C3.ai Inc (NYSE:AI)’s traded shares stood at 2.62 million during the latest session, with the company’s beta value hitting 1.99. At the last check today, the stock’s price was $39.70, to imply an increase of 5.89% or $2.21 in intraday trading. The AI share’s 52-week high remains $39.88, putting it -0.45% down since that peak but still an impressive 52.52% since price per share fell to its 52-week low of $18.85. The company has a valuation of $5.04B, with an average of 7.2 million shares in intraday trading volume over the past 10 days and average of 4.35 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for C3.ai Inc (AI), translating to a mean rating of 3.00. Of 11 analyst(s) looking at the stock, 2 analyst(s) give AI a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.16.
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C3.ai Inc (NYSE:AI) trade information
After registering a 5.89% upside in the latest session, C3.ai Inc (AI) has traded red over the past five days. The 5-day price performance for the stock is 6.78%, and 43.32% over 30 days. With these gigs, the year-to-date price performance is 38.28%. Short interest in C3.ai Inc (NYSE:AI) saw shorts transact 22.77 million shares and set a 7.99 days time to cover.
The extremes give us $24 and $35 for target low and target high price respectively. As such, AI has been trading 11.84% off suggested target high and 39.55% from its likely low.
C3.ai Inc (AI) estimates and forecasts
Looking at statistics comparing C3.ai Inc share performance against respective industry, we note that the company has underperformed competitors. C3.ai Inc (AI) shares are 32.33% up over the last 6 months, with its year-to-date growth rate lower than industry average at -12.77% against 15.60%. The rating firms project that company’s revenue will grow 23.18% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 91.02M. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 97.57M.Earnings reports from the last fiscal year show that sales brought in 73.23M and 78.4M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 24.30% before jumping 24.45% in the following quarter.
AI Dividends
C3.ai Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
C3.ai Inc (NYSE:AI)’s Major holders
C3.ai Inc insiders hold 9.00% of total outstanding shares, with institutional holders owning 49.99% of the shares at 54.93% float percentage. In total, 49.99% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 11.52 million shares (or 9.6544% of shares), all amounting to roughly $333.73 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 7.47 million shares, or about 6.2607% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $216.42 million.
