During the last session, C3.ai Inc (NYSE:AI)’s traded shares were 4.34 million, with the beta value of the company hitting 1.86. At the end of the trading day, the stock’s price was $32.77, reflecting an intraday gain of 1.27% or $0.41. The 52-week high for the AI share is $38.30, that puts it down -16.88 from that peak though still a striking 42.48% gain since the share price plummeted to a 52-week low of $18.85. The company’s market capitalization is $4.16B, and the average intraday trading volume over the past 10 days was 6.28 million shares, and the average trade volume was 4.29 million shares over the past three months.
C3.ai Inc (AI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.07. AI has a Sell rating from 2 analyst(s) out of 11 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.16.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
C3.ai Inc (NYSE:AI) trade information
C3.ai Inc (AI) registered a 1.27% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.27% in intraday trading to $32.77, hitting a weekly high. The stock’s 5-day price performance is 24.22%, and it has moved by 34.19% in 30 days. Based on these gigs, the overall price performance for the year is 14.94%. The short interest in C3.ai Inc (NYSE:AI) is 23.15 million shares and it means that shorts have 8.2 day(s) to cover.
The consensus price target of analysts on Wall Street is $33, which implies an increase of 0.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $425 respectively. As a result, AI is trading at a discount of -1196.92% off the target high and 38.97% off the low.
C3.ai Inc (AI) estimates and forecasts
Statistics show that C3.ai Inc has underperformed its competitors in share price, compared to the industry in which it operates. C3.ai Inc (AI) shares have gone up 36.88% during the last six months, with a year-to-date growth rate less than the industry average at -12.77% against 12.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -24.51% this quarter and then drop -23.63% in the quarter after that. In the rating firms’ projections, revenue will increase 23.19% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 91.02M as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 97.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 73.23M and 78.4M respectively. In this case, analysts expect current quarter sales to grow by 24.30% and then jump by 24.45% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -46.24%. While earnings are projected to return -14.73% in 2024.
AI Dividends
C3.ai Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
C3.ai Inc (NYSE:AI)’s Major holders
C3.ai Inc insiders own 9.00% of total outstanding shares while institutional holders control 50.00%, with the float percentage being 54.94%. VANGUARD GROUP INC is the largest shareholder of the company, while 429.0 institutions own stock in it. As of 2024-06-30, the company held over 11.52 million shares (or 9.6544% of all shares), a total value of $333.73 million in shares.
The next largest institutional holding, with 7.47 million shares, is of BLACKROCK INC.’s that is approximately 6.2607% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $216.42 million.
Also, the Mutual Funds coming in first place with the largest holdings of C3.ai Inc (AI) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.35 shares. This amounts to just over 2.71 percent of the company’s overall shares, with a $112.57 million market value. The same data shows that the other fund manager holds slightly less at 2.68, or about 2.17% of the stock, which is worth about $90.18 million.
