A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Breaks Above 200 Day Moving Average – What’s Next?

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $6.30 and traded as high as $6.63. A2Z Cust2Mate Solutions shares last traded at $6.4590, with a volume of 489,608 shares changing hands.

Analysts Set New Price Targets

AZ has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Thursday, October 15th. Zacks Research upgraded shares of A2Z Cust2Mate Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Stock Up 2.9%

The firm has a 50-day moving average price of $5.93 and a two-hundred day moving average price of $6.30. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.56 and a current ratio of 7.52. The firm has a market cap of $287.68 million, a price-to-earnings ratio of -7.78 and a beta of 1.16.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. A2Z Cust2Mate Solutions had a negative net margin of 241.67% and a negative return on equity of 49.91%. The business had revenue of $5.90 million during the quarter, compared to the consensus estimate of $3.54 million. On average, sell-side analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.45 earnings per share for the current year.

Institutional Investors Weigh In On A2Z Cust2Mate Solutions

Several hedge funds have recently made changes to their positions in the business. Curated Wealth Partners LLC purchased a new stake in A2Z Cust2Mate Solutions during the 3rd quarter valued at approximately $287,000. Persistent Asset Partners Ltd acquired a new position in A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $331,000. Bank of America Corp DE purchased a new position in shares of A2Z Cust2Mate Solutions during the 2nd quarter worth approximately $359,000. T3 Companies LLC lifted its holdings in shares of A2Z Cust2Mate Solutions by 5.5% in the 3rd quarter. T3 Companies LLC now owns 352,427 shares of the company’s stock valued at $2,026,000 after buying an additional 18,500 shares during the period. Finally, Mountain Hill Investment Partners Corp. raised its position in A2Z Cust2Mate Solutions by 8.4% in the third quarter. Mountain Hill Investment Partners Corp. now owns 452,738 shares of the company’s stock worth $2,603,000 after acquiring an additional 35,000 shares in the last quarter. Institutional investors and hedge funds own 12.64% of the company’s stock.

About A2Z Cust2Mate Solutions

A2Z Cust2Mate Solutions Corp. is a technology company focused on transforming the in-store grocery shopping experience through smart shopping carts and retail technology. The company develops the Cust2Mate platform, which combines a shopping cart, touchscreen interface and software designed to support customer engagement and checkout activities.

Cust2Mate’s solutions are intended to help grocery retailers provide services such as product discovery, in-store navigation, digital promotions, personalized offers and self-checkout.