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Is C3.ai Inc (NYSE: AI) Still On Fire This Week?

C3.ai Inc (NYSE:AI) price closed higher on Friday, February 09, jumping 28.47% above its previous close.

A look at the daily price movement shows that the last close reads $26.67. The company’s 5Y monthly beta was ticking 1.56. Taking into account the 52-week price action we note that the stock hit a 52-week high of $48.87 and 52-week low of $16.79. The stock subtracted -0.25% on its value in the past month.

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C3.ai Inc, which has a market valuation of $3.41 billion, is expected to release its quarterly earnings report Feb 28, 2024. Analysts tracking AI have forecast the quarterly EPS to shrink by -0.28 per share this quarter, while the same analysts predict the annual EPS to hit -$0.73 for the year 2024 and up to -$0.27 for 2025. In this case, analysts estimate an annual EPS growth of -73.80% for the year and 63.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $76.14 million, with the likely lows of $75.3 million and highs of $77 million. Staying with the analyst view, there is a consensus estimate of $306.08 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 14.70% above that which the company brought in 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give AI a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.

The overview shows that AI’s price is at present 29.46% off the SMA20 and 17.34% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.96, with weekly volatility standing at 6.24%. The indicator jumps to 5.30% when calculated based on the past 30 days. C3.ai Inc (NYSE:AI)’s beta value is holding at 1.58, while the average true range (ATR) indicator is currently reading 1.51.

Turning out attention to how the C3.ai Inc stock has performed in comparison to its peers in the industry, here’s what we find: AI’s stock is 28.47% on the day and 8.71% in the past 12 months, while Microsoft Corp. (MSFT) traded 1.56%% in the last session and was positioned 59.84% up on its price 12 months ago. Turning out attention to how the C3.ai Inc stock has performed in comparison to its peers in the industry, here’s what we find: AI’s stock is 28.47% on the day and 8.71% in the past 12 months, while Microsoft Corp. (MSFT) traded 1.56%% in the last session and was positioned 59.84% up on its price 12 months ago. Another comparison is with Alphabet Inc. Cl C (GOOG) whose stock price was up 2.04%% in the last trading session, and has flourished 58.36% over the past year. Also, Alphabet Inc. Cl A (GOOGL) showed up trend of 2.12%% while its price kept floating at 57.56% over the past year.

An analysis of the C3.ai Inc (NYSE:AI) stock in terms of its daily trading volume indicates that the 3-month average is 1.67. However, this figure increases on the past 10-day timeline to an average of 6.4 million.

Current records show that the company has 110.44M in outstanding shares. The insiders’ percentage holdings are 14.28% of outstanding shares while the percentage share held by institutions stands at 38.43%. The stats also highlight that short interest as of Jan 31, 2024, stood at 39.33 million shares, which puts the short ratio at the time at 6.19. From this we can glean that short interest is 32.81% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 39.14 million. But the -0.84% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.