C3.ai Inc (NYSE:AI) traded at $23.05 at last check on Monday, April 29, made an upward move of 0.94% on its previous day’s price.
Looking at the stock we see that its previous close was $22.83. In terms of its 52-week price range, AI has a high of $48.87 and a low of $16.79. The company’s stock has lost about -14.87% over that past 30 days.
C3.ai Inc has a market cap of $2.81 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.3, with the EPS growth for the year raised at -$0.66 for 2024 and -$0.4 for next year. These figures represent -57.10% and 39.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $84.39 million, with a low of $84 million and a high of $85.9 million. The median projection represents growth squeezing down to 16.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $308.37 million, or 15.60% up from figures reported last year.
On the other hand, looking at the outlook for the AI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -0.25% off its SMA20 and -14.70% from its 50-day simple moving average. The RSI (14) is pointing at 43.52 while the volatility over the past week is 4.61% and jumps to 3.95% over the past one month. The beta value is 1.73, while the average true range (ATR) is currently pointing at 1.08.
Coming back to C3.ai Inc (NYSE:AI), we note that the average 3-month trading volume was 7.33 million. Current shares outstanding are 110.44 million.
The insiders hold 14.07% of the company’s shares while institutions hold 42.96%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -19.73% down in year-to-date price movement.
