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 Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World.

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

As of December 20, 2024, AI stock price climbed to $36.34 with 11,457,769 million shares trading.

AI has a beta of 2.46, meaning it tends to be more sensitive to market movements. AI has a correlation of 0.18 to the broad based SPY ETF.

AI has a market cap of $4.69 billion. This is considered a Mid Cap stock.

Last quarter C3.Ai Class A reported $94 million in Revenue and -$.06 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.10.

In the last 3 years, AI traded as high as $48.87 and as low as $10.16.

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

AI has underperformed the market in the last year with a price return of +22.2% while the SPY ETF gained +27.8%. However, in the short term, AI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +56.3% vs +4.4% return in SPY. But in the last 2 weeks, AI shares have been beat by the market, returning -10.3% compared to an SPY return of -2.4%.

AI support price is $33.36 and resistance is $37.54 (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 shares will trade within this expected range on the day.