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AITX Stock Forecast 2023, 2025 and 2030: What is the Future of AITX?

AITX stock price continued its bearish momentum this month as worries about the penny stock continued. The shares retreated to a low of $0.0054, which was its lowest level since December 2022. The stock is currently 52% down from its YTD high of $0.0123.

The massive hype of the chatbot, ChatGPT took triggered a major rally in AI-related stocks. AITX stock price was one of the biggest beneficiaries of this rally as it has an exponential run. The price surged by 126% within the first six weeks of 2023. However, the price action reversed once the AI hype started to cool down.

What is AITX?

Artificial Intelligence Technology Solutions (AITX) was founded on March 25, 2010, by John B. Crawford. Today, the company is headquartered in Ferndale, Michigan. Today, the company engages in providing artificial intelligence (AI) solutions. Its focus is on Ai-driven technologies capable of being paired with multi-use hardware and can easily integrate with custom software and cloud services. In addition, they are also involved in the automation and integration of security, concierge, and operational tasks. 

The AITX company boasts several subsidiaries, including Robotic Assistance Devices (RAD), Robotic Assistance Devices Group, Robotic Assistance Devices Mobile, On the Move Experience, and OMV Transports. One of the main products that the company is involved in is the security robots such as ROAMEO.

Where To Buy AITX Stock?

Unlike other big AI names, AITX stock is not listed on any major exchange. The reason is that it is not a publicly listed company. Nevertheless, the stock can still be traded in the OTC (Over-The-Counter) markets. Several online brokers also offer the services to invest in AITX.

The most popular platforms in this regard are WeBull, Fidelity, Robinhood, and TD Ameritrade. Depending on your jurisdiction and portfolio size, you can open an account with any of these online brokers.

AITX news

According to the latest AITX news, its subsidiary Robotic Assistance Devices (RAD) has caught the attention of Hollywood. The company has been contracted to supply robots for high-profile television network series. A prime-time TV series will feature RAD robots interacting with the on-screen actors.

More recently, the company has announced that its CEO, Steve Reinharz, will be appearing on Buffalo Fireside Chat with the host Eric Kemnitzer for a live discussion. In other news, RAD has received multiple ROSA orders from major US city alliance.

As per the recently released Q3 financial results, the quarter-over-quarter revenue of the company has increased by 50%. During this period, the gross margin increased from 50% to 57%. The company has also projected recurring revenue of $800,000 by February 2024. This would also make the company’s cash flow positive.

AITX Subsidiary Robotics Assistance Devices (RAD)

According to the most recent AITX news, Robotics Assistance Devices (RAD) has achieved a new milestone. RAD has deployed ROSA-P units at an acute care facility with 100 beds. The client hospital has more than 600 locations which suggest that this could be the first of many installations.

Recently, RAD has rolled out a new AI-powered tracking feature that can be used to track vehicles as well as humans. The latest tracking solution reduces false alarms and provides the functionality to detect stolen cars.

The CEO of AITX and RAD, Steve Reinharz, has recently announced cost-saving measures which could end up saving $200,000 per month. In his latest town hall meeting, AITX chief revealed that the company was already saving over $100,000 a month from a variety of methods that included the elimination of non-core projects, enhancing operational efficiency, and making teams more efficient.

AITX Recent Financial Reports

AITX has not had the best financial growth for the past few years. In the financial year 2020, the company recorded a net income of negative $5.9 million. This loss was an improvement from 2019 numbers, where the company recorded a net loss of $6.21 million.

Looking at the 2021 quarterly numbers, the company recorded a net loss of $35.9 million in the first quarter. This was followed by another net loss of $4.8 million in the second quarter and a net loss of $7 million in the third quarter. The company also did not have the best quarterly figures when it came to revenue. In the first quarter of 2021, the company recorded a revenue of $560,000. For the second and third quarters, the company recorded a revenue of $141,000 and $373,000, respectively.

In October 2022, AITX published strong financial results. Its subscription revenue rose by 85% You t over $228k in Q3. It also increased its gross profit margin to 87%. Notably, it continued diluting shareholders through stock issuance. Through October 21, the company received $4 million in share proceeds. It expects to receive an additional $4 million to $6 million by the end of the year.

AITX Stock vs FED Rate Hikes

The era of quantitative tightening is upon us, and most US equities are trading much lower than their 2021 highs. The constant rate hikes by the US Federal Reserve have increased the cost of borrowing. This high-interest rate environment is detrimental to innovative startups like Artificial Intelligence Solutions (OTCMKTS: AITX).

High-interest rates are not going to affect the growth of the company but will also put selling pressure on AITX stock price. Since the US Federal Reserve is expected to keep the rates high for the foreseeable future, it will be tough for AITX to achieve its 2023 targets.

If you actively trade US stocks and cryptocurrencies, you must keep a close eye on major shifts in the US Fed’s policies. I regularly post these updates in my free Telegram group, which you are welcome to join.

AITX Major Stakeholders

As a penny stock, AITX does not have the heavyweight investors that hold other companies like Blackrock and Vanguard. According to Yahoo Finance, the biggest institutional shareholders in the company are Baxter Brothers, MAI Capital Management, and Williams Jones Wealth Management. It is also estimated that Steven Reinharz, the company’s CEO, has a major stake in the company.

It is significant to note here that the ongoing rally in AI stocks already appears to be overextended. Apart from the tremendous success of ChatGPT, the breakthrough AI applications still seem to be a few years away. Recently, a ChatGPT rival was revealed by Google, which incorrectly responded to a query during its demo.

The alphabet stock tanked hard in the following days due to a half-baked launch Bard AI bot. The move was also criticized by many Google insiders and top executives.

AITX Fundamentals

AITX is a holding company that owns three firms, including Robotic Assistance Devices (RAD), Robotic Assistance Mobile Devices (RAD.M), and Robotic Assistance Devices Group (RAD-G). These companies manufacture products that are used to maintain stationary workflow automation solutions. It is a business-facing company that targets firms in the manufacturing sector.

The last few months have seen AITX make significant market moves that will position it as an AI-hardware solutions provider in the markets. Among these moves is the announcement that its subsidiary, Robotic Assistance Devices Inc (RAD), had signed Prudential Alarm as a new authorized dealer. The company also indicated that it had received an order for multiple security robots through this collaboration. This will see the company increase its sales in the coming years.

Robotics Assistance Devices (RAD) Expands In US

The company has also received orders from Texas Dealer Pro Security Group. The orders were for ROSA autonomous security robots and were requested through their RAD subsidiary. The company also recently announced that it was bringing the RAD light my way, an integrated facility and campus safety application to the market. These moves will see the company continue to gain traction and increase sales. Its RAD subsidiary has also reported being interested in Red Hawk Casino, where they would work together, with RAD providing the ROAMEO mobile security robot.

AITX Stock Forecast 2023

On a daily timeframe, the AITX stock chart appears to have become a pump-and-dump stock. Over the past few months, the price has seen massive volatility spikes. Considering this price action, this penny stock appears to be a high-risk bet. There can be a lot of better plays in the market. My outlook on AITX stock price will remain bearish as long as the price stays below the 200-day moving average.

The volatile price action has continued since the start of the year. AITX shares surged to their yearly high of 0.0123 on February 3 but failed to close above the 200-day moving average. The price plummeted in the coming days, and OTCMKTS: AITX is trading 52% below its 2023 high.

AITX Chart Technical Analysis

The latest analysis shows that OTCMKTS: AITX might be one of the most manipulated stocks. The following chart depicts massive spikes in both directions. It is highly risky to invest in such a hype-driven stock. Technical analysis shows that the price has failed to reclaim the 200 MA despite multiple attempts in the past few months.

The 200-day moving average acts as a line in the sand for many investors. Therefore, my AITX stock price forecast will remain bearish as long as the price remains below 200 MA, which currently lies at $0.0084. It’s better to wait for a clear reversal signal than catch a falling knife.

AITX (OTCMKTS: AITX) Chart

AITX Stock Forecast 2025

My AITX stock forecast for 2025 is prices will be trading above $0.1. This will be an average of 41 percent growth between 2023 and 2025. Although this figure is conservative due to recent price action history that has shown that AITX stock prices can rise at such a rate within less than a week, I expect the prices of the stock between 2023 to 2025 to grow at a relatively stable rate. However, there is still a possibility that AITX stock could be trading as high as $0.5 to $1.00 by 2025.

AITX Stock Forecast 2030

My AITX stock forecast for 2030 expects the stock to have crossed the $1 mark and trading between $5 to $10. This is a conservative prediction, and there is a likelihood that the prices could be as high as $20 by 2030.

AITX Stock 1M Chart
AITX Stock Monthly Chart

Is AITX a Good Investment?

AITX is a perfect investment for long-term investors. The stocks have shown their volatility in the past, where prices can rise up to 94 percent within three days. However, with my 2022 analysis showing that the prices may rise by over 200 percent before the year’s end, the return on investment is higher than most traditional investment institutions, whose returns are below 20 percent.