One of the companies that may well come into focus today is Artificial Intelligence Technology Solutions Inc. The artificial intelligence sector has grown at a remarkable pace in the past half a decade or so and it is expected to grow further in the years to come. In this situation, it may be a good idea for investors to consider taking a look at some of the companies operating in the sector and Artificial Intelligence Technology Solutions (OTCMKTS:AITX) could well be a company worth tracking.
Trading Data
On Friday, AITX stock moved up 1.45% to $0.0140 with 11.94 million shares, compared to its average volume of 20.02 million shares. The stock moved within a range of $0.0135 – 0.0140 after opening trade at $0.0140.
About Artificial Intelligence Technology Solutions
The company primarily works through its subsidiary unit Robotic Assistance Devices Inc and in recent times it has managed to make some great strides. As a result, it could well be a company that could be worth tracking at this point in time from the artificial intelligence sector.
AITX’s Subsidiary Robotic Assistance Devices Receives Multiple ROSA Order
As a matter of fact, the company was in fact in the news back on Friday last week and it may well be a good time for investors to consider taking a look at the particular development. The company announced on Friday that its fully owned subsidiary unit Robotic Assistance Devices had bagged an order for a couple of ROSA security robots from a channel partner of one of its dealers.
In recent times, the company has managed to bag several orders from a range of clients and that has brought the stock into focus among investors as well. The 2 ROSA units in question are going to be deployed in two different chains of convenience stores. In this regard, it is perhaps also necessary to point out that the ROSA has actually been quite well received so far by retail businesses and by other convenience stores.
The reason why the ROSA has managed to become quite popular with retail stores and convenience stores is that it has managed to display an unmatched degree of efficiency in detecting loitering and trespassing. Hence, it may be a good idea now for investors to keep in mind that the company’s products are now gaining traction and many investors might sit up and take note of the Artificial Intelligence Technology Solutions stock in the coming days.
Steve Reinharz, who is the Chief Executive Officer of Artificial Intelligence Technology Solutions and Robotic Assistance Devices, spoke about the development as well. He noted that the fact that products f3rom Robotic Assistance Devices are making further inroads into its existing markets was a significant development. He went on to note that the simplicity of the ROSA security robots in addition to their ease of deployment and lower cost were some of the factors behind their popularity.
Over the course of the past few years, Artificial Intelligence Technology Solutions has emerged as one of the better-known names in the artificial intelligence space. It has managed to make lives easier for many organizations by way of the products that it manufactures. At this point in time, it may be a good idea for investors to keep an eye on the company’s stock.
Key Quote
“It’s impressive to see our dealers continue to add large opportunities to our sales pipeline, and deploy multiple units at a time,” said Mark Folmer, President of RAD. “This one dealer has been very successful in placing RAD with small box retail operators who are being inconvenienced with trespassing and loitering problems. ROSA will take care of them.”
Technical Data
AITX stock is trading above the 20-Day and 50-Day Moving averages of $0.0137 and $0.0140 respectively. However, the stock is trading below the 200-Day moving average of $0.0206. The company has a total market capitalization of $67.66 million with 4,833.1 million outstanding shares. Moreover, the company has 100% or 4,833.1 million floating shares. The stock is up 11% over the past week.
