In today’s recent session, 8.86 million shares of the C3.ai Inc (NYSE:AI) have been traded, and its beta is 1.80. Most recently the company’s share price was $31.51, and it changed around $4.97 or 18.73% from the last close, which brings the market valuation of the company to $4.00B. AI at last check was trading at a discount to its 52-week high of $38.30, offering almost -21.55% off that amount. The share price’s 52-week low was $18.85, which indicates that the recent value has risen by an impressive 40.18% since then. We note from C3.ai Inc’s average daily trading volume that its 10-day average is 3.48 million shares, with the 3-month average coming to 3.80 million.

C3.ai Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.07. If we narrow it down even further, the data shows that 3 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended AI as a Hold, whereas 3 deemed it a Buy, and 2 rated it as Underweight. C3.ai Inc is expected to report earnings per share of -0.16 for the current quarter.

C3.ai Inc (NYSE:AI) trade information

Instantly AI has been showing a green trend so far today with a performance of 18.73% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 30.85 on recent trading daydecreased the stock’s daily price by -2.14%. The company’s shares are currently up 9.75% year-to-date, but still up 13.39% over the last five days. On the other hand, C3.ai Inc (NYSE:AI) is 23.33% up in the 30-day period. We can see from the shorts that 23.15 million shares have been sold at a short interest cover period of 8.2 day(s).

The consensus price target as assigned by Wall Street analysts is $33, which translates to bulls needing to increase their stock price by 4.52% 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 20.50 percent over the past six months and at a -12.77% annual growth rate that is well below the industry average of 12.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -24.51% in revenue this quarter, and will report a decrease of -23.63% in the next quarter. The year-over-year growth rate is expected to be 23.19%, up from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 91.02M in revenue for the current quarter. 13 analysts expect C3.ai Inc to make 97.57M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 73.23M and 78.4M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.30%. Forecasts for the next quarter put sales growth at 24.45%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -46.24%.

AI Dividends

C3.ai Inc’s next quarterly earnings report is expected to be released on 2024-Dec-09.

C3.ai Inc (NYSE:AI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.99% of C3.ai Inc shares, and 50.00% of them are in the hands of institutional investors. The stock currently has a share float of 54.94%. C3.ai Inc stock is held by 429.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6544% of the shares, which is about 11.52 million shares worth $333.73 million.

BLACKROCK INC., with 6.2607% or 7.47 million shares worth $216.42 million as of 2024-06-30, holds the second largest percentage of outstanding shares.