Returns Breakdown
0.1
Return On Tangible Assets
0.1
Return On Assets
| Return On Tangible Assets | 0.1 | |
| Return On Capital Employed | 0.33 | |
| Return On Assets | 0.1 | |
| Return On Equity | (0.9) |
What are the AutoZone (USA Stocks:AZO) projections for October
 | By Vlad Skutelnik | Macroaxis Story |
In the world of investing, the unexpected can often lead to the best opportunities. AutoZone (NYSE: AZO) is currently experiencing a surprising decline, even as broader market indices rally. With a strong overall consensus of "Strong Buy" from analysts, many are now questioning whether this dip presents a prime buying opportunity. The stock recently traded around 3.1K, well below its 52-week high of 3.3K, raising eyebrows among investors. As the company navigates this turbulent phase, the question remains: is now the right time to capitalize on AutoZone's potential rebound? AutoZone's inventory turnover has remained steady over the past year. As of September 17, 2024, analysts predict that the company's net income per share could rise to $68.02, while its market cap may decrease by about $6.3 billion. This outlook is based on technical analysis aimed at estimating AutoZone's future value. So, what can AutoZone investors anticipate in October?
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Reviewed by Michael Smolkin
AutoZone currently holds a performance score of 3 out of 100, indicating modest performance. The stock has a Beta of 0.6, suggesting it may be a good option for diversifying a portfolio. This means that when the market rises, AutoZone's gains are likely to be smaller, but it may also experience less loss during downturns. Right now, the risk level for AutoZone stands at 1.23%. It’s important to evaluate AutoZone's value at risk and examine the connection between skewness and the day median price. These insights can help you determine if AutoZone will continue to follow its established price patterns.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AutoZone. Your research has to be compared to or analyzed against AutoZone's peers to derive any actionable benefits. When done correctly, AutoZone's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AutoZone.
Main Points
AutoZone (NYSE: AZO) is currently experiencing a notable price drop of 22.32%, which may present a buying opportunity for investors looking to capitalize on the dip. With a 52-week high of 3.3K and a current price hovering around 3.1K, the stock's recent performance suggests potential for recovery, especially given its solid Jensen Alpha of 0.0819. However, investors should remain cautious, as the company reported a loss in its latest earnings, indicating that market conditions may still be challenging.There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as AutoZone. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Predictive Modules for AutoZone
How important is AutoZone's Liquidity
AutoZone financial leverage refers to using borrowed capital as a funding source to finance AutoZone ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. AutoZone financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to AutoZone's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of AutoZone's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between AutoZone's total debt and its cash.
AutoZone Gross Profit
AutoZone Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing AutoZone previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show AutoZone Gross Profit growth over the last 10 years. Please check AutoZone's gross profit and other fundamental indicators for more details.
Breaking down AutoZone Indicators
The recent indifference towards the small price fluctuations of AutoZone could raise concerns from investors as the firm is trading at a share price of 3101.04 on 117,931 in volume. The company executives did not add any value to AutoZone investors in August. However, most investors can still diversify their portfolios with AutoZone to hedge their inherited risk against high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.23. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
In investing, timing can be everything, and the recent dip in AutoZone's stock amid a broader market rally has raised eyebrows. Currently trading around $3,100, AutoZone has seen a 52-week high of $3,300, suggesting potential resistance at this level. With a current ratio of 0.77X and total debt of $10.93 billion, the company faces some financial pressure, but its strong revenue of $17.46 billion and net income of $2.53 billion indicate solid fundamentals. Analysts project an EPS of $163.38 for the next year, hinting at growth potential. For investors considering a buy-the-dip strategy, the stock's low short interest of 2.81% suggests limited bearish sentiment, making it an intriguing opportunity for those looking to capitalize on potential recovery..
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This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of AutoZone. Please refer to our Terms of Use for any information regarding our disclosure principles.