Rosenblatt launched its Alteryx [AYX] rating to the equivalent of Buy and assigned the price target of $150.0, in a research note dated 2021-01-06. That figure represents around a 32.93% premium from where the company’s shares closed on Tuesday. Some new analysts also started their coverage, with Loop Capital’s analysts assigning the shares to “a Hold” rating in a research note to investors issued in mid September. In addition, there was a downgrade from Guggenheim on August 07, 2020. The rater changed AYX from “a Buy” to “a Neutral”.
Is Alteryx Inc. [NYSE:AYX] a Good Buy Right Now?
It should be noted that AYX technical indicators for short, intermediate as well as long term progress have placed an overall average of 56% as Sell. The average signal changed from 8% Sell in the last week and compares with 88% Sell in the past month. Data from Alteryx Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 1.44 million shares in the past 20 days and the short term average signal indicates a Hold. In the last 50 days, the average trading volume was 1.54 million shares while the medium term average advocated for 50% Sell. The average long-term signal stands at 100% Sell and the 100-day average volume stands at 1.81 million shares.
AYX Price Performance
On Wall Street, Alteryx Inc. [NYSE:AYX] finished Tuesday’s session up 1.51% at $112.84. The stock went up to $114.04 at the same session while its lowest single day price was $110.1101. In the last five days, it saw a fall of about -9.89%, Alteryx Inc. shares dropped by almost -7.35% since the beginning of the year. However, the share price has dropped to as low as -39.25% below its one year high. On 01/04/21, the company shares recorded $115.06, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $109.52. The company’s shares have inclined by 3.82% in the past year. The 50-day SMA achieved is $121.84 while the 200-day SMA is $129.23. Volume dropped to 1.8 million from 4.29 million in the previous session.
AYX Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 110.62 level, and in case of violation of this particular level, it will cause more drop to 108.40 level. On the upper level, 116.26 is still the key resistance. The stock may increase to the subsequent resistance at 114.55. The Relative Strength Index (RSI) pinned on the 14-day chart is 38.61, implying a neutral technical stance while the MACD stands at -8.74, meaning price will decrease in the next trading period. Percent R indicator moved to 86.44%, implying bearish price movement. Stochastic %K at 17.88% suggest selling the stock.
What is the short interest in Alteryx Inc.?
Short interest in the Alteryx Inc. stock has surged, increasing by 1.67 million shares to total 5.29 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 6.96 million, data from Yahoo Finance shows. The decrease of -31.57% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 12.01% of the overall float for the stock.
Alteryx Inc.’s Biggest Shareholders: Who Owns Alteryx Inc. [AYX]?
Filings by Capital Research & Management Co showed that the firm now holds a total of 4,601,556 shares or roughly 8.51% of the outstanding AYX shares. This means their shares have reduced by -274,424 from the 4,601,556 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $523,495,993. Details in the latest 13F filings reveal that Brown Capital Management LLC acquired their 12.33% stake valued at $458,456,429 while Capital Research & Management Co added theirs at $369,956,266. During the last quarter, Brown Capital Management LLC raised 419,898 of its shares in Alteryx Inc. while Capital Research & Management Co bought 659,870 shares. The Bares Capital Management, Inc.’s holdings currently number 2,741,498 shares at $309350634.32. According to the firm’s last 13F report, BlackRock Fund Advisors shares in the company at filing stood at 2,354,667 shares, roughly $282,183,293.
AYX Earnings Forecast For The Current Quarter
Alteryx Inc. [AYX] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $150.12M and an earnings per share of $0.3 for Dec 2020. Looking further ahead, the company is expected to report revenue of $119.07M at an EPS of $0 for Mar 2021. The estimates represent downside of 16.60% and 20.54% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
AYX Earnings Estimates For The Current Year
For the financial year, Alteryx Inc. [NYSE:AYX] is expected to bring in revenue of $484.88M. The returns are nearly $66.97 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.63, lower than that of FY19 by -$0.31. Estimates put this year’s earnings growth at -33.00%, 17.50% for the next, and at an annual 34.60% over the next 5-year period. As for sales, forecasts are for an increase of 16.00% in the current fiscal year and a further 16.60% over the following year.