Alteryx, Inc. (NYSE:AYX) current P/S is an unimpressive 11.44. The overall Computer Software: Prepackaged Software group has an average P/S ratio of 5.19, which is significantly worse than the sector’s 2.47.
AYX traded at an unexpectedly high level on 07/15/2019 when the stock experienced a 1.55% gain to a closing price of $116.78. The company saw 1334907 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 1094820 shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 17.31% move, based on the high target price ($137) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $112.17 price target, but the stock is already up 202.7% from its recent lows. However, the stock is trading at -2.08% versus recent highs ($119.26). Analysts believe that we could see stock price minimum in the $75 range (lowest target price), allowing for another -35.78% drop from its current position. Leading up to this report, we have seen a 14.34% rise in the stock price over the last 30 days and a 40.06% increase over the past 3 months. Overall, the share price is up 96.37% so far this year. Additionally, the stock had a day price range of $113.81 to $117.7.Alteryx, Inc. (AYX) Price Potential
Heading into the stock price potential, Alteryx, Inc. by far traveled -1.1% after crossing its median price target of $115.5. In order to determine directional movement, the 50-day and 200-day moving averages for Alteryx, Inc. (NYSE:AYX) are $103.08 and $83.43. Given that liquidity is king in the short-term, AYX is a stock with 64.08 million shares outstanding that normally trades 13.02% of its float. The stock price recently experienced a 5-day gain of 0.02% with 4.28 average true range (ATR). AYX has a beta of 0 and RSI is 68.73.
Investors also need to beware of the Fortinet, Inc. (NASDAQ:FTNT) valuations. The stock trades on a P/S of 7.72, which suggests that the shares are attractive compared with peers. The broad Computer peripheral equipment industry has an average P/S ratio of 363.95, which is significantly worse than the sector’s 18.08.Fortinet, Inc. (FTNT)’s Lead Over its Technicals
Fortinet, Inc. by far traveled 36.53% versus a 1-year low price of $62.27. The share price was last seen 0.37% higher, reaching at $85.02 on Jul. 15, 2019. At recent session, the prices were hovering between $83.64 and $85.23. This company shares are 7.45% off its target price of $91.35 and the current market capitalization stands at $14B. The recent change has given its price a 8.32% lead over SMA 50 and -12.31% deficit over its 52-week high. The stock witnessed 10.98% gains, -8.29% declines and 16.04% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FTNT’s volatility during a week at 2.49% and during a month it has been found around 2.55%.
Fortinet, Inc. (FTNT) exchanged hands at an unexpectedly low level of 1819554 shares over the course of the day. Noting its average daily volume at 1868220 shares each day over the month, this signifies a pretty significant change over the norm.