AITX Stock Forecast 2024, 2025 and 2030: What is the Future of AITX?

Summary:
• A look at AITX stock forecast for 2022, 2025 and 2030 and how the current artificial intelligence trends are helping the company's growth.

AITX stock price began trading in May on an upbeat note, hitting year-to-date highs of $0.0091 on May 3. However, it has since declined significantly from that height and trades at $0.0064 as of this writing. Nonetheless, its gains in May mean it is still on track to match April’s rise of 73%, its best month to so far in 2024.  AITX has so far gained 44.4 percent halfway through the month. These figures underline a strong bullish market, that saw the stock gain more than 20%  in two of the 13 trading sessions so far.

The stock had been on a downward trajectory since the beginning of 2024, even as AI stocks thrived. Therefore, this sign of recovery is a welcome relief for many investors. The AITX tock price formed a golden cross on May 15, sending a strong buy signal.

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

On May 9, AITX announced that its subsidiary, Robotic Assistance Devices, (RAD) had formed a partnership with Nightngale for a strategic expansion of its market reach. Specifically, the partnership will seek to leverage opportunities across Africa, Europe, Australia, and Latin America. The two companies will typically target three-year Robotics-as-a-Service (RaaS) contracts, in sectors where autonomous security solutions are not just advantageous but critical.

On May 14 AITX announced that Doyle Security Services (Doyle) had purchased additional ROSA units to be deployed at a major retail center operator.  ROSA is equipped with autonomous response capabilities that deter trespassing and dumping using advanced surveillance and real-time AI analytics. ROSAseamlessly integrates with Doyle’s Security Operations Centre, and has in-built functionality for remote monitoring by personnel, including voice activation, which they can use to communicate to intruders and prevent further escalation.

In an interview held on April 17 with SmallCapVoice.com, the AITX CEO Steve Reinharz revealed that the company has aligned its business structure to target Fortune 500 companies. Reinharz said that the company has so far established a prospective sales pipeline of over 35 Fortune 500 companies, among other clients.

RAD targets the $25 billion US securities and guarding industry with cheaper and more effective AI-driven solutions. It compliments and in some instances can offer services that substitute human security personnel.

AITX’s Robotic Assistance Devices (RAD) has also caught the attention of Hollywood. The company’s RADDOG product appeared in hit television series CSI: Las Vegas in March, and captivated audiences with its uniques capabilities in solving crime. Also, in late March, the company announced that it would offer its SelectBlur product to law enforcement agencies at zero cost. The move aims at showcasing the company’s capabilities in the $25 billion US security and guarding services industry.

SelectBlur is a Windows-based application operable on a desktop. It enables the selective blurring of images of people in video footage, hence enabling law enforcement officers to narrow down their focus on their targets without compromising the privacy of third parties. The app is typically licenced at $299 per user per month, signalling the company’s strategic move by making it free.

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’s RADDOG, the Robotoic Dog

AITX announced on March 21st that it had begun working on a pilot production of its next generation robotic dogs RADDOG LE Gen2. First announced in January 2024, the commencement of production is good news for the company as it seeks to leverage the success of its RADDOG LE 1, the first generation units that saw RAD sign a $35,000 yearly subscription contract with the City of Taylor’s police department. The RADDOG LE Gen2 project will commence with the production of 100 units with a value of $3.5 million in annual reccuring revenue. This underlines the company’s focus on security and law enforcement industry as a key growth area.

Meanwhile, 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 recorded a significant increase in its finances in 2024. The Company’s audited filings, dated May 9, show that it experienced robust growth and operational success this financial year, which it attributed to increased operational efficiency. The company reported a recurring monthly revenue (RMR) run rate of $283,624, corresponding to an increase of over 500 percent from the previous year’s $56,802. AITX’s gross revenues rose by 68 percent to $1,096,457 in the FY2024, from $653,883 in FY2023.

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.

In October 2022, AITX published strong financial results. Its subscription revenue rose by 85% to over $228k in Q3. It also increased its gross profit margin to 87%. Notably, it continued diluting shareholders through stock issuance.

The latest financials released in January 2024 point to a potential turning point for the company in 2024.

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 has been flashing signals of exhaustion. Apart from the tremendous success of ChatGPT, the breakthrough AI applications still seem to be a few years away. Google’s Bard has not really caught the momentum needed to take on this pioneer. However, Microsoft’s Co-Pilot is on to a good start and will likely be a major force in the coming months.

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 2024

On a daily timeframe, the AITX stock chart appears to have become a pump-and-dump stock. Over the past year, the price has seen significant volatility spikes, with a notable steady decline between June and November 2023. Furthermore, it lost almost half its value within the first 3 months of the year, but has returned to YTD highs within the last 48 hours of this writing. 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.

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 gone above the 200 MA after staying below the level for the last few weeks.

The stock made a golden cross on May 15, when the 50-day SMA crossed the 200-day SMA, sending a strong bullish signal. Therefore, many investors are likely to flock to the stock. My AITX stock price forecast advocates for a buy as long as it remains above the pivot at $0.0050. That said, a slide below the psychological support at $0.0040 could trigger bearishness.

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.

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, as stated above, it remains a risky bet as long as it trades below its 200-MA. Therefore, I am for a cautious approach, with en entry into the market once the price returns above 200-MA.