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Is Alteryx Inc. (NYSE: AYX) Stock Worth Investing In for High Returns?

In the last trading session, 3.51 million Alteryx Inc. (NYSE:AYX) shares changed hands as the company’s beta touched 0.49. With the company’s per share price at $36.52 changed hands at $1.67 or 4.79% during last session, the market valuation stood at $2.65B. AYX’s last price was a discount, traded about -93.4% off its 52-week high of $70.63. The share price had its 52-week low at $27.92, which suggests the last value was 23.55% up since then. When we look at Alteryx Inc.’s average trading volume, we note the 10-day average is 3.56 million shares, with the 3-month average coming to 2.16 million.

Analysts gave the Alteryx Inc. (AYX) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended AYX as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Alteryx Inc.’s EPS for the current quarter is expected to be -$0.06.

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Alteryx Inc. (NYSE:AYX) trade information

Instantly AYX was in green as seen at the end of in last trading. With action 1.05%, the performance over the past five days has been green. The jump to weekly highs of 37.18 on Monday, 09/18/23 added 4.79% to the stock’s daily price. The company’s shares are showing year-to-date downside of -27.93%, with the 5-day performance at 1.05% in the green. However, in the 30-day time frame, Alteryx Inc. (NYSE:AYX) is 28.28% up. Looking at the short shares, we see there were 3.98 million shares sold at short interest cover period of 1.5 days.

The consensus price target for the stock as assigned by Wall Street analysts is $47.11, meaning bulls need an upside of 22.48% from its current market value. According to analyst projections, AYX’s forecast low is $30.00 with $64.00 as the target high. To hit the forecast high, the stock’s price needs a -75.25% plunge from its current level, while the stock would need to tank 17.85% for it to hit the projected low.

Alteryx Inc. (AYX) estimates and forecasts

Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Alteryx Inc. will fall -20.00%, while the growth in revenue is estimated to hit 41.70% for the next quarter. Year-over-year growth is forecast to reach 9.30% up from the last financial year.

Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of $210.23 million. 15 analysts are of the opinion that Alteryx Inc.’s revenue for the quarter ending Dec 2023 will be $337.5 million. The company’s revenue for the corresponding quarters a year ago was $215.71 million and $301.08 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.50%. The estimates for the next quarter sales put growth at 12.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 98.39%. The 2023 estimates are for Alteryx Inc. earnings to decrease by -73.80%, but the outlook for the next 5-year period is at 1.00% per year.

AYX Dividends

Alteryx Inc. is expected to release its next quarterly earnings report between October 30 and November 03.

Alteryx Inc. (NYSE:AYX)’s Major holders

On Key

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