In the last trading session, 2.63 million shares of the C3.ai Inc (NYSE:AI) were traded, and its beta was 1.99. Most recently the company’s share price was $23.50, and it changed around $0.01 or 0.04% from the last close, which brings the market valuation of the company to $3.12B. AI currently trades at a discount to its 52-week high of $45.08, offering almost -91.83% off that amount. The share price’s 52-week low was $18.85, which indicates that the current value has risen by an impressive 19.79% since then. We note from C3.ai Inc’s average daily trading volume that its 10-day average is 3.23 million shares, with the 3-month average coming to 4.88 million.
C3.ai Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.19. 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 showed a green trend with a performance of 0.04% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 23.88 on recent trading dayincreased the stock’s daily price by 1.59%. The company’s shares are currently down -31.75% year-to-date, but still up 6.19% over the last five days. On the other hand, C3.ai Inc (NYSE:AI) is -12.57% down in the 30-day period. We can see from the shorts that 22.09 million shares have been sold at a short interest cover period of 3.87 day(s).
The consensus price target as assigned by Wall Street analysts is $35, which translates to bulls needing to increase their stock price by 32.86% 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.
AI Dividends
C3.ai Inc’s next quarterly earnings report is expected to be released on 2025-Feb-25.
C3.ai Inc (NYSE:AI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.18% of C3.ai Inc shares, and 54.55% of them are in the hands of institutional investors. The stock currently has a share float of 59.41%. C3.ai Inc stock is held by 485.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.6544% of the shares, which is about 11.52 million shares worth $333.73 million.
BLACKROCK INC., with 5.9793% 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 Dec 31, 2024 . The former held 3.48 shares worth $81.76 million, making up 2.69% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.98 shares worth around $69.98 million, which represents about 2.30% of the total shares outstanding.
