C3.ai Inc. (NYSE:AI) saw an upside of 4.03% to close Monday at $31.78 after adding $1.23 on the day. The 5-day average trading volume is 9,662,660 shares of the company’s common stock. It has gained $34.06 in the past week and touched a new high 1 time within the past 5 days. An average of 16,044,945 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 23,097,107.
AI’s 1-month performance is -16.43% or -$6.25 on its low of $28.48 reached on 08/18/23. The company’s shares have touched a 52-week low of $10.16 and high of $48.87, with the stock’s rally to the 52-week high happening on 06/16/23. YTD, AI has achieved 184.00% or $20.59 and has reached a new high 21 times. However, the current price is down -34.97% from the 52-week high price.
Insider Transactions
AI stock investors last saw insider trading activity on Jul 31.LEVIN RICHARD C (Director) most recently sold 12,000 shares at $42.00 per share on Jul 31. This transaction cost the insider $504,000. Director, LEVIN RICHARD C, sold 12,000 shares at a price of $42.02 on Jul 07. Then, on Jun 29, SVP & Chief Financial Officer Parkkinen Juho sold 4,220 shares at a price of $36.12 per share. This transaction amounted to $152,426.
Valuation Metrics
AI stock has a beta of 1.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.53 while the price-to-book (PB) in the most recent quarter is 3.86.
C3.ai Inc.’s quick ratio for the period ended April 29 was 6.50, with the current ratio over the same period at 6.50. In terms of profitability, the gross margin trailing 12 months is 67.60%. The trailing 12-month EBITDA margin is -103.98%. The firm’s gross profit as reported stood at $180.46 million against revenue of $266.8 million.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 10.07% to -$64.96 million, while revenue of -$63.16 million was 2.77% off the previous quarter. Analysts expected AI to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.13, representing a 23.50% surprise. EBITDA for the quarter stood at more than -$70.45 million. AI stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 173.36 million, with total debt at $39.66 million. Shareholders hold equity totaling $115.61 million.
Let’s look briefly at C3.ai Inc. (AI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 37.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 63.77%.
The stock’s 5-day moving average is $31.26, reflecting a -6.25% or -$2.12 change from its current price. AI is currently trading -16.74% above its 20-day SMA, +30.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.26% and SMA200 by+145.98%.
Stochastic %K and %D was 13.04% and 7.50% and the average true range (ATR) pointed at 2.43. The RSI (14) points at 39.83%, while the 14-day stochastic is at 23.68% with the period’s ATR at 2.68. The stock’s 9-day MACD Oscillator is pointing at -1.35 and -3.42 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for C3.ai Inc. (NYSE: AI), Northland Capital launched coverage with a Market perform rating. Analysts offering their rating for AI stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate AI as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is AI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $50.00, with their median price target at $27.00. Looking at these predictions, the average price target given by analysts is for C3.ai Inc. (AI) stock is $27.18.
