Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Stock Extends Fall: Down 33% In a Month

Shares of Artificial Intelligence Technology Solutions (OTCMKTS:AITX) continued to move lower and now down 33% in a month.

Trading Data

On Tuesday, AITX stock fell 0.20% at $0.0266 with more than 32.49 million shares, compared to its average volume of 36.18 million shares. The stock has moved within a range of $0.0260 – 0.0280 after opening trade at $0.0275.      

Latest News

High-tech start-up delivering robotics as well as artificial intelligence-based solutions empowering organizations for gaining insights, solving security challenges, and fuelling new business ideas at lower costs, Artificial Intelligence Technology Solutions (OTCMKTS:AITX) on November 30, 2021, announced that the wholly-owned subsidiary Robotic Assistance Devices, Inc. (RAD) has seen augmenting of sales.

Steve Reinharz, CEO of AITX and RAD said that RAD witnessed the highest sales about a week ago due to logging in thousands of miles on ROAMEO’s first public tour. The CEO added that the firm has announced the signing of 2 new dealers plus 2 unique orders totaling 6 RAD units. 

Mark Folmer, RAD President, and COO said that construction, property management as well as logistics industries are some of the vertical markets that have been targeted over the last few months.

The orders, either direct to the end-user or sold through existing signed dealers, are validation of its execution. The firm also acknowledged that extra details on the signed authorized dealers as well as end-users will be disclosed in the coming weeks.

Existing RAD authorized dealer in southern California, General Security Services, placed an order for 2 ROSA units that would be deployed at the Los Angeles area property management company.

Regional security services provider headquartered in Amherst, New York, Vista Security Group, also placed an order for a ROSA unit that would be deployed at a construction industry client.

Technical Data

AITX stock is trading below the 20-Day and 50-Day Moving averages of $0.0305 and $0.0329 respectively. Moreover, the stock has pivot point at $0.0269. The stock is down 28% in the past month.