The trading price of Alteryx Inc. (NYSE:AYX) floating higher at last check on Wednesday, May 24, closing at $39.67, 2.76% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $38.44 and $39.95. In examining the 52-week price action we see that the stock hit a 52-week high of $70.63 and a 52-week low of $34.70. Over the past month, the stock has lost -19.33% in value.
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Alteryx Inc., whose market valuation is $2.76 billion at the time of this writing, is expected to release its quarterly earnings report Jul 31, 2023 – Aug 04, 2023. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.66 per share this quarter, however they have predicted annual earnings per share of $0.68 for 2023 and $1.09 for 2024. It means analysts are expecting annual earnings per share growth of 60.30% next year.
Analysts have forecast the company to bring in revenue of $182 million for the current quarter, with the likely lows of $180 million and highs of $183 million. The average estimate suggests sales will likely up by 0.80% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $983.92 million. The company’s revenue is forecast to grow by 15.00% over what it did in 2023.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Alteryx Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AYX has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that AYX’s price is currently 2.72% off the SMA20 and -18.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.30, and weekly volatility stands at 3.90%. When measured over the past 30 days, the indicator reaches 4.38%. Alteryx Inc. (NYSE:AYX)’s beta value is currently sitting at 0.50, while the Average True Range indicator is currently displaying 1.81.
To see how Alteryx Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: AYX stock’s performance was 2.76% at last check in today’s session, and -28.48% in the past year, while Microsoft Corporation (MSFT) has been trading -0.61% in recent session and positioned 20.21% higher than it was a year ago. Another comparable company Oracle Corporation (ORCL) saw its stock trading -0.39% lower in today’s session but was up 40.15% in a year. Furthermore, International Business Machines Corporation (IBM) showed a decrease of -1.40% today while its price kept declining at -3.64% over the past year. Also during today’s trading, the S&P 500 Index has plunged -0.90%, while the Dow Jones Industrial also saw a negative session, down -0.74% today.
An evaluation of the daily trading volume of Alteryx Inc. (NYSE:AYX) indicates that the 3-month average is 1.53 million. However, this figure has increased over the past 10 days to an average of 1.41 million.
Currently, records show that 69.87 million of the company’s shares remain outstanding. The insiders hold 1.20% of outstanding shares, whereas institutions hold 86.40%. The stats also highlight that short interest as of Apr 27, 2023, stood at 2.98 million shares, resulting in a short ratio of 2.22 at that time. From this, we can conclude that short interest is 4.24% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 3.67 million. However, since the stock’s price has seen -21.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.