C3.ai Inc (NYSE: AI) is -8.25% lower on its value in year-to-date trading and has touched a low of $18.85 and a high of $38.30 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 $25.28 in the last trading session, with the day’s gains setting it 1.06%.
Currently trading at $26.34, the stock is 4.51% and 9.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.31 million and changing 4.19% at the moment leaves the stock 0.58% off its SMA200. AI registered 4.07% gain for a year compared to 6-month gain of 14.03%. The firm has a 50-day simple moving average (SMA 50) of $24.088 and a 200-day simple moving average (SMA200) of $26.18695.
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The stock witnessed a 8.75% loss in the last 1 month and extending the period to 3 months gives it a -0.94%, and is 3.09% 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 3.13% over the week and 4.05% over the month.
C3.ai Inc (AI) has around 891 employees, a market worth around $3.35B and $325.43M in sales. Profit margin for the company is -85.48%. Distance from 52-week low is 39.73% and -31.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.75%).
with sales reaching $91.03M over the same period.The EPS is expected to shrink by -14.73% this year, but quarterly earnings will post 23.20% year-over-year.
C3.ai Inc (AI) Top Institutional Holders
438.0 institutions hold shares in C3.ai Inc (AI), with institutional investors hold 52.16% of the company’s shares. The shares outstanding are 120.21M, and float is at 110.22M with Short Float at 22.28%. Institutions hold 47.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.52 million shares valued at $333.73 million. The investor’s holdings represent 9.6544% of the AI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.47 million shares valued at $216.42 million to account for 6.2607 of the shares outstanding. The other top investors are VOYA INVESTMENT MANAGEMENT LLC which holds 6.35 million shares representing 5.3191% and valued at over $183.87 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 3.1459 of the shares totaling 3.75 million with a market value of $108.74 million.
C3.ai Inc (AI) Insider Activity
The most recent transaction is an insider sale by Lath Hitesh, the company’s CHIEF FINANCIAL OFFICER. SEC filings show that Lath Hitesh sold 3,005 shares of the company’s common stock on Jun 27 ’24 at a price of $27.56 per share for a total of $82818.0. Following the sale, the insider now owns 7390.0 shares.
C3.ai Inc disclosed in a document filed with the SEC on Dec 26 ’23 that Parkkinen Juho (SVP & Chief Financial Officer) sold a total of 407 shares of the company’s common stock. The trade occurred on Dec 26 ’23 and was made at $28.80 per share for $11722.0. 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, Parkkinen Juho (SVP & Chief Financial Officer) disposed off 5,513 shares at an average price of $30.56 for $0.17 million. The insider now directly holds 296,907 shares of C3.ai Inc (AI).
