C3.ai Inc (AI) Volatility Spurs A Quest For Clarity

Currently, there are 120.21M common shares owned by the public and among those 110.47M shares have been available to trade.

The company’s stock has a 5-day price change of -4.31% and -2.37% over the past three months. AI shares are trading -18.04% year to date (YTD), with the 12-month market performance down to -19.28% lower. It has a 12-month low price of $20.23 and touched a high of $38.30 over the same period. AI has an average intraday trading volume of 4.60 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 -5.59%, -13.25%, and -13.71% respectively.

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Institutional ownership of C3.ai Inc (NYSE: AI) shares accounts for 43.76% of the company’s 120.21M shares outstanding.

It has a market capitalization of $2.98B and a beta (3y monthly) value of 1.81. The earnings-per-share (ttm) stands at -$2.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.59% over the week and 4.17% over the month.

Analysts forecast that C3.ai Inc (AI) will achieve an EPS of -0.13 for the current quarter, -0.14 for the next quarter and -0.27 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.17 while analysts give the company a high EPS estimate of -0.17. Comparatively, EPS for the current quarter was -0.09 a year ago. Earnings per share for the fiscal year are expected to decrease by -15.38%, and 54.61% over the next financial year.

Looking at the support for the AI, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on May 30, 2024, with the firm’s price target at $35. Oppenheimer coverage for the C3.ai Inc (AI) stock in a research note released on November 21, 2023 offered a Outperform rating with a price target of $40. Wedbush on their part issued Outperform rating on June 01, 2023.

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