C3.ai Inc (NYSE:AI) shares, rose in value on Friday, April 26, with the stock price up by 2.80% to the previous day’s close as strong demand from buyers drove the stock to $22.78.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.16. 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 -16.43% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 308.37M, with a low estimate of 84M and a high estimate of 85.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 84.39M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of AI currently trading nearly -2.29% and -16.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.44, while the 7-day volatility ratio is showing 4.71% which for the 30-day chart, stands at 3.93%. Furthermore, C3.ai Inc (AI)’s beta value is 1.74, and its average true range (ATR) is 1.11.
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 2.80% in today’s session so far, and over the past year, it grew by 28.77%%.
Data on historical trading for C3.ai Inc (NYSE:AI) indicates that the trading volumes over the past 3 months, they’ve averaged 7.32 million. According to company’s latest data on outstanding shares, there are 110.44 million shares outstanding.
Nearly 14.07% of C3.ai Inc’s shares belong to company insiders and institutional investors own 42.55% of the company’s shares. The stock has fallen by -20.65% 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.
