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Monday, June 5, 2023

Is Qualtrics International Inc. (NASDAQ: XM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Qualtrics International Inc. (XM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.11%, to $17.91. The Qualtrics International Inc. has recorded 5,562 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Qualtrics Announces First Quarter 2023 Financial Results.

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Stocks Info

XM belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $17.93 and fluctuated between $17.94 as its day high and $17.92 as its day low. The current market capitalization of Qualtrics International Inc. is $10.88B. A total of 1.65 million shares were traded on the day, compared to an average of 4.84M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, XM has seen 6 BUY and 140 SELL insider trades, representing the acquisition of 802,886 and the disposition of 4,792,765 shares. Over the last 12 months, there were 25 BUYs and 173 SELLs from insiders. Insiders purchased 4,908,657 shares during that period but sold 6,875,547.

In the most recent transaction, Smith Ryan S sold 140,129 shares of XM for 15.97 per share on Feb 10. After the transaction, the Founder and Executive Chair now owns 12,065,438 company shares. In a previous transaction on Feb 10, Serafin Zig sold 130,628 shares at 15.97 per share. XM shares that Chief Executive Officer owns now total 11,443,802.

Among the insiders who sold shares, Beckstead Chris disposed of 64,764 shares on Feb 10 at a per-share price of $15.97. This resulted in the President holding 5,176,666 shares of XM after the transaction. In another insider transaction, Bachman Robert W sold 4,817 shares at $15.97 per share on Feb 10. Company shares held by the Chief Financial Officer now total 561,465.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for XM in the last 3 months, the mean price target is $18.40 with high estimates of $20.00 and low estimates of $18.00. In terms of 52-week highs and lows, XM has a high of $19.80 and a low of $9.32.

As of this writing, XM has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.03. The company reported an EPS of $0.03 in the last quarter, which was 50.00% higher than expectations of $0.02.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. XM’s latest balance sheet shows that the firm has $1.01B in Cash & Short Term Investments as of fiscal 2021. There were $282.20M in debt and $1.02B in liabilities at the time. Its Book Value Per Share was $3.22, while its Total Shareholder’s Equity was $2.19B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for XM is Hold with a score of 3.40. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 13 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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