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

A2Z Smart Technologies (NASDAQ:AZ) had its price target hoisted by Benchmark from $18.00 to $20.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price target would suggest a potential upside of 169.54% from the company’s current price.

A2Z Smart Technologies Trading Down 1.3 %

Shares of NASDAQ:AZ opened at $7.42 on Wednesday. The firm has a 50 day moving average of $6.98 and a 200-day moving average of $5.71. A2Z Smart Technologies has a 12 month low of $0.85 and a 12 month high of $8.28. The stock has a market capitalization of $203.63 million, a PE ratio of -14.84 and a beta of 1.38.

Institutional Investors Weigh In On A2Z Smart Technologies

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

About A2Z Smart Technologies

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.