In today’s recent session, 0.89 million shares of the C3.ai Inc (NYSE:AI) have been traded, and its beta is 2.01. Most recently the company’s share price was $22.21, and it changed around $0.11 or 0.50% from the last close, which brings the market valuation of the company to $2.87B. AI at last check was trading at a discount to its 52-week high of $45.08, offering almost -102.97% off that amount. The share price’s 52-week low was $18.85, which indicates that the recent value has risen by an impressive 15.13% since then.
C3.ai Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.18. If we narrow it down even further, the data shows that 4 out of 16 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 -0.21 for the current quarter.
C3.ai Inc (NYSE:AI) trade information
Instantly AI has been showing a green trend so far today with a performance of 0.50% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 25.68 on recent trading dayincreased the stock’s daily price by 13.51%. The company’s shares are currently down -35.49% year-to-date, but still down -16.00% over the last five days. On the other hand, C3.ai Inc (NYSE:AI) is -28.84% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $35, which translates to bulls needing to increase their stock price by 36.54% from its current value. Analyst projections state that AI is forecast to be at a low of $35 and a high of $35.
C3.ai Inc (AI) estimates and forecasts
The year-over-year growth rate is expected to be 25.17%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 108.54M in revenue for the current quarter. 12 analysts expect C3.ai Inc to make 107.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 86.59M and 87.21M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 25.35%. Forecasts for the next quarter put sales growth at 23.03%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -46.24%. C3.ai Inc earnings are expected to increase by 5.76% in 2025, but the outlook is positive 16.82% per year for the next five years.
C3.ai Inc (NYSE:AI)’s Major holders
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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 3.57 shares worth $78.96 million, making up 2.84% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.98 shares worth around $65.84 million, which represents about 2.37% of the total shares outstanding.
