Sprinklr Inc [CXM] stock Downgrade by DA Davidson analyst, price target now $9

Sprinklr Inc [NYSE: CXM] stock went on a downward path that fall over -2.95% on Tuesday, amounting to a one-week price decrease of less than -4.25%.

Over the last 12 months, CXM stock dropped by -41.29%. The one-year Sprinklr Inc stock forecast points to a potential upside of 27.58. The average equity rating for CXM stock is currently 2.13, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $2.27 billion, with 151.14 million shares outstanding and 115.45 million shares in the current float. Compared to the average trading volume of 2.34M shares, CXM stock reached a trading volume of 4279262 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $11.82 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 2.13. 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.

DA Davidson have made an estimate for Sprinklr Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 06, 2024. While these analysts kept the previous recommendation, Cantor Fitzgerald dropped their target price from $16 to $10. The new note on the price target was released on June 06, 2024, representing the official price target for Sprinklr Inc stock. Previously, the target price had yet another raise to $19, while KeyBanc Capital Markets analysts kept a Overweight rating on CXM stock.

The Average True Range (ATR) for Sprinklr Inc is set at 0.41, with the Price to Sales ratio for CXM stock in the period of the last 12 months amounting to 3.01. The Price to Book ratio for the last quarter was 3.76, with the Price to Cash per share for the same quarter was set at 2.31. Price to Free Cash Flow for CXM in the course of the last twelve months was 31.07 with Quick ratio for the last quarter at 1.83.

CXM Stock Performance Analysis:

Sprinklr Inc [CXM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.25. With this latest performance, CXM shares dropped by -31.57% in over the last four-week period, additionally sinking by -23.71% over the last 6 months – not to mention a drop of -41.29% 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 17.11, with the RSI for the last a single of trading hit 12.49, and the three-weeks RSI is set at 21.84 for Sprinklr Inc [CXM]. The present Moving Average for the last 50 days of trading for this stock 11.35, while it was recorded at 8.82 for the last single week of trading, and 12.90 for the last 200 days.

Insight into Sprinklr Inc Fundamentals:

Sprinklr Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.83 and a Current Ratio set at 1.83.

CXM Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CXM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sprinklr Inc go to 30.00%.

Sprinklr Inc [CXM] Institutonal Ownership Details

The top three institutional holders of CXM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CXM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CXM stock with ownership which is approximately 5.8386%.

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