Future Outlook And C3.ai Inc Stock Price Performance

In the last trading session, 3.09 million shares of the C3.ai Inc (NYSE:AI) were traded, and its beta was 1.70. Most recently the company’s share price was $27.07, and it changed around -$0.19 or -0.70% from the last close, which brings the market valuation of the company to $3.30B. AI currently trades at a discount to its 52-week high of $48.87, offering almost -80.53% off that amount. The share price’s 52-week low was $16.79, which indicates that the current value has risen by an impressive 37.98% since then. We note from C3.ai Inc’s average daily trading volume that its 10-day average is 4.03 million shares, with the 3-month average coming to 8.11 million.

C3.ai Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.13. If we narrow it down even further, the data shows that 3 out of 14 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended AI as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. C3.ai Inc is expected to report earnings per share of -$0.3 for the current quarter.

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C3.ai Inc (NYSE:AI) trade information

Instantly AI has showed a red trend with a performance of -0.70% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -5.71% year-to-date, but still down -4.62% over the last five days. On the other hand, C3.ai Inc (NYSE:AI) is -8.82% down in the 30-day period. We can see from the shorts that 31.53 million shares have been sold at a short interest cover period of 2.85 day(s).

The consensus price target as assigned by Wall Street analysts is $118.44, which translates to bulls needing to increase their stock price by 77.14% from its current value. Analyst projections state that AI is forecast to be at a low of $20 and a high of $425.

C3.ai Inc (AI) estimates and forecasts

C3.ai Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 10.85 percent over the past six months and at a -59.52% annual growth rate that is well below the industry average of 5.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -130.80% in revenue this quarter, and will report a decrease of -66.70% in the next quarter. The year-over-year growth rate is expected to be 15.60%, up from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $84.39 million in revenue for the current quarter. 10 analysts expect C3.ai Inc to make $85.88 million in revenue for the quarter ending Jul 2024. Analysts predict that the company’s current quarter sales will jump, forecast at 16.50%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -62.57%.

AI Dividends

C3.ai Inc’s next quarterly earnings report is expected to be released around May 29 and June 03.

C3.ai Inc (NYSE:AI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 9.55% of C3.ai Inc shares, and 46.76% of them are in the hands of institutional investors. The stock currently has a share float of 51.70%. C3.ai Inc stock is held by 412 institutions, with Vanguard Group Inc being the largest institutional investor. By Dec 30, 2023, it held 8.71% of the shares, which is about 10.33 million shares worth $279.64 million.

Blackrock Inc., with 5.69% or 6.75 million shares worth $182.73 million as of Dec 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2023. The former held 3.24 million shares worth $87.71 million, making up 2.73% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 2.63 million shares worth around $71.15 million, which represents about 2.22% of the total shares outstanding.