C3.ai (NYSE:AI) Is A Stock To Watch Into

The AI stock price fluctuated between $49.24 and $51.62 throughout the trading session with the volume trading being 2M shares, which represented a negative variation when compared to the three months average volume of 3M shares.

The share price of C3.ai, Inc. (NYSE:AI) dipped -1.18% to close Tuesday’s market session at $50.89, lower as compared to yesterday’s close which brings the market valuation of the company to $5.19B.

The 52-week high for the C3.ai, Inc.’s shares is $183.90. That puts it -72.33% from that peak but still a good gain since the share price dropped to a 52-week low of $47.22, while the S&P 500’s share price change was of 35%.

What does the trading volume tell us about the AI stock?

During the last trading session, C3.ai, Inc. (NYSE:AI) has seen growth in its daily volume. The daily volume was of 3M, while in the last 10 days the average was 1.75M and last three months – 3.33M.
The increasing interest in the AI stock from the investors is helping to drive the stock price up.

Growing short interest

The C3.ai, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 10.29M shares being shorted which translates into 4.62 of a short ratio for AI, while in the previous month the shorted shares were 9.09M.

C3.ai, Inc. (NYSE:AI) financials

With a market cap of 5.19B, C3.ai, Inc. holds a total cash of $1.09B that translates into $10.72 per share, while the total debt is of $N/A.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 25.60%. The current revenue is of $183.22M that is $3.05 per share.
This is a great sign for a bright future.