C3.ai Inc. (NYSE:AI) price closed higher on Tuesday, August 24, jumping 6.60% above its previous close.
A look at the daily price movement shows that the last close reads $46.64, with intraday deals fluctuated between $47.3592 and $50.25. Taking into account the 52-week price action we note that the stock hit a 52-week high of $183.90 and 52-week low of $44.35. The stock subtracted -3.46% on its value in the past month.
C3.ai Inc., which has a market valuation of $5.06 billion, is expected to release its quarterly earnings report Sep 01, 2021. 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 -$0.98 for the year 2021 and up to -$0.86 for 2023. In this case, analysts estimate an annual EPS growth of -180.00% for the year and 12.20% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $51.16 million, with the likely lows of $50.55 million and highs of $52.17 million. Staying with the analyst view, there is a consensus estimate of $245.4 million for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 33.90% above that which the company brought in 2022.
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.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 10 analysts have assigned AI a recommendation rating as follows: 4 rate it as a Hold; 4 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the C3.ai Inc. (AI) stock as Underweight, with 2 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that AI’s price is at present 1.28% off the SMA20 and -8.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.75, with weekly volatility standing at 4.31%. The indicator jumps to 4.06% when calculated based on the past 30 days. C3.ai Inc. (NYSE:AI)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 2.14. Considering analysts have assigned the stock a price target range of $62.00-$167.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $99.44. Based on this estimate, we see that current price is roughly -24.7% off the estimated low and -235.88% off the forecast high. Investors will no doubt be excited to see the share price fall to $98.00, which is the median consensus price, and at that level AI would be -97.1% from current price.
An analysis of the C3.ai Inc. (NYSE:AI) stock in terms of its daily trading volume indicates that the 3-month average is 3.19 million.
Current records show that the company has 110.89M in outstanding shares. The insiders’ percentage holdings are 19.30% of outstanding shares while the percentage share held by institutions stands at 42.60%. But the -64.17% 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.