As of Thursday close, C3.ai Inc.’s (NYSE:AI) stock was down -$1.68, moving down -5.30 percent to $30.01. The average number of shares traded per day over the past five days has been 9,322,300 shares. 3 times new highs have been achieved over the past 5 days, with a -$3.11 fall in that time frame. In the last twenty days, the average volume was 16,394,160, while in the previous 50 days, it was 23,878,664.
Since last month, AI stock retreated -26.34%. Shares of the company fell to $29.58 on 08/17/23, the lowest level in the past month. A 52-week high of $48.87 was reached on 06/16/23 after having rallying from a 52-week low of $10.16. Since the beginning of this year, AI’s stock price has risen by 168.19% or $18.82, and marked a new high 21 times. However, the stock has declined by -38.59% since its 52-week high.
AI stock investors should be aware that C3.ai Inc. (AI) stock had its last reported insider trading activity 18 days ago on Jul 31. LEVIN RICHARD C, the Director of the company, disposed of 12,000 shares for $42.00 on Jul 31. It resulted in a $504,000 divestment by the insider. LEVIN RICHARD C sold 12,000 shares at an average price of $42.02 on Jul 07. The insider now owns 173,664 shares following the transaction. On Jun 29, SVP & Chief Financial Officer Parkkinen Juho sold 4,220 shares at $36.12 apiece. The transaction was valued at $152,426.
Valuation Metrics
The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 13.07, the price-to-book (PB) ratio of 3.64.
The latest dividend of $0.2250 per share was paid out, remained unchanged from last year’s $0.2250. On Monday June 24 2019, a $0.15 dividend decrease was announced.
Financial Health
In the three months ended April 29, C3.ai Inc.’s quick ratio stood at 6.50, while its current ratio was 6.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 67.60% percent. Based on annual data, AI earned $180.46 million in gross profit and brought in $266.8 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -31.30%. Return on equity (ROE) for the past 12 months was -28.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AI’s revenue fell -3.51% to $66.67 million during the quarter, while net income inched up to $69.87 million. While analysts expected C3.ai Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by 23.50%. During the quarter, the company generated -$70.45 million in EBITDA. The liabilities of C3.ai Inc. were 173.36 million at the end of its most recent quarter ended April 29, and its total debt was $39.66 million. The value of shareholders’ equity is $115.61 million.
Technical Picture
This quick technical analysis looks at C3.ai Inc.’s (AI) price momentum. With a historical volatility rate of 49.12%, the RSI 9-day stood at 26.35% on 17 August.
With respect to its five-day moving average, the current C3.ai Inc. price is down by -9.39% percent or -$3.11. At present, AI shares trade -22.99% below its 20-day simple moving average and +18.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately -21.42% below its SMA50 and +128.39% above its SMA200.
Stochastic coefficient K was 3.43% and Stochastic coefficient D was 7.37%, while ATR was 2.53. Given the Stochastic reading of 2.81% for the 14-day period, the RSI (14) reading has been calculated as 33.86%. As of today, the MACD Oscillator reading stands at -1.94, while the 14-day reading stands at -4.58.
With a median target price of $27.00, the current consensus forecast for the stock is $14.00 – $50.00. Based on these forecasts, analysts predict C3.ai Inc. (AI) will achieve an average price target of $27.18.
