Alteryx Inc. (NYSE: AYX) stock fell -2.08% on Tuesday to $38.60 against a previous-day closing price of $39.42. With 1.25 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.52 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $39.95 whereas the lowest price it dropped to was $38.44. The 52-week range on AYX shows that it touched its highest point at $70.63 and its lowest point at $34.70 during that stretch. It currently has a 1-year price target of $66.93. Beta for the stock currently stands at 0.50.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AYX was up-trending over the past week, with a rise of 6.45%, but this was down by -25.63% over a month. Three-month performance dropped to -42.38% while six-month performance fell -12.67%. The stock lost -30.65% in the past year, while it has lost -23.82% so far this year. A look at the trailing 12-month EPS for AYX yields -4.38 with Next year EPS estimates of 1.09. For the next quarter, that number is -0.67. This implies an EPS growth rate of -73.80% for this year and 60.09% for next year. EPS is expected to grow by 1.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 98.39%.
Float and Shares Shorts:
At present, 69.87 million AYX shares are outstanding with a float of 60.36 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.98 million, which was 4.24% higher than short shares on Mar 30, 2023. In addition to Mr. Dean A. Stoecker as the firm’s Co-Founder & Exec. Chairman, Mr. Mark F. Anderson serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 87.90% of AYX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.79% of AYX, in contrast to 37.28% held by mutual funds. Shares owned by individuals account for 15.56%. As the largest shareholder in AYX with 8.97% of the stake, The Vanguard Group, Inc. holds 5,526,460 shares worth 5,526,460. A second-largest stockholder of AYX, Capital Research & Management Co, holds 4,783,159 shares, controlling over 7.76% of the firm’s shares. Susquehanna Financial Group LLLP is the third largest shareholder in AYX, holding 2,836,433 shares or 4.60% stake. With a 3.02% stake in AYX, the American Funds Small Cap World Fu is the largest stakeholder. A total of 1,861,080 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.94% of AYX stock, is the second-largest Mutual Fund holder. It holds 1,810,132 shares valued at 74.45 million. Vanguard Small Cap Index Fund holds 2.49% of the stake in AYX, owning 1,532,291 shares worth 63.02 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AYX reported revenue of $180.62M and operating income of -$95.87M. The EBITDA in the recently reported quarter was -$93.04M and diluted EPS was -$1.56.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AYX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AYX analysts setting a high price target of $95.00 and a low target of $55.00, the average target price over the next 12 months is $66.13. Based on these targets, AYX could surge 146.11% to reach the target high and rise by 42.49% to reach the target low. Reaching the average price target will result in a growth of 71.32% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AYX stock several times over the past three months with 6 Buys and 7 Sells. In these transactions, 288,819 shares were bought while 50,404 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 633,809 while 158,681 shares were sold.
