C3.ai Inc (NYSE:AI) shares, rose in value, with the stock price down by -1.01% to the previous day’s close as strong demand from buyers drove the stock to $30.37.
Actively observing the price movement in the last trading, the stock closed the session at $30.68. The value of beta (5-year monthly) was 1.76. Referring to stock’s 52-week performance, its high was $48.87, and the low was $16.79. On the whole, AI has fluctuated by -2.60% over the past month.
With the market capitalization of C3.ai Inc currently standing at about $3.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 29, 2024 – Jun 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.3, which is expected to increase to -$0.1 for fiscal year -$0.66 and then to about -$0.4 by fiscal year 2025. Data indicates that the EPS growth is expected to be -57.10% in 2025, while the next year’s EPS growth is forecast to be 39.40%.
Analysts have estimated the company’s revenue for the quarter at $84.39 million, with a low estimate of $84 million and a high estimate of $85.9 million. According to the average forecast, sales growth in current quarter could jump up 16.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $308.37 million, representing an increase of 15.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that AI’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AI currently trading nearly 0.05% and 8.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.10, while the 7-day volatility ratio is showing 5.06% which for the 30-day chart, stands at 6.19%. Furthermore, C3.ai Inc (AI)’s beta value is 1.75, and its average true range (ATR) is 2.11.
A comparison of C3.ai Inc (AI) with its peers suggests the former has fared considerably weaker in the market. AI showed an intraday change of -1.01% in last session, and over the past year, it grew by 39.57%%.
Data on historical trading for C3.ai Inc (NYSE:AI) indicates that the trading volumes over the past 10 days have averaged 14.42 million and over the past 3 months, they’ve averaged 9.40 million. According to company’s latest data on outstanding shares, there are 110.44 million shares outstanding.
Nearly 14.25% of C3.ai Inc’s shares belong to company insiders and institutional investors own 42.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34.33 million shares as on Feb 29, 2024, resulting in a short ratio of 3.43. According to the data, the short interest in C3.ai Inc (AI) stood at 28.13% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 39.33 million. The stock has risen by 5.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AI stock heading into the next quarter.
