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Why C3.ai Inc (AI) Stock Could See Much Higher Prices Ahead

C3.ai Inc (NYSE: AI) is -8.05% lower on its value in year-to-date trading and has touched a low of $16.79 and a high of $48.87 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 $27.07 in the last trading session, with the day’s loss setting it -0.67%.

Currently trading at $26.40, the stock is -11.75% and -6.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.1 million and changing -2.48% at the moment leaves the stock -12.76% off its SMA200. AI registered 1.62% gain for a year compared to 6-month gain of 4.93%. The firm has a 50-day simple moving average (SMA 50) of $8.44 and a 200-day simple moving average (SMA200) of -$8.42.

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The stock witnessed a -28.59% loss in the last 1 month and extending the period to 3 months gives it a -12.67%, and is -5.10% down 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 3.80% over the week and 4.91% over the month.

C3.ai Inc (AI) has around 914 employees, a market worth around $3.22B and $296.40M in sales. Profit margin for the company is -91.67%. Distance from 52-week low is 57.24% and -45.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.20%).

C3.ai Inc quarterly earnings per share for the current quarter are estimated at -$0.3 with sales reaching $84.39M over the same period.The EPS is expected to shrink by -57.82% this year, but quarterly earnings will post 15.60% year-over-year. Quarterly sales are estimated to grow 16.50% in year-over-year returns.

C3.ai Inc (AI) Top Institutional Holders

412 institutions hold shares in C3.ai Inc (AI), with institutional investors hold 51.70% of the company’s shares. The shares outstanding are 110.44M, and float is at 104.62M with Short Float at 30.14%. Institutions hold 46.76% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 9.82 million shares valued at $357.65 million. The investor’s holdings represent 8.56% of the AI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 4.95 million shares valued at $180.24 million to account for 4.31% of the shares outstanding. The other top investors are Baker Hughes Holdings LLC which holds 4.66 million shares representing 4.06% and valued at over $169.64 million, while Jane Street Group, LLC holds 2.26% of the shares totaling 2.59 million with a market value of $94.36 million.

C3.ai Inc (AI) Insider Activity

The most recent transaction is an insider sale by Parkkinen Juho,the company’sSVP & Chief Financial Officer. SEC filings show that Parkkinen Juho sold 407 shares of the company’s common stock on Dec 26 ’23 at a price of $28.80 per share for a total of $11722.0. Following the sale, the insider now owns 0.3 million shares.

C3.ai Inc disclosed in a document filed with the SEC on Dec 20 ’23 that Parkkinen Juho (SVP & Chief Financial Officer) sold a total of 685 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $32.16 per share for $22030.0. Following the transaction, the insider now directly holds 0.3 million shares of the AI stock.

Still, SEC filings show that on Dec 18 ’23, ABBO EDWARD Y (Chief Technology Officer) disposed off 45,548 shares at an average price of $30.73 for $1.4 million. The insider now directly holds 727,373 shares of C3.ai Inc (AI).

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