AYX Stock Summary and Trading Ideas (Alteryx Class A | NYSE:AYX)

Alteryx Inc is a software company that provides self-service data analytics software. Alteryx delivers easy end-to-end automation of data engineering, analytics, reporting, machine learning, and data science processes, enabling enterprises everywhere to democratize data analytics across their organizations for a broad range of use cases. The company generates its revenue from the sale of a subscription-based software platform.

Alteryx Class A trades on the NYSE stock market under the symbol AYX.

As of April 16, 2024, AYX stock price was flat at $48.26 with million shares trading.

AYX has a beta of 1.21, meaning it tends to be more sensitive to market movements. AYX has a correlation of 0.06 to the broad based SPY ETF.

AYX has a market cap of $3.53 billion. This is considered a Mid Cap stock.

Last quarter Alteryx Class A reported $351 million in Revenue and $1.70 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.54.

In the last 3 years, AYX stock traded as high as $90.57 and as low as $27.92.

AYX has underperformed the market in the last year with a return of -10.4%, while the SPY ETF gained +24.2%. In the last 3 month period, AYX fell short of the market, returning +1.7%, while SPY returned +6.4%. However, in the most recent 2 weeks AYX has outperformed the stock market by returning 0.0%, while SPY returned -3.2%.

AYX support price is $48.26 and resistance is $48.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AYX stock will trade within this expected range on the day.