C3.ai Inc (NYSE:AI) price on Wednesday, December 04, rose 2.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $37.59.
A look at the stock’s price movement, the close in the last trading session was $36.75, moving within a range at $37.15 and $39.35. The beta value (5-Year monthly) was 1.789. Turning to its 52-week performance, $39.88 and $18.85 were the 52-week high and 52-week low respectively. Overall, AI moved 51.33% over the past month.
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C3.ai Inc’s market cap currently stands at around $4.78 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 91.02M for the company’s revenue for the quarter, with a low and high estimate of 89.81M and 91.88M respectively. The average forecast suggests up to a 24.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 382.57M, representing a 23.18% 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 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 5 recommend AI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AI’s current price about 17.29% and 34.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.47, while 7-day volatility ratio is 5.49% and 6.52% in the 30-day chart. Further, C3.ai Inc (AI) has a beta value of 1.99, and an average true range (ATR) of 2.07. Analysts have given the company’s stock an average 52-week price target of $24, forecast between a low of $24 and high of $24. Looking at the price targets, the low is 36.15% off current price level while to achieve the yearly target high, price needs to move 36.15%. Nonetheless, investors will most likely welcome a 36.15% jump to $24 which is the analysts’ median price.
If we refocus on C3.ai Inc (NYSE:AI), historical trading data shows that trading volumes averaged 9.43 over the past 10 days and 4.75 million over the past 3 months. The company’s latest data on shares outstanding shows there are 123.53 million shares.
The 13.50% of C3.ai Inc’s shares are in the hands of company insiders while institutional holders own 46.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.77 million on 2024-11-15, giving us a short ratio of 7.99. The data shows that as of 2024-11-15 short interest in C3.ai Inc (AI) stood at 2304.0001 of shares outstanding, with shares short falling to 24.56 million registered in 2024-10-15. Current price change has pushed the stock 30.93% 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.
