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Thursday, October 22, 2020

Is Now the Time to Invest in Alteryx Inc. (NYSE:AYX)?

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Alteryx Inc. (AYX) shares are trading at lower $143.68 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $158.25.

To add more color to this target, the company’s high over the last year is $185.75 and the low is $75.17. Over the last 52 weeks, AYX is up 33.41% while the S&P 500 is up 18.10%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AYX reported a profit of $86.6 million. Alteryx Inc. also saw revenues increase to $96.23 million. In addition, AYX has free cash flow of -$3.77 million as of 06-2020. The company’s EBITDA came in at -$7.13 million which compares well with its peers.

AYX booked profit margins of -5.70%, its Return on Equity (ROE) is -6.40%, and its Return on Assets is -2.00%. All told, it is clear that, AYX needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AYX has a short ratio of 3.74 and outstanding shares of 66.04M.

Company Outlook

AYX has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.51. Alteryx Inc. AYX also noted assets of $1.32 billion at the end of the last quarter. Investors should also keep an eye on sector updates as AYX has historically followed its peers on positive news.

All told, Alteryx Inc. AYX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AYX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Alteryx Inc. AYX is now commanding a market cap of 9.89B and a float of 53.04M. AYX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AYX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AYX, either long or short, and we have not been compensated for this article.

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