In the last trading session, 50.88 million shares of the C3.ai Inc (NYSE:AI) were traded, and its beta was 1.98. Most recently the company’s share price was $41.73, and it changed around $0.05 or 0.12% from the last close, which brings the market valuation of the company to $5.30B. AI currently trades at a discount to its 52-week high of $42.94, offering almost -2.9% off that amount. The share price’s 52-week low was $18.85, which indicates that the current value has risen by an impressive 54.83% since then. We note from C3.ai Inc’s average daily trading volume that its 10-day average is 9.09 million shares, with the 3-month average coming to 4.79 million.

C3.ai Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 3 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 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 -0.25 for the current quarter.

C3.ai Inc (NYSE:AI) trade information

Instantly AI has showed a green trend with a performance of 0.12% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 45.08 on recent trading dayincreased the stock’s daily price by 7.43%. The company’s shares are currently up 45.35% year-to-date, but still up 13.55% over the last five days. On the other hand, C3.ai Inc (NYSE:AI) is 51.42% up in the 30-day period. We can see from the shorts that 22.77 million shares have been sold at a short interest cover period of 7.99 day(s).

The consensus price target as assigned by Wall Street analysts is $29.5, which translates to bulls needing to decrease their stock price by -41.46% from its current value. Analyst projections state that AI is forecast to be at a low of $24 and a high of $35.

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 33.28 percent over the past six months and at a -12.77% annual growth rate that is well below the industry average of 15.50%. The year-over-year growth rate is expected to be 24.68%, up from the previous year.

Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 98.01M in revenue for the current quarter. 13 analysts expect C3.ai Inc to make 108.34M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 78.4M and 86.59M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.01%. Forecasts for the next quarter put sales growth at 25.11%.

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 in January.

C3.ai Inc (NYSE:AI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 9.00% of C3.ai Inc shares, and 49.93% of them are in the hands of institutional investors. The stock currently has a share float of 54.86%. C3.ai Inc stock is held by 428.0 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.