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Azul S.A. (NYSE:AZUL) Shares Are Up 4.10 Percent In A Week – But Can The Gains Continue?

In last trading session, Azul S.A. (NYSE:AZUL) saw 1.46 million shares changing hands with its beta currently measuring 1.14. Company’s recent per share price level of $10.16 trading at $0.05 or 0.49% at ring of the bell on the day assigns it a market valuation of $1.15B. That closing price of AZUL’s stock is at a discount of -116.54% from its 52-week high price of $22.00 and is indicating a premium of 39.76% from its 52-week low price of $6.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.55 million shares which gives us an average trading volume of 2.27 million if we extend that period to 3-months.

Azul S.A. (NYSE:AZUL) trade information

Upright in the green during last session for gaining 0.49%, in the last five days AZUL remained trading in the green while hitting it’s week-highest on Tuesday, 09/20/22 when the stock touched $10.16 price level, adding 4.15% to its value on the day. Azul S.A.’s shares saw a change of -23.03% in year-to-date performance and have moved 4.10% in past 5-day. Azul S.A. (NYSE:AZUL) showed a performance of 2.63% in past 30-days. Number of shares sold short was 10.37 million shares which calculate 3.08 days to cover the short interests.

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Azul S.A. (AZUL) estimates and forecasts

Statistics highlight that Azul S.A. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -28.60% of value to its shares in past 6 months, showing an annual growth rate of 39.87% while that of industry is 17.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -83.30% in the current quarter and calculating 62.00% increase in the next quarter. This year revenue growth is estimated to rise 64.90% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $738.87 million for the same. And 4 analysts are in estimates of company making revenue of $817.75 million in the next quarter that will end on Sep 2022. Company posted $321.47 million and $450.57 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 129.80% while estimating it to be 81.50% for the next quarter.

AZUL Dividends

Azul S.A. is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Azul S.A. (NYSE:AZUL)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 35.78 percent of that, with stock having share float percentage of 35.78%. Investors also watch the number of corporate investors in a company very closely, which is 35.78% institutions for Azul S.A. that are currently holding shares of the company. Capital Research Global Investors is the top institutional holder at AZUL for having 13.03 million shares of worth $196.13 million. And as of Mar 30, 2022, it was holding 11.65% of the company’s outstanding shares.

The second largest institutional holder is Oaktree Capital Management Lp, which was holding about 3.82 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 3.41% of outstanding shares, having a total worth of $57.43 million.

On the other hand, Smallcap World Fund and ETF Series Solutions-U.S. Global Jets ETF are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 7.28 million shares of worth $109.55 million or 6.51% of the total outstanding shares. The later fund manager was in possession of 1.24 million shares on Mar 30, 2022, making its stake of worth around $18.7 million in the company or a holder of 1.11% of company’s stock.

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