The stock of Alteryx Inc. (NYSE:AYX) decreased by -$0.57 on Tuesday to finish at $30.03, down -1.86 percent. The last five days have seen an average of 2,580,820 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$20.64. The average number of shares traded over the last 20 days was 2,490,750, while the average volume over the last 50 days totaled 1,945,074.
AYX stock dropped -27.15% since last month. On 08/14/23, the company’s shares reached a one-month low of $28.48. The stock touched a high of $70.63 on 02/14/23, after rallying from a low of $28.48 in 52 weeks. The price of AYX stock has declined by -40.73% or -$20.64 this year, reaching a new high 13 times. Still, the stock price is down -57.48% from the 52-week high.
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Insider Transactions
AYX stock investors should be aware that Alteryx Inc. (AYX) stock had its last reported insider trading activity 75 days ago on Jun 02. On Jun 02, Chief Accounting Officer Natali Chris sold 1,000 shares at $43.31 each. This transaction resulted in the insider making $43,310. On Mar 08, Schloss Eileen sold 4,500 shares at a price of US$65.47. After the transaction, the insider now owns 6,715 shares. President & CRO Hansen Paula had earlier sold 6,500 shares on Nov 30 for $44.10 a share. The transaction was completed for $286,650.
Valuation Metrics
Beta for the stock is 0.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.34, the price-to-book (PB) ratio of 40.58.
Financial Health
For the three months ended June 29, Alteryx Inc.’s quick ratio was 2.60, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 23.75, and the total debt to equity ratio is 23.75. As far as profitability goes, gross margin for the trailing twelve months is 85.90% percent. Alteryx Inc.’s EBITDA margin for the year ended June 29 was -23.36%, whereas its operating margin stood at -34.20% for the same period. Based on annual data, it had gross profit of $737.57 million and revenue of $855.35 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AYX’s return on assets (ROA) during the last 12 months has been -19.20%. There was a -29.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -248.70%.
Earnings Surprise
According to Alteryx Inc.’s quarterly financial report for the quarter that ended June 29, it had $1.24 billion in total debt versus $213.0 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $188.0 million, while revenues rose by 3.93% to $199.09 million. It was predicted that Alteryx Inc.’s quarterly earnings would be -$0.37, but it ended up being -$0.67, beating the consensus by 44.80%. EBITDA was -$105.93 million for the quarter. At the end of Alteryx Inc.’s most recent quarter ended June 29, its liabilities totaled 1.68 billion, while its total debt was $1.29 billion. Equity owned by shareholders amounts to $71.05 million.
Technical Picture
Here’s a quick look at Alteryx Inc.’s (AYX) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 27.26%, suggesting the stock is oversold, with a 102.93% historical volatility rate.
The stochastic %K and %D were 10.26% and 7.08% respectively, while the average true range (ATR) was 2.12. Based on the 14-day stochastic reading of 11.72%, the RSI (14) reading is 29.65%. On the 9-day MACD Oscillator, the stock is at -2.66, and the 14-day reading is at -5.18.
Analyst Ratings
Alteryx Inc. (NYSE: AYX) was downgraded by Piper Sandler to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Alteryx Inc. (AYX) an Overweight rating. AYX is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is AYX’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $65.20, with a median target price of $45.00. In analyzing these forecasts, the average price target given by analysts for Alteryx Inc. (AYX) is $48.01.
