During the recent session, C3.ai Inc (NYSE:AI)’s traded shares were 1.69 million, with the beta value of the company hitting 1.97. At the last check today, the stock’s price was $32.85, reflecting an intraday loss of -2.32% or -$0.78. The 52-week high for the AI share is $45.08, that puts it down -37.23 from that peak though still a striking 42.62% gain since the share price plummeted to a 52-week low of $18.85. The company’s market capitalization is $4.24B, and the average intraday trading volume over the past 10 days was 5.0 million shares, and the average trade volume was 7.42 million shares over the past three months.
C3.ai Inc (AI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.19. AI has a Sell rating from 2 analyst(s) out of 11 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
C3.ai Inc (NYSE:AI) trade information
C3.ai Inc (AI) registered a -2.32% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.32% in intraday trading to $32.85, hitting a weekly high. The stock’s 5-day price performance is 3.53%, and it has moved by -7.33% in 30 days. Based on these gigs, the overall price performance for the year is 24.24%. The short interest in C3.ai Inc (NYSE:AI) is 22.77 million shares and it means that shorts have 7.99 day(s) to cover.
The consensus price target of analysts on Wall Street is $29.5, which implies a decrease of -11.36% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24 and $35 respectively. As a result, AI is trading at a discount of -6.54% off the target high and 26.94% off the low.
C3.ai Inc (AI) estimates and forecasts
Statistics show that C3.ai Inc has underperformed its competitors in share price, compared to the industry in which it operates. C3.ai Inc (AI) shares have gone up 15.75% during the last six months, with a year-to-date growth rate less than the industry average at -34.04% against 14.90.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -46.24%. While earnings are projected to return -32.86% in 2025.
AI Dividends
C3.ai Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
C3.ai Inc (NYSE:AI)’s Major holders
C3.ai Inc insiders own 9.00% of total outstanding shares while institutional holders control 49.93%, with the float percentage being 54.86%. VANGUARD GROUP INC is the largest shareholder of the company, while 428.0 institutions own stock in it. As of 2024-06-30, the company held over 11.52 million shares (or 9.6544% of all shares), a total value of $333.73 million in shares.
The next largest institutional holding, with 7.47 million shares, is of BLACKROCK INC.’s that is approximately 6.2607% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $216.42 million.
Also, the Mutual Funds coming in first place with the largest holdings of C3.ai Inc (AI) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.57 shares. This amounts to just over 2.84 percent of the company’s overall shares, with a $118.93 million market value. The same data shows that the other fund manager holds slightly less at 2.78, or about 2.21% of the stock, which is worth about $92.46 million.
