Alteryx, Inc. (NYSE:AYX) is 4.44 points higher today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has climbed by nearly 3.39% to $135.52 from its previous close of $131.08. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 817742 contracts so far this session. AYX shares had a relatively better volume day versus average trading capacity of 1.29 million shares, but with a 48.39 million float and a 4.32% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AYX stock indicates that the average analyst price target is $138.45 per share. This means the stock has a potential increase of 2.16% from where the AYX share price has been trading recently which is between $128.51 and $132.62. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $100.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “/C O R R E C T I O N — Alteryx, Inc./” and dated August 13, 2019.
During the recent trading session for Alteryx, Inc. (NYSE:AYX), the company witnessed their stock rise $10.2 over a week and surge $21.01 from the price 20 days ago. When compared to their established 52-week high of $135.81, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/13/19. The recent low of $42.23 stood for a 0.39% since 10/23/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Alteryx, Inc., the two-week RSI stands at 70.65. This figure suggests that AYX stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current AYX readings is similarly very revealing as it has a stochastic reading of 87.02% at this stage. This figure means that AYX share price today is being oversold.
Technical chart claims that Alteryx, Inc. (AYX) would settle between $132.96/share to $134.85/share level. However, if the stock price goes below the $128.85 mark, then the market for Alteryx, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $126.63 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 2.62. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Compass Point, assumed coverage of AYX assigning Buy rating, according to their opinion released on August 13. BofA/Merrill analysts again handed out a Buy recommendation to Alteryx, Inc. (NYSE:AYX) stock but they lifted target price for the shares in a flash note issued to investors on August 01. The target price has been raised from $126 to $140. Analysts at Needham are sticking to their Buy stance. However, on July 30, they lifted price target for these shares to $139 from $120.
AYX equity has an average rating of 1.93, with the figure leaning towards a bullish end. 14 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 10 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 10 analysts rated Alteryx, Inc. (NYSE:AYX) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, AYX stock price is currently trading at 170.9X forward 12-month Consensus EPS estimates, and its P/S ratio is 11.44 while for the average stock in the same group, the multiple is 5.19.
Alteryx, Inc. (AYX)’s current-quarter revenues are projected to climb by nearly 66.98% to hit $90.47 million, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 82.11% from $204300 to a noteworthy $372050. At the other end of the current quarter income statement, Alteryx, Inc. is expected to see its adjusted earnings surge by roughly 0% to hit $0.08 per share. For the fiscal year, AYX’s earnings are projected to climb by roughly 2500% to hit $0.48 per share.