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C3.ai Inc (AI) Analysis & Forecast for 2024

C3.ai Inc (NYSE: AI) is 4.49% higher on its value in year-to-date trading and has touched a low of $20.23 and a high of $48.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AI stock was last observed hovering at around $29.93 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $30.00, the stock is 13.23% and 21.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.81 million and changing 0.23% at the moment leaves the stock 10.80% off its SMA200. AI registered -17.63% loss for a year compared to 6-month loss of 2.88%.

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The stock witnessed a 22.80% gain in the last 1 month and extending the period to 3 months gives it a -5.36%, and is 1.45% 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 5.25% over the week and 5.09% over the month.

C3.ai Inc (AI) has around 914 employees, a market worth around $3.66B and $310.58M in sales. Profit margin for the company is -90.06%. Distance from 52-week low is 48.29% and -38.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.09%).

The EPS is expected to shrink by -15.38% this year.

C3.ai Inc (AI) Top Institutional Holders

The shares outstanding are 120.21M, and float is at 105.45M with Short Float at 32.69%.

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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