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 April 18, 2024, AI stock price climbed to $20.87 with 4,484,460 million shares trading.

AI has a beta of 2.81, meaning it tends to be more sensitive to market movements. AI has a correlation of 0.17 to the broad based SPY ETF.

AI has a market cap of $2.50 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 price return of -8.4% while the SPY ETF gained +22.3%. AI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.3% and -17.6%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

AI support price is $19.99 and resistance is $21.21 (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.