C3.ai Inc. (NYSE: AI)’s stock price has increased by 5.85 compared to its previous closing price of 20.85. but the company has seen a -2.78% decline in its stock price over the last five trading sessions. Barron’s reported on 03/03/23 that C3.ai Stock Rallies on Strong Results, Guidance Boost
Is It Worth Investing in C3.ai Inc. (NYSE: AI) Right Now?
Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 2 as “sell.”
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The average price predicted for C3.ai Inc. (AI) by analysts is $20.22, which is -$1.85 below the current market price. The public float for AI is 90.86M, and at present, short sellers hold a 25.97% of that float. On March 17, 2023, the average trading volume of AI was 17.54M shares.
AI’s Market Performance
AI’s stock has seen a -2.78% decrease for the week, with a -5.32% drop in the past month and a 67.07% gain in the past quarter. The volatility ratio for the week is 8.86%, and the volatility levels for the past 30 days are at 10.03% for C3.ai Inc. The simple moving average for the last 20 days is -4.90% for AI stock, with a simple moving average of 32.59% for the last 200 days.
Analysts’ Opinion of AI
Many brokerage firms have already submitted their reports for AI stocks, with DA Davidson repeating the rating for AI by listing it as a “Buy.” The predicted price for AI in the upcoming period, according to DA Davidson is $30 based on the research report published on February 03rd of the current year 2023.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see AI reach a price target of $14. The rating they have provided for AI stocks is “Hold” according to the report published on October 10th, 2022.
AI Trading at 13.64% 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 -28.62% of loss for the given period.
Volatility was left at 10.03%, however, over the last 30 days, the volatility rate increased by 8.86%, as shares sank -13.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +99.37% upper at present.
During the last 5 trading sessions, AI fell by -2.78%, which changed the moving average for the period of 200-days by +11.86% in comparison to the 20-day moving average, which settled at $23.03. In addition, C3.ai Inc. saw 97.23% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AI starting from LEVIN RICHARD C, who sale 24,000 shares at the price of $30.03 back on Feb 06. After this action, LEVIN RICHARD C now owns 233,664 shares of C3.ai Inc., valued at $720,720 using the latest closing price.
Parkkinen Juho, the SVP & Chief Financial Officer of C3.ai Inc., sale 4,578 shares at $19.95 during a trade that took place back on Feb 01, which means that Parkkinen Juho is holding 346,993 shares at $91,343 based on the most recent closing price.
Stock Fundamentals for AI
Current profitability levels for the company are sitting at:
- -77.59 for the present operating margin
- +74.79 for the gross margin
The net margin for C3.ai Inc. stands at -75.99. Equity return is now at value -27.10, with -23.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 6.99.
Conclusion
To sum up, C3.ai Inc. (AI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
