of A2Z Cust2Mate Solutions in the third quarter worth $153,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

About A2Z Cust2Mate Solutions

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.