Is C3.ai Inc (NYSE: AI) Back In The Buying Zone?

Currently, there are 110.44M common shares owned by the public and among those 104.66M shares have been available to trade.

The company’s stock has a 5-day price change of -9.39% and 18.64% over the past three months. AI shares are trading 7.52% year to date (YTD), with the 12-month market performance up to 35.99% higher. It has a 12-month low price of $16.79 and touched a high of $48.87 over the same period. AI has an average intraday trading volume of 9.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.02%, 10.20%, and 0.57% respectively.

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Institutional ownership of C3.ai Inc (NYSE: AI) shares accounts for 42.48% of the company’s 110.44M shares outstanding.

It has a market capitalization of $3.77B and a beta (3y monthly) value of 1.77. The earnings-per-share (ttm) stands at -$2.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.04% over the week and 6.67% over the month.

Analysts forecast that C3.ai Inc (AI) will achieve an EPS of -$0.3 for the current quarter, -$0.15 for the next quarter and -$0.37 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.34 while analysts give the company a high EPS estimate of -$0.28. Comparatively, EPS for the current quarter was -$0.13 a year ago. Earnings per share for the fiscal year are expected to decrease by -57.82%, and 39.76% over the next financial year.

Looking at the support for the AI, a number of firms have released research notes about the stock. Oppenheimer stated their Outperform rating for the stock in a research note on November 21, 2023, with the firm’s price target at $40. Northland Capital coverage for the C3.ai Inc (AI) stock in a research note released on July 25, 2023 offered a Market Perform rating with a price target of $40. Oppenheimer was of a view on June 29, 2023 that the stock is Perform, while Wedbush gave the stock Outperform rating on June 01, 2023, issuing a price target of $24- $50. DA Davidson on their part issued Neutral rating on June 01, 2023.

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