Sprinklr Inc. [NYSE: CXM] jumped around 0.27 points on Thursday, while shares priced at $10.32 at the close of the session, up 2.69%. The company report on March 14, 2023 that Sprinklr Study Finds 60% of Brands Struggle with Ineffective AI for Customer Service.
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Only 22% of customer service leaders say their organization has completely unified customer data and a majority struggle with analyzing, utilizing, and sharing data.
Sprinklr (NYSE: CXM), the unified customer experience management (Unified-CXM) platform for modern enterprises, today announced the results of a new research report created in partnership with Customer Contact Week (CCW) Digital, Outsmarting Adversities | Customer Service Trends & Opportunities, which revealed alarming statistics for customer service teams and brands.
Sprinklr Inc. stock is now 26.32% up from its year-to-date (YTD) trading value. CXM Stock saw the intraday high of $10.41 and lowest of $9.9305 per share. The company’s 52-week high price is 15.05, which means current price is +35.79% above from all time high which was touched on 03/09/23.
Compared to the average trading volume of 804.61K shares, CXM reached a trading volume of 4016323 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Sprinklr Inc. [CXM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CXM shares is $11.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CXM stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Sprinklr Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 24, 2023. The new note on the price target was released on January 12, 2023, representing the official price target for Sprinklr Inc. stock. Previously, the target price had yet another drop from $12 to $8, while Stifel kept a Hold rating on CXM stock.
The Average True Range (ATR) for Sprinklr Inc. is set at 0.39, with the Price to Sales ratio for CXM stock in the period of the last 12 months amounting to 4.83. The Price to Book ratio for the last quarter was 5.19, with the Price to Cash per share for the same quarter was set at 1.97.
How has CXM stock performed recently?
Sprinklr Inc. [CXM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.91. With this latest performance, CXM shares dropped by -6.35% in over the last four-week period, additionally sinking by -5.84% over the last 6 months – not to mention a drop of -7.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CXM stock in for the last two-week period is set at 46.45, with the RSI for the last a single of trading hit 41.68, and the three-weeks RSI is set at 50.60 for Sprinklr Inc. [CXM]. The present Moving Average for the last 50 days of trading for this stock 9.98, while it was recorded at 10.14 for the last single week of trading, and 10.10 for the last 200 days.
Sprinklr Inc. [CXM]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Sprinklr Inc. [CXM] shares currently have an operating margin of -17.76 and a Gross Margin at +69.95. Sprinklr Inc.’s Net Margin is presently recorded at -22.64.
Return on Equity for this stock declined to -31.91, with Return on Assets sitting at -14.80.
Sprinklr Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.
Insider trade positions for Sprinklr Inc. [CXM]
There are presently around $849 million, or 70.40% of CXM stock, in the hands of institutional investors. The top three institutional holders of CXM stocks are: BATTERY MANAGEMENT CORP. with ownership of 23,137,036, which is approximately 0% of the company’s market cap and around 2.20% of the total institutional ownership; H&F CORPORATE INVESTORS IX, LTD., holding 10,861,506 shares of the stock with an approximate value of $112.09 million in CXM stocks shares; and VANGUARD GROUP INC, currently with $88.98 million in CXM stock with ownership of nearly 17.41% of the company’s market capitalization.
Positions in Sprinklr Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 72 institutional holders increased their position in Sprinklr Inc. [NYSE:CXM] by around 19,627,993 shares. Additionally, 58 investors decreased positions by around 5,657,530 shares, while 22 investors held positions by with 57,018,276 shares. The mentioned changes placed institutional holdings at 82,303,799 shares, according to the latest SEC report filing. CXM stock had 39 new institutional investments in for a total of 15,952,452 shares, while 24 institutional investors sold positions of 1,581,994 shares during the same period.