C3.ai Inc. (NYSE: AI) is -50.70% lower on its value in year-to-date trading and has touched a low of $59.75 and a high of $183.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AI stock was last observed hovering at around $68.90 in the last trading session, with the day’s loss setting it -0.49% off its average median price target of $140.00 for the next 12 months. It is also 64.92% off the consensus price target high of $195.00 offered by 10 analysts, but current levels are 18.56% higher than the price target low of $84.00 for the same period.
Currently trading at $68.41, the stock is -10.40% and -38.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.52 million and changing -0.71% at the moment leaves the stock -42.69% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $93.34 and a 200-day simple moving average (SMA200) of $119.36.
The stock witnessed a -22.71% in the last 1 month and extending the period to 3 months gives it a -50.70%, and is 5.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.03% over the week and 8.55% over the month.
C3.ai Inc. (AI) has around 518 employees, a market worth around $6.60B and $172.60M in sales. Profit margin for the company is -36.00%. Distance from 52-week low is 14.49% and -62.80% from its 52-week high. The company has generated returns on investments over the last 12 months (38.80%).
C3.ai Inc. (AI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for C3.ai Inc. (AI) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 2.70, where 4 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
C3.ai Inc. quarterly earnings per share for the current quarter are estimated at -$0.26 with sales reaching $50.6M over the same period.The EPS is expected to shrink by -108.10% this year.
C3.ai Inc. (AI) Top Institutional Holders
182 institutions hold shares in C3.ai Inc. (AI), with 20.4M shares held by insiders accounting for 20.21% while institutional investors hold 52.83% of the company’s shares. The shares outstanding are 100.93M, and float is at 67.91M with Short Float at 9.59%. Institutions hold 42.15% of the Float.
The top institutional shareholder in the company is Tpg Group Holdings (sbs) Advisors, Inc. with over 16.21 million shares valued at $2.25 billion. The investor’s holdings represent 16.63% of the AI Shares outstanding. As of Dec 30, 2020, the second largest holder is Baker Hughes Holdings, LLC with 10.81 million shares valued at $1.5 billion to account for 11.10% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.42 million shares representing 4.54% and valued at over $613.72 million, while Interwest Venture Management Co. holds 1.78% of the shares totaling 1.73 million with a market value of $240.52 million.
C3.ai Inc. (AI) Insider Activity
The most recent transaction is an insider sale by TPG Group Holdings (SBS) Advis ,the company’s10% Owner. SEC filings show that TPG Group Holdings (SBS) Advis sold 600,000 shares of the company’s common stock on Mar 22 at a price of $76.06 per share for a total of $45.64 million. Following the sale, the insider now owns 13.6 million shares.
C3.ai Inc. disclosed in a document filed with the SEC on Mar 17 that SIEBEL THOMAS M (Chief Executive Officer) sold a total of 27,819 shares of the company’s common stock. The trade occurred on Mar 17 and was made at $81.35 per share for $2.26 million. Following the transaction, the insider now directly holds 9.24 million shares of the AI stock.
Still, SEC filings show that on Mar 17, SIEBEL THOMAS M (Chief Executive Officer) disposed off 583,210 shares at an average price of $81.07 for $47.28 million. The insider now directly holds 1,756,390 shares of C3.ai Inc. (AI).