C3.ai Inc. (NYSE:AI) went down by -5.58% from its latest closing price compared to the recent 1-year high of $183.90. The company’s stock price has collected 13.01% of gains in the last five trading sessions. Barron’s reported 7 hours ago that ContextLogic Stock Slides Further as 11 Analysts Begin Coverage
Is It Worth Investing in C3.ai Inc. (NYSE :AI) Right Now?
Opinions of the stock are interesting as 4 analysts out of 10 who provided ratings for C3.ai Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $144.89, which is $13.27 above the current price. AI currently public float of 57.50M and currently shorts hold a 3.68% ratio of that float. Today, the average trading volume of AI was 8.21M shares.
AI’s Market Performance
The volatility ratio for the week stands at 9.87% while the volatility levels for the past 30 days are set at 13.78% for C3.ai Inc.. The simple moving average for the period of the last 20 days is 0.95% for AI stocks with a simple moving average of 2.47% for the last 200 days.
Analysts’ Opinion of AI
Many brokerage firms have already submitted their reports for AI stocks, with Wedbush repeating the rating for AI by listing it as a “Outperform.” The predicted price for AI in the upcoming period, according to Wedbush is $200 based on the research report published on January 04th of the current year 2021.
Piper Sandler, on the other hand, stated in their research note that they expect to see AI reach a price target of $166. The rating they have provided for AI stocks is “Overweight” according to the report published on January 04th, 2021.
Needham gave a rating of “Buy” to AI, setting the target price at $193 in the report published on January 04th of the current year.
AI Trading at 2.47% from the 50-Day Moving Average
After a stumble in the market that brought AI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.25% of loss for the given period.
Volatility was left at 13.78%, however, over the last 30 days, the volatility rate increased by 9.87%, as shares surge +4.32% for the moving average over the last 20 days.
During the last 5 trading sessions, AI rose by +13.01%, in comparison to the 20-day moving average, which settled at $134.63. In addition, C3.ai Inc. saw -2.26% in overturn over a single year, with a tendency to cut further losses.