Buying Alteryx Inc. (AYX) Stock Is A Smart Move Today?

Alteryx Inc. (NYSE:AYX) finished Friday with an addition of $0.35 to close at $58.34, an upside of 0.60 percent. An average of 623,720 shares of common stock have been traded in the last five days. There was a gain of $0.18 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 805,085 shares traded, while the 50-day average volume stands at 793,608.

AYX stock has decreased by -6.91% in the last month. The company shares reached their 1-month lowest point of $54.88 on 01/10/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $54.88 and a high of $140.36 in 52 weeks. It has reached a new high 1 time so far this year and lost -3.57% or -$2.16 in price. In spite of this, the price is down -58.44% from the 52-week high.


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Insider Transactions

38 days have passed since Alteryx Inc. (AYX) last reported insider trading activity. Stoecker Dean, who is Director, most recently acquired $2,500 shares at $66.73 per share on Dec 08. In this transaction, the insider spent $166,822. Director, Stoecker Dean, disposed of 2,500 shares at a price of $65.82 on Dec 07. The insider now owns more than $164,557 worth of shares. Prior to that, Director Stoecker Dean went on to Sale 2,500 shares at $72.95 each on Nov 16. An amount of $182,382 was transacted.

Valuation Metrics

Alteryx Inc. (AYX) has a trailing price-to-earnings (P/E) ratio of 30.15 for the broader industry and 34.71 for the sector. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.49, the price-to-book (PB) ratio at 9.60, and the price-to-cash flow ratio at 78.18.

The quick ratio of Alteryx Inc. for the three months ended September 29 was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 1.84 for the quarter ending September 29. Its gross profit as reported stood at $451.47 million compared to revenue of $495.31 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Alteryx Inc.’s return on assets was -8.20%. For the broader industry, ROE averaged 3.97 over the past year.

Earnings Surprise

For the three-month period that ended September 29, Alteryx Inc. had $411.92 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$58.04 million in the quarter, while revenues of -$43.44 million were grew 107.51%. The analyst consensus anticipated Alteryx Inc.’s latest quarter earnings to come in at -$0.19 per share, but it turned out to be -$0.18, a 5.30% surprise. For the quarter, EBITDA amounted to -$31.9 million. Shareholders own equity worth $67.45 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Alteryx Inc. (AYX) price momentum. RSI 9-day as of the close on 14 January was 42.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.02%.

As of today, AYX’s price is $58.72 +0.31% or $0.18 from its 5-day moving average. AYX is currently trading -3.43% lower than its 20-day SMA and -20.68% lower than its 100-day SMA. However, the stock’s current price level is -24.97% below the SMA50 and -31.07% below the SMA200.

The stochastic %K and %D were 42.60% and 44.69%, respectively, and the average true range (ATR) was 2.83. With the 14-day stochastic at 41.00% and the average true range at 2.84, the RSI (14) stands at 41.97%. The stock has reached 0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.95.

Analyst Ratings

JP Morgan upgraded Alteryx Inc. (NYSE: AYX) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underweight.

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