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- 1 Following a decline in its price, AYX stock noted an over 6% drop in its weekly price analysis.
- 2 Last week began with the bulls’ dominance which then ended with bears’ dominance.
Alteryx (NYSE: AYX) stock price showed a bearish market trend last week that drove its price below $41.00. The AYX stock price started its last week trading with $43.36 while its weekly high was nearly at $45.75. Near the weekend, Alteryx stock price dropped to its weekly low by showing bears dominance. Moreover, near to the weekend, the stock price started following its way towards the oversold zone.
AYX share price not only showed a weekly price decline but it further showed a recent 1-month price drop by 8.11%. In its year-to-date (YTD) price analysis, AYX share price showed more than 21% decline in its trading price. On the other hand, in the last 1-year the stock price lost over 16% of investors’ interest in Alteryx Inc. Notably, its 52-week high was noted at $70.63 earlier in February 2023, whereas the 52-week low was $34.70 in late May 2023.
AYX Stock Price Analysis
On July 14, 2023, Friday’s trading session, Alteryx stock price closed at $40.36 by losing $1.99 and a 4.70% price decline. In the intraday trading session, the stock’s opening price was $42.47, whereas high was at $42.74 and low was at $40.22. Notably, the weekly price performance of AYX stock showed a 6.03% price drop, as per the data sourced from TradingView, a web-based social network for traders.
As shown in the above price chart, the trading price of AYX share price dropped below from its 20-day moving average. As bears have shown their dominance, the RSI slid down while almost reaching its oversold zone. However, earlier last week, AYX share price was trading nearly to its 50-day moving average. It further reached its 100-day moving average while gaining bears increased interest.
The 1-year price target that analysts have set for Alteryx Inc. is showing at $66.48, which is up more than 64% from the recent closing of AYX share price. Although the analysts also have their maximum estimate at $95.00, the minimum estimate is showing at $55.00. Moreover, the analysts have given a “buy” rating to the Alteryx stock in the past 3-months.
The Fundamentals of Alteryx Inc.
Alteryx Inc. (NYSE: AYX), an American computer software company, has a market cap of nearly $2.84 Billion. In late April 2023, the company released its first quarter (Q1) 2023 report stating its net income to be negative $89.03 Million. Its earnings per share (EPS) is negative $0.19, whereas the estimation was negative $0.27, which accounts for a 28.50% surprise.
The revenue for the same period amounts to $199.09 Million despite the estimated figure of $199.93 Million. For the upcoming Q2 2023, the estimated EPS is negative $0.67, and revenue is expected to reach $182.06 Million. Additionally, last year’s revenue for Alteryx Inc. amounted to $855.35 Million, out of which, nearly $447.20 Million came from its highest performing source at the moment, Subscription-based Software License.
The greatest contribution to Alteryx’s revenue figure was made by the U.S. which last year accounted for $597.86 Million. Last but not the least, a major share of Alteryx Inc. is held by institutions that is over 87%. Vanguard Group, Inc., Blackrock Inc., and Capital World Investors are the 3-leading institutional holders of the computer software company, as per data collected from Yahoo Finance, the U.S.-based business news platform, stated.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
