C3.ai Inc (NYSE:AI) has a beta value of 1.98 and has seen 4.86 million shares traded in the recent trading session. The company, currently valued at $5.58B, closed the recent trade at $41.94 per share which meant it gained $2.48 on the day or 6.28% during that session. The AI stock price is -7.49% off its 52-week high price of $45.08 and 55.05% above the 52-week low of $18.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.06 million shares traded. The 3-month trading volume is 6.01 million shares.
The consensus among analysts is that C3.ai Inc (AI) is Buy stock at the moment, with a recommendation rating of 3.00. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 11 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.25.
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C3.ai Inc (NYSE:AI) trade information
Sporting 6.28% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AI stock price touched $41.94 or saw a rise of 6.97%. Year-to-date, C3.ai Inc shares have moved 46.07%, while the 5-day performance has seen it change 0.62%. Over the past 30 days, the shares of C3.ai Inc (NYSE:AI) have changed 58.97%. Short interest in the company has seen 22.77 million shares shorted with days to cover at 7.99.
Wall Street analysts have a consensus price target for the stock at $29.5, which means that the shares’ value could drop -42.17% from the levels at last check today. The projected low price target is $24.0 while the price target rests at a high of $35.0. In that case, then, we find that the latest price level in today’s session is 16.55% off the targeted high while a plunge would see the stock lose 42.78% from the levels at last check today.
C3.ai Inc (AI) estimates and forecasts
Figures show that C3.ai Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 43.57% over the past 6 months, with this year growth rate of -31.91%, compared to 15.00% for the industry. Revenue growth from the last financial year stood is estimated to be 24.84%.
13 analysts offering their estimates for the company have set an average revenue estimate of 98.01M for the current quarter. 13 have an estimated revenue figure of 108.34M for the next ending quarter. Year-ago sales stood 78.4M and 86.59M respectively for this quarter and the next, and analysts expect sales will grow by 25.01% for the current quarter and 24.84% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -46.24% over the past 5 years.
AI Dividends
C3.ai Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
C3.ai Inc (NYSE:AI)’s Major holders
Insiders own 9.00% of the company shares, while shares held by institutions stand at 49.93% with a share float percentage of 54.86%. Investors are also buoyed by the number of investors in a company, with C3.ai Inc having a total of 428.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 11.52 million shares worth more than $333.73 million. As of 2024-06-30, VANGUARD GROUP INC held 9.6544% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 7.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $216.42 million and represent 6.2607% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.84% shares in the company for having 3.57 shares of worth $148.93 million while later fund manager owns 2.78 shares of worth $115.78 million as of Sep 30, 2024, which makes it owner of about 2.21% of company’s outstanding stock.
