Is AITX Stock Still a Good Buy? Will the Company Survive?

    Artificial Intelligence Technology Solutions is in talks because of the bearish momentum of its stock price. This company’s share price continues to fall to a low of $0.0084. The high year-to-date price of the AITX stock is $0.0122. The company delivering robotics and AI-based solutions lost almost 99% of market value from an all-time high. Now the downward trend is continuing.




    What is AITX?

    John B. Crawford founded AITX in March 2010. The company delivers artificial intelligence-driven technologies along with custom software, multi-use hardware, and cloud services. Overall, AITX ensures automation, security integration, concierge, and operational tasks.

    The company has several subsidiaries. Some of them are Robotic Assistance Devices, Robotic Assistance Devices Mobile, Robotic Assistance Devices Group, OMV Transports, and On the Move Experience.

    AITX Stock News

    AITX stock has been in the news for a while, with its product price and announcement of new investments.

    The prices of the company’s robotics products have increased by 18% – 29% recently. However, the fifty dealers of the firm will determine the final prices.

    Besides, the company has announced that it will invest in Circadian Risk, the risk assessment SaaS developer. The move is considered beneficial for both firms.

    The company has recently reported its financials for the third quarter of FY 2023. As per the stats, the company’s revenue has surged by 50% from the previous quarter. The firm also states that its gross margin has increased by 15%. Their projected recurring revenue by 2024 is $800,000.

    AITX stock and revenues are not the only flashing news these days. The Bailey 5 campaign launch is also in the talks. The campaign will see AITX donate AI-based security solutions to US schools.

    Latest Financial Reports

    The fact is that AITX is not in its best phase for financial growth in the last few years. In 2019 and 2020, the company’s net loss was $6.21 million and $5.9 million, respectively.

    In the first quarter of 2021, the loss amounted to $35.9 million. However, AITX managed to limit the loss to $4.8 million in the second quarter and $7 million in the third. The revenue figures were also pitiful.

    There is an interesting indication of the financial health of AITX in its balance sheet. The debt-to-asset ratio was more than 270%. The assets were less than the liabilities too. Whereas the company’s assets were worth $9.27 million, the financial report suggests that its liabilities were worth $25.37 million.

    In October, the company reported a rise in subscription revenue by 85%. And the gross profit margin reached 87%. It diluted shareholders through AITX stock issuance and received $4 million in proceeds of shares. The company hopes to receive $4-$6 million by this year.

    Meanwhile, Robotic Assistance Devices, an AITX subsidiary, bagged orders from four clients to deliver thirty-three security robots. It includes five TOM robots and twenty-eight ROSAs. But, it’s not sure how much of the funds obtained by RAD will go to AITX.

    AITX Shareholders

    AITX doesn’t have giant investors, unlike Vanguard and Blackrock, because it’s a penny stock. MAI Capital Management, Baxter Brothers, and Williams Jones Wealth Management are some biggest shareholders in AITC AITX stock. The company’s CEO, Steven Reinharz, is probably a major stakeholder.

    Fundamentals of the Company

    AITX has three firms under it, including RAD, RAD.M, and RAD-G. It targets manufacturing firms regarding stationary workflow automation.

    The company has made some significant moves to establish itself as a prominent AI-hardware solution providing firm. The moves include announcing RAD’s signing of Prudential Alarm as an authorized dealer. Besides, it indicated receiving multiple orders through the collaboration. AITX is hopeful about an increase in its sales in the upcoming years.

    AITX Stock Forecast

    The investors will undoubtedly be eager to know more about the AITX stock forecast. AITX stocks have been seeing sideways trading for the last few days. The stock price has been low, with no noticeable gain. The stock prices of AITX are currently trading far lower than those in 2018. AITX stock prices traded at more than $7,000 back then.

    Since October 2021, the stock prices for the company have lost 80% of their value. Recently it has been around $0.0061-$0.018.

    The stock crashed below the important support level and will likely continue falling. The sellers will target the key support level next, which is $0.0050. The stock may crash further to as low as $0.0040.

    AITX Stock Predictions 2025

    AITX stock predictions 2025 are that the stock prices of the company will see 41% growth on average. The stock prices are expected to rise between 2023 and 2025 and stay relatively stable. But the possibility of the stock prices trading at $0.05-$1.00 by 2025 can’t be entirely removed.

    AITX Stock Predictions 2030

    What are the AITX stock predictions 2030? By 2030, the AITX stock may be trading between $5 and $10. Also, the prices could be $20 in the next seven years.

    Conclusion

    In conclusion, there must be only one question in your mind, is AITX stock a good investment? If your financial goals are long-term, AITX is definitely good for you. The company’s stock prices have been so volatile earlier that we have seen a 94% growth within just three days. The return is higher in this investment than many traditional institutions offering below 20% return.



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