C3.ai Inc (AI) concluded trading on Wednesday at a closing price of $28.65, with 3.98 million shares of worth about $114.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.06% during that period and on March 20, 2024 the price saw a gain of about 1.27%. Currently the company’s common shares owned by public are about 110.44M shares, out of which, 104.66M shares are available for trading.
However, the stock later moved at a day high price of 28.88, or with a gain of 1.27%. Stock saw a price change of -5.66% in past 5 days and over the past one month there was a price change of 5.91%. Year-to-date (YTD), AI shares are showing a performance of -0.21% which increased to 32.76% 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 8.65 million. The stock is currently trading -5.92% below its 20-day simple moving average (SMA20), while that difference is up 1.78% for SMA50 and it goes to -6.24% lower than SMA200.
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C3.ai Inc (NYSE: AI) currently have 110.44M outstanding shares and institutions hold larger chunk of about 42.44% of that.
The stock has a current market capitalization of $3.50B and its 3Y-monthly beta is at 1.75. It has posted earnings per share of -$2.32 in the same period. It has Quick Ratio of 8.48 while making debt-to-equity ratio of 0.01. 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 4.13% while standing at 5.72% over the month.
Analysts are in expectations that C3.ai Inc (AI) stock would likely to be making an EPS of -$0.3 in the current quarter, while forecast for next quarter EPS is -$0.15 and it is -$0.4 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.34 which is -$0.27 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 -$0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -57.82% while it is estimated to increase by 39.76% 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.
