AI stocks in focus as BigBear.ai tumbles on Q1 sales plunge
Seeking Alpha News (Fri, 3-May 9:12 AM ET)
C3 AI to Announce Financial Results for Fourth Quarter and Fiscal Year 2024 on May 29, 2024
Business Wire (Mon, 29-Apr 9:00 AM ET)
Business Wire (Fri, 26-Apr 4:20 PM ET)
Business Wire (Wed, 24-Apr 9:00 AM ET)
C3 AI to Present at Two Upcoming Investor Conferences in May
Business Wire (Thu, 18-Apr 9:00 AM ET)
PRNewswire (Fri, 12-Apr 6:55 PM ET)
Alan Murray Joins C3 AI Board of Directors
Business Wire (Tue, 9-Apr 9:00 AM ET)
C3 AI Named to The Financial Times' The Americas' Fastest Growing Companies 2024
Business Wire (Thu, 4-Apr 12:05 PM ET)
Business Wire (Wed, 27-Mar 9:00 AM ET)
Global A.I. Healthcare Market Size Estimated To Reach $148.4 Billion By 2029
Globe Newswire (Wed, 20-Mar 8:45 AM ET)
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 6, 2024, AI stock price climbed to $24.77 with 4,475,833 million shares trading.
AI has a beta of 2.93, meaning it tends to be more sensitive to market movements. AI has a correlation of 0.21 to the broad based SPY ETF.
AI has a market cap of $2.97 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 outperformed the market in the last year with a price return of +42.4% while the SPY ETF gained +28.3%. However, in the short term, AI had mixed performance relative to the market. It has underperformed in the last 3 months, returning -1.0% vs +4.8% return in SPY. But in the last 2 weeks, AI shares have fared better than the market returning +19.5% compared to SPY +4.3%.
AI support price is $23.24 and resistance is $24.85 (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.