Azure Holding Group Corp (OTC:AZRH) Stock Surges After Accelerated Share Repurchase Program
The new week started off on an eventful note as more and more companies came into focus for one reason or another, and one of those was Azure Holding Group Corp. (OTC:AZRH). The company came into focus after it made an announcement with regards to a major new transaction. Let’s take a closer look.
Treasury Share Purchase
In the news release on Monday, the company announced that it had started the process with regards to a treasury share purchase program. By way of the move, Azure Holding Group Corp would repurchase a maximum of 5,000,000 of its shares of the common stock over the period of the upcoming 12 months. The program would begin on March 3, 2025. The company also stated that it had entered the new year with strong momentum, and there was an expectation that it was going to continue as it worked on growing its free cash flow.
Further Information
In light of the treasury share purchase transaction initiative, Azure Holding Group Corp stated that the company’s stock was undervalued when compared to the strength of its business. Hence, it had been decided to speed up the stock buybacks under the provisions of the program.
CEO Quote
“We are entering 2025 with considerable momentum and expect to continue scaling our free cash flows significantly, enabling us to return meaningful capital to shareholders while still investing heavily in growth,” said Josh Watson and Josh Cohen.
Technicals
| +/- EMA(20) | 0.13 (+52.23%) |
| +/- SMA(50) | 0.12 (+64.92%) |
| +/- SMA(200) | 0.08 (+147.38%) |
| 5-Day Perf. | +97.9% |
| 1-Month Perf. | +23.69% |
| 3-Month Perf. | -7.91% |
| 6-Month Perf. | +197800% |
| YTD Perf. | +79.91% |
| 1-Year Perf. | +17890.91% |
| RSI(14) | 66.39 |
| ATR(14) | 0.03 |
| ADX(14) | 21.16 |
| Beta (5Y) | -0.87 |
