C3.ai Inc (NYSE:AI)’s traded shares stood at 4.92 million during the last session, with the company’s beta value hitting 2.00. At the close of trading, the stock’s price was $31.73, to imply an increase of 2.69% or $0.83 in intraday trading. The AI share’s 52-week high remains $45.08, putting it -42.07% down since that peak but still an impressive 40.59% since price per share fell to its 52-week low of $18.85. The company has a valuation of $4.10B, with an average of 4.53 million shares in intraday trading volume over the past 10 days and average of 7.13 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 3.19. 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 -0.25.
C3.ai Inc (NYSE:AI) trade information
After registering a 2.69% upside in the last session, C3.ai Inc (AI) has traded red over the past five days. The 5-day price performance for the stock is -11.42%, and -17.05% over 30 days. With these gigs, the year-to-date price performance is -7.84%. 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 -10.31% off suggested target high and 24.36% 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 4.24% up over the last 6 months, with its year-to-date growth rate lower than industry average at -34.04% against 14.80%. The rating firms project that company’s revenue will grow 24.98% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 98.05M. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 108.47M.Earnings reports from the last fiscal year show that sales brought in 78.4M and 86.59M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 25.06% before jumping 25.27% in the following quarter.
AI Dividends
C3.ai Inc has its next earnings report out in February. 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 49.93% of the shares at 54.86% float percentage. In total, 49.93% 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.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the C3.ai Inc (AI) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 3.57 shares. This is just over 2.84% of the total shares, with a market valuation of $113.32 million. Data from the same date shows that the other fund manager holds a little less at 2.78, or 2.21% of the shares, all valued at about 88.1 million.
