Azul (NYSE:AZUL) Sees Unusually-High Trading Volume – What’s Next?

Azul S.A. (NYSE:AZUL) saw strong trading volume on Tuesday . 1,632,383 shares changed hands during trading, an increase of 18% from the previous session’s volume of 1,386,159 shares.The stock last traded at $1.80 and had previously closed at $1.86.

Analysts Set New Price Targets

A number of research firms recently issued reports on AZUL. Raymond James dropped their price target on shares of Azul from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Seaport Res Ptn raised Azul from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Azul from $3.10 to $2.70 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.40.

Azul Stock Performance

The stock’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.79. The company has a market capitalization of $752.50 million, a PE ratio of -0.25 and a beta of 2.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning purchased a new position in shares of Azul during the third quarter worth about $35,000. Ground Swell Capital LLC purchased a new position in shares of Azul in the 3rd quarter valued at approximately $44,000. Sanctuary Advisors LLC purchased a new position in Azul in the 2nd quarter valued at $51,000. Trellis Wealth Advisors LLC purchased a new position in Azul during the fourth quarter worth about $32,000. Finally, Inspire Advisors LLC lifted its position in Azul by 84.0% in the third quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock valued at $142,000 after purchasing an additional 18,861 shares during the period. 0.82% of the stock is owned by hedge funds and other institutional investors.

About Azul

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.