Stocks of Alteryx Inc. (AYX) are poised to climb above their peers

Alteryx Inc. (NYSE: AYX) stock jumped 4.79% on Monday to $36.52 against a previous-day closing price of $34.85. With 3.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.16 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $37.18 whereas the lowest price it dropped to was $35.35. The 52-week range on AYX shows that it touched its highest point at $70.63 and its lowest point at $27.92 during that stretch. It currently has a 1-year price target of $47.85. Beta for the stock currently stands at 0.49.

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 1.05%, but this was up by 28.28% over a month. Three-month performance dropped to -19.67% while six-month performance fell -36.19%. The stock lost -45.34% in the past year, while it has lost -27.93% so far this year. A look at the trailing 12-month EPS for AYX yields -4.51 with Next year EPS estimates of 1.11. For the next quarter, that number is -0.06. This implies an EPS growth rate of -73.80% for this year and 69.36% 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, 70.65 million AYX shares are outstanding with a float of 61.30 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.98 million, which was 5.60% higher than short shares on Jul 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 85.78% of AYX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.75% of AYX, in contrast to 36.95% held by mutual funds. Shares owned by individuals account for 15.05%. As the largest shareholder in AYX with 10.37% of the stake, The Vanguard Group, Inc. holds 6,547,224 shares worth 6,547,224. A second-largest stockholder of AYX, Capital Research & Management Co, holds 3,123,190 shares, controlling over 4.94% of the firm’s shares. Mackenzie Financial Corp. is the third largest shareholder in AYX, holding 2,966,668 shares or 4.70% stake. With a 3.38% stake in AYX, the American Funds Small Cap World Fu is the largest stakeholder. A total of 2,137,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.87% of AYX stock, is the second-largest Mutual Fund holder. It holds 1,812,262 shares valued at 53.5 million. Vanguard Small Cap Index Fund holds 2.45% of the stake in AYX, owning 1,545,994 shares worth 45.64 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 Jun 29, 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 $64.00 and a low target of $30.00, the average target price over the next 12 months is $47.11. Based on these targets, AYX could surge 75.25% to reach the target high and fall by -17.85% to reach the target low. Reaching the average price target will result in a growth of 29.0% 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 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 394,197 while 136,556 shares were sold.