C3.ai Inc (NYSE:AI) price on Friday, May 31, rose 1.28% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $28.94.
A look at the stock’s price movement, the level at last check in today’s session was $28.57. Turning to its 52-week performance, $48.87 and $20.23 were the 52-week high and 52-week low respectively. Overall, AI moved 27.53% over the past month.
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C3.ai Inc’s market cap currently stands at around $3.53 billion.
Analysts have a consensus estimate of 87.02M for the company’s revenue for the quarter, with a low and high estimate of 86.11M and 88.6M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 383.39M, representing a 23.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that AI is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
AI’s current price about 15.32% and 18.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.39, while 7-day volatility ratio is 6.53% and 4.58% in the 30-day chart. Further, C3.ai Inc (AI) has a beta value of 1.80, and an average true range (ATR) of 1.42.
If we refocus on C3.ai Inc (NYSE:AI), historical trading data shows that trading volumes averaged 5.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 120.21 million shares.
The 13.58% of C3.ai Inc’s shares are in the hands of company insiders while institutional holders own 40.56% of the company’s shares. Current price change has pushed the stock 0.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AI stock continues to rise going into the next quarter.
