In the latest trading session,, 0.68 million C3.ai Inc (NYSE:AI) shares changed hands as the company’s beta touched 1.97. With the company’s most recent per share price at $22.46 changed hands at -$0.13 or -0.58% at last look, the market valuation stands at $2.98B. AI’s current price is a discount, trading about -100.71% off its 52-week high of $45.08. The share price had its 52-week low at $17.03, which suggests the last value was 24.18% up since then. When we look at C3.ai Inc’s average trading volume, we note the 10-day average is 3.25 million shares, with the 3-month average coming to 4.43 million.
Analysts gave the C3.ai Inc (AI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.06. If we narrow down to specifics, the data shows that 2 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended AI as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. C3.ai Inc’s EPS for the current quarter is expected to be -0.2.
C3.ai Inc (NYSE:AI) trade information
Instantly AI was in red as seen in intraday trades today. With action 16.92%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -34.77%, with the 5-day performance at 16.92% in the green. However, in the 30-day time frame, C3.ai Inc (NYSE:AI) is -0.31% down. Looking at the short shares, we see there were 21.71 million shares sold at short interest cover period of 5.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need a downside of -24.78% from its recent market value. According to analyst projections, AI’s forecast low is 18 with 18 as the target high. To hit the forecast high, the stock’s price needs a 19.86% surge from its current level, while the stock would need to tank 19.86% for it to hit the projected low.
C3.ai Inc (AI) estimates and forecasts
Year-over-year growth is forecast to reach 24.98% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 107.85M. 12 analysts are of the opinion that C3.ai Inc’s revenue for the current quarter will be 106.12M. The company’s revenue for the corresponding quarters a year ago was 86.59M and 87.21M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 24.55%. The estimates for the next quarter sales put growth at 21.68%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -46.24%. The 2025 estimates are for C3.ai Inc earnings to increase by 5.91%, but the outlook for the next 5-year period is at 18.50% per year.
AI Dividends
C3.ai Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
C3.ai Inc (NYSE:AI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.96% of C3.ai Inc shares while 54.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.33%. There are 54.61% institutions holding the C3.ai Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.2205% of the shares, roughly 11.52 million AI shares worth $333.73 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.9793% or 7.47 million shares worth $216.42 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . With 3.48 shares estimated at $77.68 million under it, the former controlled 2.69% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.29% of the shares, roughly 2.96 shares worth around $66.1 million.
