With 5.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.1 million shares. The 52-week range on AI shows that it touched its highest point at $45.08 and its lowest point at $17.03 during that stretch. It currently has a 1-year price target of $29.92. Beta for the stock currently stands at 1.95.
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 -2.90%, but this was up by 11.48% over a month. Three-month performance dropped to -20.25% while six-month performance fell -14.36%. The stock lost -14.26% in the past year, while it has lost -33.98% so far this year. A look at the trailing 12-month EPS for AI yields -2.23 with Next year EPS estimates of -0.41. For the next quarter, that number is -0.20. This implies an EPS growth rate of 5.63% for this year and 6.55% for next year. EPS is expected to grow by 19.37% 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, 128.86 million AI shares are outstanding with a float of 117.37 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.
