AITX Stock Forecast and Operations Overview
Artificial Intelligence Technology Solutions Inc. (AITX stock) is currently trading at $0.0036, showing a 3.20% increase (+$0.00011). AITX develops hardware, software, firmware, and procedures that enable enterprise businesses to leverage AI-enabled devices for facility management and security-related operations. The company’s services allow businesses to enhance and expand critical operations while achieving significant cost savings.
AITX operates through three subsidiaries: Robotic Assistance Devices Group, Inc., Robotic Assistance Devices, Inc. (RAD), and Robotic Assistance Devices Mobile, Inc. RAD offers innovative solutions such as RADDOG, ROSA, AVA, RIO, ROSS, and other hardware and software designed to reduce end-user costs while enhancing security and safety.
They design, develop, and implement solutions that use artificial intelligence in conjunction with custom hardware, cloudware, mobile software, and other components to carry out facility and personnel protection tasks. Hence, with these solutions, AITX aims to disrupt and advance the security integration and security guarding industries.
In Ferndale, Michigan, on 70,000 square feet of private, fenced land, AITX operates a 30,000-square-foot corporate office and factory output headquarters. The company owns a 2000-square-foot service facility and it is located in Orange County, CA.
AITX stock might be interesting for traders due to its innovative AI-driven security solutions and potential to disrupt traditional security industries. Its low share price could offer a significant upside if the company’s technology gains widespread adoption.
AITX Stock Forecast
Looking ahead to 2024, AITX stock predictions vary widely. On the high end, estimates reach $0.01572, while the low forecast stands at $0.00171. Taking these projections into account, the average target price for AITX stock is calculated at $0.00869. Notably, this average target represents a significant potential increase of +337.36% from the most recent recorded price of $0.00342. However, it’s important to remember that these are predictions, and actual performance may differ.
Analysts expect AITX to rise by +641.09% from its current price to an average of $0.01884 in 2025. Furthermore, with a high estimate of $0.02832 and a low estimate of $0.00948.
Looking ahead to 2029, analysts have made several projections for AITX stock. Specifically, they forecast an average price of $0.06420, with estimates ranging from a low of $0.04344 to a high of $0.08496. Notably, even the lowest estimate represents a significant potential increase. In fact, the average projected price reflects a remarkable +2095.83% increase from the current price.
Similarly, analysts predict that AITX stock will average $0.07416 in 2030, ranging from $0.05076 to $0.09756, marking an impressive +2245.64% increase from the previous price.
AITX/USD 5-Day Chart
AITX: Support Level, Volatility, and Financial Overview
In other AITX stock news, the accumulated trading volume at $0.0035 suggests a support level for Artificial Intelligence Technology Solutions Inc., potentially indicating a buying opportunity as an upward price movement may occur from this support level.
This stock is regarded as “high risk” because of its potential for large daily fluctuations (volatility) and sporadic periods of low trading volume.
The stock fluctuated $0.0003 or 9.09% between the high and low points over the previous day. The stock has experienced 9.26% daily average volatility over the past week.
The RSI14 (19) indicates that artificial intelligence is oversold. As a result, stocks might drop sharply and extensively before rebounding, posing a substantial risk of loss.
Currently, the market cap value of AITX stock stands at $39.61 million. As for financial reporting, the most recent earnings report for Artificial Intelligence Technology Solutions was released on July 16, 2024, which was 22 days ago. Additionally, it’s worth noting that, at present, Artificial Intelligence Technology Solutions does not pay dividends to its shareholders.
How to Buy AITX Stock
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AITX Stock Price History
Fiscal Year Ends: 2/29/2024
Most Recent Quarter: 5/31/2024
Profit Margin: 0.00%
Operating Margin: -239.54%
Return on Assets: -120.93%
Revenue: 3.03M
Revenue Per Share: 0.00
Quarterly Revenue Growth: 207.10%
EBITDA: -12.32M
Net Income Avi to Common: -20.35M
Diluted EPS: -0.0000
Beta: 4.91
52 Week Range: -35.45%
S&P 500 52-Week Change: 17.29%
52 Week High: 0.0099
52 Week Low: 0.0019
50-Day Moving Average: 0.0049
200-Day Moving Average: 0.0039
Average Vol (3 months): 76.01M
Average Vol (10 days): 68.99M
Shares Outstanding: 1.16B
Implied Shares Outstanding: 11.62B
Float: 11.16B
Final Thoughts
In conclusion, the analysis of AITX stock shows a volatile but potential investment opportunity. Furthermore, with current prices at $0.0036 and substantial growth projections for the coming years, the stock presents significant upside potential suitable for all investors.
However, it’s crucial to remember that investing in AITX or any security carries inherent risks due to market conditions and high volatility.
The provided information is for educational purposes only and should not be construed as investment advice. Investors must consult financial advisors to determine if AITX aligns with their financial goals and risk tolerance.
No representation or warranty is made regarding future performance, and past results do not guarantee future outcomes. Always conduct a thorough research about investments involved in securities involves consider your financial situation and future results before deciding to buy or sell securities.
The post AITX Stock Overview: Current Price & Future Potential appeared first on FinanceBrokerage.