C3.ai Inc. [NYSE: AI] loss -18.63% or -22.55 points to close at $98.50 with a heavy trading volume of 12286331 shares. The company report on March 2, 2021 that C3 AI Announces Third Quarter Fiscal 2021 Results.
Total Revenue of $49.1 million, increased 19% year over year;.
Subscription Revenue of $42.7 million, increased 23% year over year.
If we look at the average trading volume of 4.93M shares, AI reached to a volume of 12286331 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about C3.ai Inc. [AI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AI shares is $147.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AI stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for C3.ai Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 04, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on January 04, 2021, representing the official price target for C3.ai Inc. stock. Previously, the target price had yet another raise to $193, while Needham analysts kept a Buy rating on AI stock.
The Average True Range (ATR) for C3.ai Inc. is set at 12.50, with the Price to Sales ratio for AI stock in the period of the last 12 months amounting to 58.26.
Trading performance analysis for AI stock
C3.ai Inc. [AI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.68.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AI stock in for the last two-week period is set at 33.82, with the RSI for the last a single of trading hit 25.97, and the three-weeks RSI is set at 38.01 for C3.ai Inc. [AI]. The present Moving Average for the last 50 days of trading for this stock 138.82, while it was recorded at 113.77 for the last single week of trading.
C3.ai Inc. [AI]: A deeper dive into fundamental analysis
C3.ai Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 3.00.
An analysis of insider ownership at C3.ai Inc. [AI]
There are presently around $5,186 million, or 46.80% of AI stock, in the hands of institutional investors. The top three institutional holders of AI stocks are: TPG GROUP HOLDINGS (SBS) ADVISORS, INC. with ownership of 16,206,631, which is approximately New of the company’s market cap and around 6.30% of the total institutional ownership; BAKER HUGHES HOLDINGS LLC, holding 10,813,095 shares of the stock with an approximate value of $1.31 billion in AI stocks shares; and BLACKROCK INC., currently with $535.43 million in AI stock with ownership of nearly New of the company’s market capitalization.
150 institutional holders increased their position in C3.ai Inc. [NYSE:AI] by around 42,839,104 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 42,839,104 shares, according to the latest SEC report filing. AI stock had 150 new institutional investments in for a total of 42,839,104 shares, while 0 institutional investors sold positions of 0 shares during the same period.