Million

Billion

Trillion

<ul class="list-ic vertical"> 
 <li> 1 <a>C3.ai stock price is broadly in an uptrend since the start of this year.&nbsp;</a> </li> 
 <li> 2 <a>AI stock price rose more than double in the last three months.&nbsp;</a> </li> 
</ul> 
Companies across industries are picking up pace following the pandemic and then gradually improving macroeconomic conditions. The emergence of cutting-edge artificial intelligence (AI) technology and implementation brought the companies into the league of frontrunners.&nbsp; 
The American tech company C3.ai Inc (NYSE: AI) is counted among the beneficiaries of the AI revolution. One can consider looking at the year-to-date growth of C3.ai gaining nearly 250% as a strong example.&nbsp; 
With the tremendous growth in the past several quarters, C3.ai stands as the preferable choice for investors to look upon. The flat growth in revenue in all those years, healthy profit margin, and low debt-to-equity ratio-like factors suggest the mid-cap company holds the potential to move ahead. 
The current market capitalization of C3.ai stands at $4.36 Billion.&nbsp; 
Given the estimated growth potential of the overall artificial intelligence (AI) industry,&nbsp; C3.ai Inc is poised to take the most advantage of it. The AI sector is likely to see a growth of $190 Billion by 2025 while a whopping $15 Trillion by the end of this decade. The company currently in its infancy has more room to grow and analysts expect it to expand along with the whole sector.&nbsp; 
For the last quarter, the company reported better than estimated revenue while continuing to bear the losses. The quarterly revenue was $72.4 Million while maintaining proximity with the estimates and the previous year’s numbers. However, the loss reported for the quarter soared up to $65 Million.&nbsp; 
<h2 class="wp-block-heading" id="strong-c3-ai-stock-price-movement-strong">C3.ai Stock Price Movement</h2> 
The current price of C3.ai stock is trading at $37.8 following the drop of over 3% in the last intraday trading session on Friday, August 4th. The stock price is roaming around its 52-week high of $49 attained during mid-July 2023.&nbsp; 
Following the yearly high, C3.ai stock saw a fall of 35% in the coming week breaking the upward movement. The stock bounced back after testing the immediate support at $32 and consolidating while remaining up since then.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh6.googleusercontent.com/e413JesPBvzWVcZIZGTDuIv0oK7x9rrwm7virt4VWkasvRpCiR9VSbzqv9NrF3hAofekCP2fcsrT4FSL-KHCJgQZi3f8fB2DYRDRtgRAG2a77RKbvUhncMD0_R3iPsw1bAGrIsrURjML9Riv0lXWsQ" alt="C3.ai Stock Price 240% Up YTD; Moving Ahead for 52Wk High at $49?&nbsp;"> 
 <figcaption class="wp-element-caption">
 Source: C3.ai Inc (NYSE: AI) Stock Price Movement on <a href="https://www.tradingview.com/x/acoxtCFt/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
 </figcaption> 
 </figure> 
</div> 
<a href="https://www.thecoinrepublic.com/2023/07/25/c3-ai-inc-ai-stock-can-it-be-the-next-big-thing-and-rally/" target="_blank" rel="noopener noreferrer nofollow">C3.ai stock</a> avoided a possible death crossover between the 50 and 200-day moving averages during mid-May 2023 and attained over 100% since then before settling down to 85% higher since then. At present, the stock is maintaining above both the moving averages.&nbsp; 
MACD is above the neutral line but the downside curve suggests a potential retracement in C3.ai stock down the line. RSI is at 53 suggesting a neutral trend in the stock for the time being and consolidation could continue for a while.&nbsp; 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

C3.ai Stock Price 240% Up YTD; Moving Ahead for 52Wk High at $49?

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