Sprinklr Inc (NYSE:CXM) finished Friday with a subtraction of -$0.46 to close at $13.84, a downside of -3.22 percent. An average of 1,215,220 shares of common stock have been traded in the last five days. There was a fall of -$0.49 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 1,748,150 shares traded, while the 50-day average volume stands at 1,400,440.
CXM stock has decreased by -7.86% in the last month. The company shares reached their 1-month lowest point of $13.69 on 09/29/23. With the stock rallying to its 52-week high on 09/07/23, shares of the company touched a low of $7.25 and a high of $16.68 in 52 weeks. It has reached a new high 34 times so far this year and achieved 69.40% or $5.67 in price. In spite of this, the price is down -17.03% from the 52-week high.
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Insider Transactions
CXM stock investors should be aware that Sprinklr Inc (CXM) stock had its last reported insider trading activity 4 days ago on Sep 26. In this transaction, the insider spent $170,258. Chief Financial Officer, Sarin Manish, disposed of 20,000 shares at a price of $14.74 on Sep 20. The insider now owns more than $294,800 worth of shares. Prior to that, Chief Financial Officer Sarin Manish went on to Sale 18,532 shares at $14.86 each on Sep 18. An amount of $275,386 was transacted.
Valuation Metrics
Sprinklr Inc (CXM) has a trailing price-to-earnings (P/E) ratio of 631.96. The stock’s beta is 0.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.55, the price-to-book (PB) ratio at 6.06, and the price-to-cash flow ratio at 86.87.
Financial Health
The quick ratio of Sprinklr Inc for the three months ended July 30 was 1.97, and the current ratio was 1.97, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.05 for the quarter ending July 30. Its gross profit as reported stood at $454.46 million compared to revenue of $618.19 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $10.49 million in the quarter, while revenues of $2.81 million were grew 328.12%. The analyst consensus anticipated Sprinklr Inc’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.09, a 80.00% surprise. For the quarter, EBITDA amounted to $9.3 million. Shareholders own equity worth $270.47 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sprinklr Inc (CXM) price momentum. RSI 9-day as of the close on 29 September was 30.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.89%.
As of today, CXM’s price is $14.14 -3.42% or -$0.49 from its 5-day moving average. CXM is currently trading -8.53% lower than its 20-day SMA and +21.83% higher than its 100-day SMA. However, the stock’s current price level is -1.84% below the SMA50 and +58.35% above the SMA200.
The stochastic %K and %D were 12.09% and 9.63%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 7.95% and the average true range at 0.46, the RSI (14) stands at 37.06%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.36.
Analyst Ratings
DA Davidson launched coverage on Sprinklr Inc (NYSE: CXM) in its analyst report released on July 25, 2023. The firm assigned the stock a Buy rating. The consensus rating for Sprinklr Inc (CXM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CXM, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.
What is CXM’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $24.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for Sprinklr Inc (CXM) stock is $18.75.
