🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Sprinklr stock hits 52-week low at $6.92 amid market challenges

Published 10/10/2024, 09:36 PM
CXM
-

Sprinklr Inc. (CXM), a customer experience management platform, has seen its stock price touch a 52-week low, dipping to $6.92. This latest price point underscores a challenging period for the company, which has experienced a significant downturn over the past year, with its stock value shrinking by 49.64%. The decline reflects broader market trends and investor sentiment, as the company navigates through a competitive landscape and evolving industry demands. The 52-week low serves as a critical marker for Sprinklr, as stakeholders and analysts assess the company's strategic direction and potential for recovery in the coming months.

In other recent news, Sprinklr, a leading social media management company, has been the subject of several analyst assessments. Barclays downgraded the company's shares from Overweight to Underweight, citing concerns about Sprinklr's competitive positioning in the rapidly evolving software and generative AI landscape. KeyBanc Capital Markets and Rosenblatt also adjusted their outlook on Sprinklr, reducing their price targets while maintaining overweight and buy ratings respectively.

This comes after Sprinklr reported an 11% year-over-year increase in total revenue, reaching $197.2 million for the second quarter of fiscal year 2025. However, the company's operating margins and per-share earnings fell short of projections. Furthermore, Sprinklr's total and current bookings showed a sharp decline, indicating potential issues within the company.

Despite these challenges, Sprinklr continues to attract new customers such as UBS, Ford (NYSE:F), T-Mobile, Grupo Bimbo, and Planet Fitness (NYSE:PLNT). For the third quarter, Sprinklr projects total revenue to be between $196 million and $197 million, with subscription revenue estimated at $177.5 million to $178.5 million. These recent developments highlight the company's commitment to refining its execution and go-to-market strategy in the face of market dynamics.

InvestingPro Insights

Sprinklr Inc.'s recent touch of a 52-week low aligns with several key insights from InvestingPro. The stock's significant decline is reflected in InvestingPro data, which shows a one-year price total return of -51.04% as of the latest available data. This downward trend is further emphasized by the stock trading at just 41.13% of its 52-week high.

Despite these challenges, Sprinklr maintains some positive financial indicators. According to InvestingPro Tips, the company holds more cash than debt on its balance sheet, which could provide financial flexibility during this downturn. Additionally, Sprinklr has been profitable over the last twelve months, with a revenue of $773.7 million and a gross profit margin of 74.22%.

However, investors should note that Sprinklr is trading at a high earnings multiple, with a P/E ratio of 37.61. This valuation may be a point of concern given the recent stock performance. For those considering the stock's potential, InvestingPro calculates a fair value of $9.44, suggesting possible undervaluation at current prices.

For readers interested in a deeper analysis, InvestingPro offers 13 additional tips for Sprinklr, providing a more comprehensive view of the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.