A new trading day began on Monday, with C3.ai Inc (NYSE: AI) stock price down -0.69% from the previous day of trading, before settling in for the closing price of $24.52. AI’s price has ranged from $20.23 to $38.30 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 29.58%. Meanwhile, its annual earnings per share averaged -15.38%. With a float of $108.66 million, this company’s outstanding shares have now reached $120.21 million.
Considering the fact that the conglomerate employs 891 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 57.49%, operating margin of -102.5%, and the pretax margin is -89.8%.
C3.ai Inc (AI) Insider Activity
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 12.95%, while institutional ownership is 44.46%. 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) Earnings and Forecasts
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 9.79.
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)
Compared to the last year’s volume of 5.82 million, its volume of 2.62 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 14.17%. Additionally, its Average True Range was 1.01.
During the past 100 days, C3.ai Inc’s (AI) raw stochastic average was set at 31.99%, which indicates a significant decrease from 36.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.12% in the past 14 days, which was lower than the 50.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.13, while its 200-day Moving Average is $27.27. Nevertheless, the first resistance level for the watch stands at $24.66 in the near term. At $24.96, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.14. If the price goes on to break the first support level at $24.18, it is likely to go to the next support level at $24.00. Should the price break the second support level, the third support level stands at $23.70.
C3.ai Inc (NYSE: AI) Key Stats
With a market capitalization of 3.04 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.
