A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Crosses Above 50 Day Moving Average – What’s Next?

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $6.04 and traded as high as $6.34. A2Z Cust2Mate Solutions shares last traded at $6.27, with a volume of 289,114 shares traded.

Wall Street Analysts Forecast Growth

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

A2Z Cust2Mate Solutions Stock Performance

The stock has a market cap of $279.30 million, a P/E ratio of -7.55 and a beta of 1.17. The stock has a 50-day moving average price of $6.04 and a 200-day moving average price of $6.34.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $5.90 million for the quarter, compared to the consensus estimate of $3.54 million. Sell-side analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.52 earnings per share for the current fiscal year.

A2Z Cust2Mate Solutions declared that its Board of Directors has approved a stock repurchase program on Monday, July 6th that permits the company to buy back $20 million in shares. This repurchase authorization permits the company to buy up to 7.2% of its shares through open market purchases. Share repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of A2Z Cust2Mate Solutions

Several large investors have recently modified their holdings of AZ. Mountain Hill Investment Partners Corp. increased its stake in shares of A2Z Cust2Mate Solutions by 8.4% during the third quarter. Mountain Hill Investment Partners Corp. now owns 452,738 shares of the company’s stock valued at $2,603,000 after buying an additional 35,000 shares during the period. T3 Companies LLC increased its stake in shares of A2Z Cust2Mate Solutions by 5.5% during the third quarter. T3 Companies LLC now owns 352,427 shares of the company’s stock valued at $2,026,000 after purchasing an additional 18,500 shares in the last quarter. Weybosset Research & Management LLC increased its stake in shares of A2Z Cust2Mate Solutions by 8.7% during the third quarter. Weybosset Research & Management LLC now owns 1,990,949 shares of the company’s stock valued at $11,448,000 after purchasing an additional 160,075 shares in the last quarter. Curated Wealth Partners LLC purchased a new position in shares of A2Z Cust2Mate Solutions during the third quarter valued at approximately $287,000. Finally, Bank of America Corp DE purchased a new position in shares of A2Z Cust2Mate Solutions during the second quarter valued at approximately $359,000. 12.64% of the stock is owned by institutional investors.

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.