A2Z Cust2Mate Solutions (NASDAQ:AZ) Stock Sees Heavy Call Option Buying

Key Points

• Call-option trading surged: Investors bought 16,575 calls on Monday, about 1,350% above the typical daily volume.
• A2Z shares rose 3.3% to $6.34. Analysts’ consensus rating is Hold, with a $15 average price target.
• The company beat quarterly estimates, reporting a $0.16-per-share loss versus the $0.18 expected and revenue of $5.9 million versus $3.54 million expected.

A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ - Get Free Report) was the target of unusually large options trading activity on Monday. Stock investors acquired 16,575 call options on the stock. This represents an increase of approximately 1,350% compared to the typical daily volume of 1,143 call options.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AZ. Zacks Research raised shares of A2Z Cust2Mate Solutions from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 11th. Weiss Ratings restated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.00.

A2Z Cust2Mate Solutions Trading Up 3.3%

Shares of NASDAQ AZ traded up $0.20 during midday trading on Monday, hitting $6.34. The company's stock had a trading volume of 220,101 shares, compared to its average volume of 438,726. A2Z Cust2Mate Solutions has a 12-month low of $4.97 and a 12-month high of $8.73. The firm has a market cap of $282.42 million, a P/E ratio of -7.66 and a beta of 1.16. The business's 50 day moving average is $5.90 and its two-hundred day moving average is $6.29. The company has a current ratio of 7.52, a quick ratio of 6.56 and a debt-to-equity ratio of 0.02.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.02. The firm had revenue of $5.90 million for the quarter, compared to analysts' expectations of $3.54 million. A2Z Cust2Mate Solutions had a negative net margin of 241.67% and a negative return on equity of 49.91%. As a group, equities research analysts expect that A2Z Cust2Mate Solutions will post -0.45 EPS for the current year.

Institutional Trading of A2Z Cust2Mate Solutions

A number of hedge funds have recently bought and sold shares of the stock. Luxor Capital Group LP purchased a new stake in shares of A2Z Cust2Mate Solutions during the 1st quarter worth $19,212,000. Cable Car Capital LP purchased a new stake in shares of A2Z Cust2Mate Solutions during the second quarter valued at $3,492,000. J. Goldman & Co LP acquired a new position in shares of A2Z Cust2Mate Solutions in the second quarter valued at about $3,774,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in A2Z Cust2Mate Solutions in the second quarter valued at approximately $3,183,000. Finally, Bank of America Corp DE acquired a new position in A2Z Cust2Mate Solutions in the 1st quarter worth approximately $557,000. Hedge funds and other institutional investors own 12.64% of the company's stock.

A2Z Cust2Mate Solutions Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.