To The Moon

$C3.ai, Inc.(AI)$ will be releasing their earnings report on 31 May Post Market, they have recently gained more than 20% due to the A.I. boom coming from strong and positive earnings report from Nvidia (NVDA).

Now it is time to see how C3.ai (AI) would do in its earnings report, they are still not profitable but they have been making a few progress recently.

Recently they have made their C3 Generative AI Product Suite available publicly on $Alphabet(GOOGL)$ cloud-arm Google Cloud Marketplace.

This product suite will add on to the already available A.I. solutions on Google Cloud which help companies to streamline their customer’s procurement and onboarding process.

What I believe C3.ai (AI) product suite might take time to be widely adopted by Google Cloud customers.

Let us examine how C3.ai (AI) data is stacking up.

C3.ai (AI) Earning Data

C3.ai (AI) will be releasing their earnings for period ending 2023 (Q4) on 31 May after market close, market forecast EPS is still in the negative but it will be an improvement from 2022 same period.

But I would expect a close to positive or low positive EPS, reason is because there have been quite a number of A.I. initiative by companies (small or large).

C3 Generative AI Product Suite provides a transformative human-computer interaction model that enables users at the largest organizations to easily interact with complex applications to find relevant information and take concrete action.

The suite will help to serve larger organization to really save time in finding information and plan the proper corrective action or concrete action.

C3.ai (AI) EPS (Actual vs Forecast)

As mentioned above, C3 Generative AI is made available as a standalone application as well as packaged as part of existing C3 AI applications such as C3 AI Readiness, C3 AI ESG, and C3 AI Supply Network Risk.

This would be suitable for smaller enterprises.

Furthermore, placing the product suite will helps C3.ai in expanding its user base, thereby driving the top line.

This would allow interested parties to standardize multiple purchasing functions into a single step, including negotiation and deployment.

C3.ai (AI) Price Change (Before and After Earnings Report)

C3.ai (AI) price did experienced more than 30% change before and after earnings report when their EPS beat estimate by 0.12, even though the company is still not profitable.

I am expecting that C3.ai (AI) might be reporting a profitable quarter or close to a positive EPS on 31 May 23 after hours.

C3.ai (AI) Hedge Funds Holdings

We are seeing hedge funds increased their holdings by 1.7M in the last quarter. This could go up as we can see that more and more funds are looking for potential good A.I. stocks to invest into.

C3.ai (AI) is one of the potential A.I. stocks.

C3.ai (AI) Technical Analysis - Moving Averages

C3ai’s (AI) 10-Day exponential moving average is 27.10, while C3ai’s (AI) share price is $32.94, making it a Buy.

C3ai’s (AI) 100-Day exponential moving average is 21.29, while C3ai’s (AI) share price is $32.94, making it a Buy.

C3ai’s (AI) stock price is $32.94 and C3ai’s (AI) 50-day simple moving average is 22.96, creating a Buy signal.

C3ai’s (AI) stock price is $32.94 and C3ai’s (AI) 100-day simple moving average is 21.30, creating a Buy signal.

C3ai’s (AI) stock price is $32.94 and C3ai’s (AI) 200-day simple moving average is 17.64, creating a Buy signal.

Based on C3.ai (AI) last traded price on Friday(26 May), C3.ai (AI) is a BUY and with a better than expected EPS and better guidance into future quarters, I believe the stock price would go higher.

C3.ai (AI) Pivot Point

Based on the interest that have even continue in after hours on 26 May, I would think that the current traded price though higher than pivot point, would have better potential to go higher with a better EPS.

C3.ai (AI) Investors Sentiment

Based on what we have seen in trading on 26 May, the investor sentiment is very positive.

I would expect investors are still interested to increase their holdings for C3.ai when market open after the holiday on 30 May 23 one day before earnings report is due to release for C3.ai.

Investors have been increasing their holdings in their portfolios for past 7 days and 30 days.

Summary

As we anticipate the earnings report for C3.ai, we would also need to look at how market is reacting to news and events that is happening.

The most recent positive would be U.S. has reached a deal for debt ceiling raise, but it will take some time to get the framework to be in place.

In the meantime, I believe this news would help to boost investors confidence hence sentiment would not be swayed.

I would expect C3.ai (AI) to give a good earnings report and guidance and this would move its share price higher.

I would be looking to enter when market open on 30 May 23(Tuesday) in premarket.

Appreciate if you could share your thoughts in the comment section your thought whether you would be looking to trade in C3.ai (AI) stock before its earnings report.

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@TigerStars @Daily_Discussion appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.