Based on current activity what are the chances of aile reaching 18$ a share

The chances of iLearningEngines Inc. (AILE) reaching $18 per share are high based on the current analyst consensus and recent stock performance.

1. Analyst Consensus: The only analyst with a 12-month price forecast for AILE has a target of $18, which predicts an increase of 117.92% from the current stock price of $8.26. This is a strong buy rating, indicating that the analyst believes the stock has significant potential to outperform the market.
2. Trading Volume: The trading volume for AILE on June 17, 2024, was 406,598 shares, which is a reasonable indicator of investor interest and participation. High trading volume can contribute to price movements.
3. Stock Performance: AILE's stock has shown strong performance with a significant one-week percentage change. This positive momentum can potentially continue, leading to the stock reaching the $18 target.
4. Market Conditions: While the broader market conditions and industry trends can impact a stock's performance, the current information does not provide any specific insights into these factors.

In conclusion, the analyst's strong buy rating, the potential for significant price appreciation, and the recent positive stock performance suggest that AILE has a high likelihood of reaching $18 per share. However, it's important to consider that stock market movements are subject to uncertainties and risks, and past performance is not indicative of future results. Investors should conduct their own due diligence and consider their investment goals and risk tolerance before making investment decisions.