C3.ai Inc (NYSE:AI) price on current trading day, rose 0.42% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.44.
A look at the stock’s price movement, the close in the last trading session was $26.33. Turning to its 52-week performance, $45.08 and $18.85 were the 52-week high and 52-week low respectively. Overall, AI moved -15.09% over the past month.
C3.ai Inc’s market cap currently stands at around $3.41 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 108.29M for the company’s revenue for the quarter, with a low and high estimate of 104.78M and 113M respectively. The average forecast suggests up to a 25.06% 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 388.1M, representing a 24.96% 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 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -15.53% and -21.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.03, while 7-day volatility ratio is 6.39% and 5.55% in the 30-day chart. Further, C3.ai Inc (AI) has a beta value of 2.00, and an average true range (ATR) of 1.83. Analysts have given the company’s stock an average 52-week price target of $29.5, forecast between a low of $24 and high of $35. Looking at the price targets, the low is 9.23% off current price level while to achieve the yearly target high, price needs to move -32.38%. Nonetheless, investors will most likely welcome a -11.57% jump to $29.5 which is the analysts’ median price.
If we refocus on C3.ai Inc (NYSE:AI), historical trading data shows that trading volumes averaged 7.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 125.57 million shares.
The 12.79% of C3.ai Inc’s shares are in the hands of company insiders while institutional holders own 52.19% of the company’s shares. Current price change has pushed the stock -23.21% 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.
