In the latest trading session, 2.11 million C3.ai Inc (NYSE:AI) shares changed hands as the company’s beta touched 1.99. With the company’s most recent per share price at $37.13 changing hands around $0.94 or 2.59% at last look, the market valuation stands at $4.72B. AI’s current price is a discount, trading about -7.41% off its 52-week high of $39.88. The share price had its 52-week low at $18.85, which suggests the last value was 49.23% up since then. When we look at C3.ai Inc’s average trading volume, we note the 10-day average is 9.28 million shares, with the 3-month average coming to 4.79 million.
Analysts gave the C3.ai Inc (AI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 2 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended AI as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. C3.ai Inc’s EPS for the current quarter is expected to be -0.16.
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C3.ai Inc (NYSE:AI) trade information
Instantly AI is in green as seen in intraday trades today. With action -1.94%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 29.32%, with the 5-day performance at -1.94% in the red. However, in the 30-day time frame, C3.ai Inc (NYSE:AI) is 48.33% up. Looking at the short shares, we see there were 22.77 million shares sold at short interest cover period of 7.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 33, meaning bulls need a downside of -12.52% from its recent market value. According to analyst projections, AI’s forecast low is 20 with 425 as the target high. To hit the forecast high, the stock’s price needs a -1044.63% plunge from its current level, while the stock would need to tank 46.14% for it to hit the projected low.
C3.ai Inc (AI) estimates and forecasts
Data shows that the C3.ai Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 25.13% over the past 6 months, a -12.77% in annual growth rate that is considerably lower than the industry average of 15.40%. Year-over-year growth is forecast to reach 23.19% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 91.02M. 13 analysts are of the opinion that C3.ai Inc’s revenue for the current quarter will be 97.57M. The company’s revenue for the corresponding quarters a year ago was 73.23M and 78.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 24.30%. The estimates for the next quarter sales put growth at 24.45%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -46.24%. The 2024 estimates are for C3.ai Inc earnings to decrease by -14.73%.
AI Dividends
C3.ai Inc is expected to release its next quarterly earnings report in January.
C3.ai Inc (NYSE:AI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.00% of C3.ai Inc shares while 49.99% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.93%. There are 49.99% institutions holding the C3.ai Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.6544% of the shares, roughly 11.52 million AI shares worth $333.73 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.2607% or 7.47 million shares worth $216.42 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 3.35 shares estimated at $124.26 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.25% of the shares, roughly 2.78 shares worth around $102.98 million.
