A new trading day began on Friday, with C3.ai Inc (NYSE: AI) stock price down -5.38% from the previous day of trading, before settling in for the closing price of $25.82. AI’s price has ranged from $20.23 to $42.43 over the past 52 weeks.
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Annual sales at Technology sector company grew by 29.58% over the past five years. Meanwhile, its annual earnings per share averaged -15.38%. With a float of $108.92 million, this company’s outstanding shares have now reached $120.21 million.
Let’s look at the performance matrix of the company that is accounted for 891 employees.
C3.ai Inc (AI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of C3.ai Inc is 12.73%, while institutional ownership is 41.74%. The most recent insider transaction that took place on Jun 27 ’24, was worth 82,818. In this transaction CHIEF FINANCIAL OFFICER of this company sold 3,005 shares at a rate of $27.56, taking the stock ownership to the 7,390 shares. Before that another transaction happened on Dec 26 ’23, when Company’s SVP & Chief Financial Officer sold 407 for $28.80, making the entire transaction worth $11,722. This insider now owns 295,815 shares in total.
C3.ai Inc (AI) Latest Financial update
In its latest quarterly report, released on 4/30/2024, the company reported earnings of -0.09 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -15.38% per share during the next fiscal year.
C3.ai Inc (NYSE: AI) Trading Performance Indicators
Here are C3.ai Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 8.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.34, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.25 in one year’s time.
Technical Analysis of C3.ai Inc (AI)
C3.ai Inc (NYSE: AI) saw its 5-day average volume 3.1 million, a negative change from its year-to-date volume of 6.2 million. As of the previous 9 days, the stock’s Stochastic %D was 17.11%. Additionally, its Average True Range was 1.39.
During the past 100 days, C3.ai Inc’s (AI) raw stochastic average was set at 32.61%, which indicates a significant increase from 5.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.07% in the past 14 days, which was lower than the 49.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.30, while its 200-day Moving Average is $27.34. Nevertheless, the first resistance level for the watch stands at $24.98 in the near term. At $25.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.00. If the price goes on to break the first support level at $23.95, it is likely to go to the next support level at $23.48. The third support level lies at $22.93 if the price breaches the second support level.
C3.ai Inc (NYSE: AI) Key Stats
With a market capitalization of 3.05 billion, the company has a total of 124,818K Shares Outstanding. Currently, annual sales are 310,580 K while annual income is -279,700 K. The company’s previous quarter sales were 86,590 K while its latest quarter income was -72,930 K.
