During the recent session, C3.ai Inc (NYSE:AI)’s traded shares were 0.72 million, with the beta value of the company hitting 2.01. At the last check today, the stock’s price was $21.36, reflecting an intraday loss of -0.66% or -$0.14. The 52-week high for the AI share is $45.08, that puts it down -111.05 from that peak though still a striking 11.75% gain since the share price plummeted to a 52-week low of $18.85. The company’s market capitalization is $2.76B, and the average trade volume was 7.36 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 3.18. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.21.
C3.ai Inc (NYSE:AI) trade information
C3.ai Inc (AI) registered a -0.66% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.66% in intraday trading to $21.36, hitting a weekly high. The stock’s 5-day price performance is -8.92%, and it has moved by -37.53% in 30 days. Based on these gigs, the overall price performance for the year is -31.67%.
The consensus price target of analysts on Wall Street is $35, which implies an increase of 38.97% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $35 and $35 respectively. As a result, AI is trading at a discount of -63.86% off the target high and -63.86% off the low.
C3.ai Inc (AI) estimates and forecasts
In the rating firms’ projections, revenue will increase 25.17% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 108.54M as predicted by 14 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 107.3M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 86.59M and 87.21M respectively. In this case, analysts expect current quarter sales to grow by 25.35% and then jump by 23.03% in the coming quarter.
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 5.76% in 2025, the next five years will return 16.82% per annum.
AI Dividends
C3.ai Inc is due to release its next quarterly earnings in April. 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
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 iShares Russell 2000 ETF. 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 $76.61 million market value. The same data shows that the other fund manager holds slightly less at 2.98, or about 2.37% of the stock, which is worth about $63.87 million.
