AI Stock Summary and Trading Ideas (C3.Ai Class A | NYSE:AI)

C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Suite, is a comprehensive application development and runtime environment that is designed to allow customers to rapidly design, develop, and deploy Enterprise AI applications of any type; C3 AI Applications, include a large and growing family of industry-specific and application-specific turnkey AI solutions that can be immediately installed and deployed; and C3.ai Ex Machina, analytics for applying data science to every-day business decisions.

C3.Ai Class A trades on the NYSE stock market under the symbol AI.

As of May 10, 2024, AI stock price declined to $23.89 with 3,529,046 million shares trading.

AI has a beta of 2.80, meaning it tends to be more sensitive to market movements. AI has a correlation of 0.19 to the broad based SPY ETF.

AI has a market cap of $2.86 billion. This is considered a Mid Cap stock.

Last quarter C3.Ai Class A reported $78 million in Revenue and -$.13 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.15.

In the last 3 years, AI stock traded as high as $76.85 and as low as $10.16.

The top ETF exchange traded funds that AI belongs to (by Net Assets): VTI, VB, IWM, VXF, VGT.

AI has underperformed the market in the last year with a return of +18.4%, while the SPY ETF gained +27.8%. In the last 3 month period, AI fell short of the market, returning -16.1%, while SPY returned +4.2%. However, in the most recent 2 weeks AI has outperformed the stock market by returning +4.6%, while SPY returned +2.5%.

AI support price is $23.51 and resistance is $25.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AI stock will trade within this expected range on the day.