C3.ai
C3.ai, Inc. provides enterprise artificial intelligence (AI) software for digital transformation. It delivers the C3 AI suite for developing, deploying, and operating large-scale AI, predictive analytics, and Internet of Things (IoT) applications in addition to a portfolio of turn-key AI applications. The company was founded by Thomas M. Siebel, Patricia A. House and Stephen Maurice Ward, Jr. on January 8, 2009 and is headquartered in Redwood City, CA. The listed name for AI is C3.ai, Inc.
Financials
C3.ai has been growing greatly over the past quarters.
Although, Then slowing down when the pandemic hit.
This company has a good opportunity for growth during this time.
Due to the need for artificial intelligence in the warehouse sector due to the huge growth in online shopping.
Revenue has increased year over year.
Adding more innovations in technology. Plus coupled with the need for more automation in certain sectors, this has great potentials to continue to grow.
support and resistance
Looking at the daily chart and given the most recent selloff of the market. AI has came down to almost initial levels. This is a good area to get into a company that has a business model fit for the changing innovations to come.
The current price is well below the 20ema, 50ma, and the 200ema.
this is very good it will has some levels of resistance to get back to it height.
You need to take into account the current state of market sentiment, the Corona virus and Congress approval of new stimulus.
these will play immediate affect on the current price in the near future.
Average analysis has $AI at approx $120+ and so this has definite immediate possible growth.
1HR Chart
This 1hr chart goes back to december of 2020, at it’s height of $183. Then showing a pullback and then finding more support at the $150 level.
the more recent selloff has sent this stock into bearish territory.
if you are bullish in technology and this stock in-particular this is a good time to start looking at averaging in.
Of course no-one knows where the bottom is. C3.ai is a stock is nearing its original support in the $90+ area.
The senate is looking to possibly approve some kind of stimulus and with the 10yr treasury looks to be declining soon.
With positive news on either of these areas should drive a more bullish sentiment into this stock. With opposite news we could always have the latter.
final Thought
Investing in a choppy market can always have some disadvantages.
If you are looking for a long term investment, to hold at a lesser over-valuation.
(most stocks currently over-valued) with some near upside potential.
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