The stock of Azul S.A. (NYSE:AZUL) is now priced at $12.15 and the shares are -0.55 points down or -4.33% lower compared to its previous closing price of $12.7. The stock had 1.584 million contracts set over the past session. AZUL shares’ daily volume is compared to its average trading volume at 3.616 million shares. However, it has a float of 6.69 million and although its performance was 0.5% over the week, it’s one to watch. Analysts have given the AZUL stock a yearly average price target of $12.29 per share. It means the stock’s upside potential is 1.15% with the AZUL share price recently placing at $12.09 to $12.74.

The shorts are running away from the Azul S.A. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the AZUL shares have declined. Short interest in the stock represents just 0% of its float, but the volume has dropped by 0.

In the last trading session, Azul S.A. (NYSE:AZUL) raised by $0.06 over the week and gained $0.9 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $44.55. The stock recorded its established 52-week high on 01/28/20.

Since 03/19/20, the stock has traded to a low of $5.3 at 129.25%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.02. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, Azul S.A.’s two-week RSI is 52.2. This suggests that the stock is neutral at the moment and that AZUL shares’ price movement remains stable. The stochastic readings are equally revealing at 52.65% meaning the AZUL share price is currently in neutral territory.

The technical chart shows that the AZUL stock will likely settle at between $12.56 and $12.98 per share. However, if the stock dips below $11.91, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $11.68.

Currently, the stock is trading in the green of MACD, with a reading of 0.38. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at UBS cut their recommendation for AZUL from Neutral to Sell in July 17 review. BofA/Merrill analysts see the stock as a Neutral with a target price of $10 in a flash note released to investors on May 28 resuming covering the stock. Morgan Stanley seeing the stock struggling downgraded it from Overweight to Equal-Weight on April 24.

The average rating for the AZUL equity is 2.63 and is currently gathering a bullish momentum. Of 8 analysts tracking Azul S.A. polled by Reuters, 6 rated AZUL as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the AZUL stock price is 216.96X ahead of its 12-month Consensus earnings per share estimates.

Zacks Consensus Estimate forecasts that the current-quarter revenues for Azul S.A. (NYSE:AZUL) will decrease by about -58.76%, which will see them reach $166 million. The company’s full-year revenues are, however, expected to diminish by about -55.86%, down from $2900 million to $1280 million. AZUL’s expected adjusted earnings should drop almost -221.74% to end up at -$1.12 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -210.04% to record -$2.96/share.