With 4.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.53 million shares. The 52-week range on AI shows that it touched its highest point at $45.08 and its lowest point at $18.85 during that stretch. It currently has a 1-year price target of $36.07. Beta for the stock currently stands at 1.97.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AI was down-trending over the past week, with a drop of -13.40%, but this was down by -15.25% over a month. Three-month performance surged to 7.39% while six-month performance rose 15.90%. The stock gained 5.36% in the past year, while it has lost -17.22% so far this year. A look at the trailing 12-month EPS for AI yields -2.22 with Next year EPS estimates of -0.52. For the next quarter, that number is -0.25. This implies an EPS growth rate of -33.50% for this year and 16.60% for next year. EPS is expected to grow by 6.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -46.24%.
Float and Shares Shorts:
At present, 125.57 million AI shares are outstanding with a float of 112.53 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AI since 11 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.63318 being high and -$0.69254 being low. For AI, this leads to a yearly average estimate of -$0.66286. Based on analyst estimates, the high estimate for the next quarter is -$0.17 and the low estimate is -$0.3. The average estimate for the next quarter is thus -$0.26.
