With 9.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.89 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 $28.57. Beta for the stock currently stands at 2.03.
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 up-trending over the past week, with a rise of 9.90%, but this was up by 14.38% over a month. Three-month performance surged to 13.35% while six-month performance fell -31.33%. The stock gained 4.39% in the past year, while it has lost -27.48% so far this year. A look at the trailing 12-month EPS for AI yields -2.23 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.14. This implies an EPS growth rate of 11.69% for this year and 64.34% for next year.
Float and Shares Shorts:
At present, 132.74 million AI shares are outstanding with a float of 119.21 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.
