$7.37M in average volume shows that C3.ai Inc (AI) is heading in the right direction

On Monday, C3.ai Inc (NYSE: AI) was 4.10% up from the session before settling in for the closing price of $20.72. A 52-week range for AI has been $16.79 – $48.87.

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During the last 5-year period, the sales growth of Technology Sector giant was 32.87%. When this article was written, the company’s average yearly earnings per share was at -57.82%. With a float of $104.87 million, this company’s outstanding shares have now reached $110.44 million.

Let’s determine the extent of company efficiency that accounts for 914 employees.

C3.ai Inc (AI) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward C3.ai Inc stocks. The insider ownership of C3.ai Inc is 14.07%, while institutional ownership is 42.57%. The most recent insider transaction that took place on Dec 26 ’23, was worth 11,722. In this transaction SVP & Chief Financial Officer of this company sold 407 shares at a rate of $28.80, taking the stock ownership to the 295,815 shares. Before that another transaction happened on Dec 20 ’23, when Company’s SVP & Chief Financial Officer sold 685 for $32.16, making the entire transaction worth $22,030. This insider now owns 296,222 shares in total.

C3.ai Inc (AI) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -57.82% per share during the next fiscal year.

C3.ai Inc (NYSE: AI) Trading Performance Indicators

You can see what C3.ai Inc (AI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 8.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.88.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.32, a number that is poised to hit -0.30 in the next quarter and is forecasted to reach -0.40 in one year’s time.

Technical Analysis of C3.ai Inc (AI)

Looking closely at C3.ai Inc (NYSE: AI), its last 5-days average volume was 4.95 million, which is a drop from its year-to-date volume of 7.33 million. As of the previous 9 days, the stock’s Stochastic %D was 18.22%. Additionally, its Average True Range was 1.15.

During the past 100 days, C3.ai Inc’s (AI) raw stochastic average was set at 7.42%, which indicates a significant decrease from 22.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.13% in the past 14 days, which was lower than the 71.23% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $27.57, while its 200-day Moving Average is $29.02. However, in the short run, C3.ai Inc’s stock first resistance to watch stands at $21.97. Second resistance stands at $22.37. The third major resistance level sits at $23.07. If the price goes on to break the first support level at $20.87, it is likely to go to the next support level at $20.17. Should the price break the second support level, the third support level stands at $19.77.

C3.ai Inc (NYSE: AI) Key Stats

There are 122,049K outstanding shares of the company, which has a market capitalization of 2.63 billion. As of now, sales total 266,800 K while income totals -268,840 K. Its latest quarter income was 78,400 K while its last quarter net income were -72,630 K.