C3.ai Inc (AI) concluded trading on Wednesday at a closing price of $26.18, with 5.06 million shares of worth about $132.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.62% during that period and on Wednesday the price saw a loss of about -3.22%. Currently the company’s common shares owned by public are about 110.44M shares, out of which, 102.75M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 1,611,054 shares in 24 of the transactions. In 39 selling transactions, insiders dumped 1,110,644 shares.
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However, the stock later moved at a day high price of 26.45, or with a loss of -3.22%. Stock saw a price change of -8.91% in past 5 days and over the past one month there was a price change of -0.98%. Year-to-date (YTD), AI shares are showing a performance of -8.81% which increased to 9.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.79 but also hit the highest price of $48.87 during that period. The average intraday trading volume for C3.ai Inc shares is 8.95 million. The stock is currently trading -2.09% below its 20-day simple moving average (SMA20), while that difference is down -5.15% for SMA50 and it goes to -13.12% lower than SMA200.
C3.ai Inc (NYSE: AI) currently have 110.44M outstanding shares and institutions hold larger chunk of about 43.39% of that.
The stock has a current market capitalization of $3.14B and its 3Y-monthly beta is at 1.58. It has posted earnings per share of -$2.29 in the same period. It has Quick Ratio of 8.16 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AI, volatility over the week remained 5.19% while standing at 5.46% over the month.
Analysts are in expectations that C3.ai Inc (AI) stock would likely to be making an EPS of -$0.28 in the current quarter, while forecast for next quarter EPS is -$0.23 and it is -$0.27 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.34 which is -$0.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -73.54% while it is estimated to increase by 52.91% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Oppenheimer on November 21, 2023 offering an Outperform rating for the stock and assigned a target price of $40 to it. Coverage by Northland Capital stated C3.ai Inc (AI) stock as a Market perform in their note to investors on July 25, 2023, suggesting a price target of $40 for the stock. On June 29, 2023, Oppenheimer Initiated their recommendations, while on June 01, 2023, Wedbush Upgrade their ratings for the stock with a price target of $50. Stock get a Neutral rating from DA Davidson on June 01, 2023.
