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C3.ai Inc. (NYSE: AI) Shares Rose Recently. However, Trouble May Still Be Lurking.

C3.ai Inc. (NYSE:AI) price is hovering lower on Tuesday, September 19, dropping -2.32% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $27.13, with intraday deals fluctuating between $26.418 and $27.345. The company’s 5Y monthly beta was ticking 1.47. 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 $10.16. The stock subtracted -13.26% on its value in the past month.

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C3.ai Inc., which has a market valuation of $3.23 billion, is expected to release its quarterly earnings report Dec 05, 2023 – Dec 11, 2023. Analysts tracking AI have forecast the quarterly EPS to shrink by -0.18 per share this quarter, while the same analysts predict the annual EPS to hit -$0.43 for the year 2023 and up to -$0.01 for 2025. In this case, analysts estimate an annual EPS growth of -2.40% for the year and 97.70% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $74.33 million, with the likely lows of $72.6 million and highs of $76.5 million. Staying with the analyst view, there is a consensus estimate of $307.78 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 15.40% 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 50% Buy, while an average of long term indicators are currently assigning the stock as Hold.

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, 13 analysts have assigned AI a recommendation rating as follows: 8 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 1 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 -10.58% off the SMA20 and -22.97% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.90, with weekly volatility standing at 5.04%. The indicator jumps to 6.46% when calculated based on the past 30 days. C3.ai Inc. (NYSE:AI)’s beta value is holding at 1.50, while the average true range (ATR) indicator is currently reading 1.97. Considering analysts have assigned the stock a price target range of $14.00-$42.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $26.70. Based on this estimate, we see that today’s price at last check is roughly 47.17% off the estimated low and -58.49% off the forecast high. Investors will no doubt be excited to see the share price fall to $27.50, which is the median consensus price, and at that level AI would be -3.77% from recent price.

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 -2.32% on the day and 88.88% in the past 12 months, while Microsoft Corporation (MSFT) traded -1.21% in the latest session and is positioned 32.83% up on its price 12 months ago. Another comparison is with Alphabet Inc. (GOOG) whose stock price is down -0.44% in the current trading session, and has flourished 33.50% over the past year. Also, Alphabet Inc. (GOOGL) is currently showing down trend of -0.51% while its price kept floating at 33.75% over the past year. Elsewhere in the market, the S&P 500 Index has stumbled -0.68% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.68%.

An analysis of the C3.ai Inc. (NYSE:AI) stock in terms of its daily trading volume indicates that the 3-month average is 17.53 million. However, this figure increases on the past 10-day timeline to an average of 11.62 million.

Current records show that the company has 115.68M in outstanding shares. The insiders’ percentage holdings are 3.00% of outstanding shares while the percentage share held by institutions stands at 44.30%. The stats also highlight that short interest as of Aug 30, 2023, stood at 35.91 million shares, which puts the short ratio at the time at 2.63. From this we can glean that short interest is 30.38% of company’s current outstanding shares. Notably, we see that shares short in August rose slightly given the previous month’s figure stood at 30.76 million. But the 136.82% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.