Benchmark Forecasts Strong Price Appreciation for A2Z Smart Technologies (NASDAQ:AZ) Stock

A2Z Smart Technologies (NASDAQ:AZ) had its price objective increased by equities researchers at Benchmark from $18.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target would suggest a potential upside of 169.54% from the stock’s current price.

A2Z Smart Technologies Trading Down 1.3 %

A2Z Smart Technologies stock opened at $7.42 on Wednesday. The company has a market capitalization of $203.63 million, a price-to-earnings ratio of -14.84 and a beta of 1.38. The stock’s 50 day moving average is $6.98 and its 200-day moving average is $5.71. A2Z Smart Technologies has a 12 month low of $0.85 and a 12 month high of $8.28.

Hedge Funds Weigh In On A2Z Smart Technologies

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in A2Z Smart Technologies in the 4th quarter valued at about $287,000. IHT Wealth Management LLC acquired a new stake in shares of A2Z Smart Technologies in the fourth quarter valued at approximately $1,156,000. Garnet Equity Capital Holdings Inc. bought a new stake in shares of A2Z Smart Technologies in the fourth quarter valued at approximately $1,986,000. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in A2Z Smart Technologies during the fourth quarter worth approximately $3,619,000. 12.64% of the stock is owned by institutional investors.

A2Z Smart Technologies Company Profile

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts.