C3.ai Inc. (NYSE:AI) Lost -4.63% In A Week: What’s Driving The Stock? – Marketing Sentinel
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C3.ai Inc. (NYSE:AI) Lost -4.63% In A Week: What’s Driving The Stock?

In last trading session, C3.ai Inc. (NYSE:AI) saw 2.61 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $28.24 trading at -$2.0 or -6.61% at ring of the bell on the day assigns it a market valuation of $2.93B. That closing price of AI’s stock is at a discount of -526.56% from its 52-week high price of $176.94 and is indicating a premium of 2.55% from its 52-week low price of $27.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.07 million shares which gives us an average trading volume of 3.73 million if we extend that period to 3-months.

C3.ai Inc. (NYSE:AI) trade information

Upright in the red during last session for losing -6.61%, in the last five days AI remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $28.24 price level, adding 10.29% to its value on the day. C3.ai Inc.’s shares saw a change of -9.63% in year-to-date performance and have moved -4.63% in past 5-day. C3.ai Inc. (NYSE:AI) showed a performance of -9.43% in past 30-days. Number of shares sold short was 15.81 million shares which calculate 2.74 days to cover the short interests.

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C3.ai Inc. (AI) estimates and forecasts

Statistics highlight that C3.ai Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -44.23% of value to its shares in past 6 months, showing an annual growth rate of -13.33% while that of industry is 9.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -107.70% in the current quarter and calculating -20.80% decrease in the next quarter. This year revenue growth is estimated to rise 36.20% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $66.78 million for the same. And 9 analysts are in estimates of company making revenue of $71.58 million in the next quarter that will end on Apr 2022. Company posted $47.28 million and $52.28 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 41.20% while estimating it to be 36.90% for the next quarter.

AI Dividends

C3.ai Inc. is more likely to be releasing its next quarterly report between February 28 and March 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

C3.ai Inc. (NYSE:AI)’s Major holders

Insiders are in possession of 16.20% of company’s total shares while institution are holding 51.34 percent of that, with stock having share float percentage of 61.26%. Investors also watch the number of corporate investors in a company very closely, which is 51.34% institutions for C3.ai Inc. that are currently holding shares of the company. Baker Hughes Holdings LLC is the top institutional holder at AI for having 8.65 million shares of worth $400.86 million. And as of Sep 29, 2021, it was holding 8.52% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 6.21 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.11% of outstanding shares, having a total worth of $287.61 million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.99 million shares of worth $92.35 million or 1.96% of the total outstanding shares. The later fund manager was in possession of 1.75 million shares on Sep 29, 2021, making its stake of worth around $81.23 million in the company or a holder of 1.73% of company’s stock.

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