For C3.ai Inc. [AI], Analyst sees a drop to $15. What next?

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C3.ai Inc. [NYSE: AI] surged by $2.22 during the normal trading session on Friday and reaching a high of $19.96 during the day while it closed the day at $19.84. The company report on June 3, 2022 that C3 AI to Present at Upcoming Investor Conference.


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C3.ai, Inc. (NYSE: AI), the Enterprise AI application software company, today announced that management will present at the following upcoming conference.

The Baird 2022 Global Consumer, Technology & Services Conference. The C3 AI presentation is scheduled for Tuesday, June 7, 2022, at 5:30 am Pacific Time (8:30 am Eastern Time).

C3.ai Inc. stock has also gained 7.88% of its value over the past 7 days. However, AI stock has declined by -1.05% in the 3 months of the year. Over the past six months meanwhile, it has lost -33.95% and lost -36.51% year-on date.

The market cap for AI stock reached $1.87 billion, with 105.09 million shares outstanding and 91.55 million shares in the current float. Compared to the average trading volume of 3.29M shares, AI reached a trading volume of 12657617 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $24.28 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 2.80. 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.

Piper Sandler have made an estimate for C3.ai Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 02, 2022. While these analysts kept the previous recommendation, Wedbush dropped their target price from $30 to $16. The new note on the price target was released on May 03, 2022, representing the official price target for C3.ai Inc. stock. Previously, the target price had yet another drop from $36 to $18, while Deutsche Bank kept a Sell rating on AI stock. On March 02, 2022, analysts decreased their price target for AI shares from 43 to 27.

The Average True Range (ATR) for C3.ai Inc. is set at 1.76, with the Price to Sales ratio for AI stock in the period of the last 12 months amounting to 7.40. The Price to Book ratio for the last quarter was 2.03, with the Price to Cash per share for the same quarter was set at 10.27.

AI stock trade performance evaluation

C3.ai Inc. [AI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.88. With this latest performance, AI shares gained by 7.53% in over the last four-week period, additionally sinking by -33.95% over the last 6 months – not to mention a drop of -69.21% in the past year of trading.

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 56.88, with the RSI for the last a single of trading hit 61.00, and the three-weeks RSI is set at 53.70 for C3.ai Inc. [AI]. The present Moving Average for the last 50 days of trading for this stock 19.03, while it was recorded at 18.93 for the last single week of trading, and 31.83 for the last 200 days.

C3.ai Inc. [AI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and C3.ai Inc. [AI] shares currently have an operating margin of -32.89 and a Gross Margin at +75.70. C3.ai Inc.’s Net Margin is presently recorded at -30.40.

Return on Total Capital for AI is now -9.57, given the latest momentum, and Return on Invested Capital for the company is -8.87. Return on Equity for this stock declined to -8.89, with Return on Assets sitting at -7.42. When it comes to the capital structure of this company, C3.ai Inc. [AI] has a Total Debt to Total Equity ratio set at 0.53. Additionally, AI Total Debt to Total Capital is recorded at 0.53, with Total Debt to Total Assets ending up at 0.47. Long-Term Debt to Equity for the company is recorded at 0.16, with the Long-Term Debt to Total Capital now at 0.16.

Receivables Turnover for the company is 3.81 with a Total Asset Turnover recorded at a value of 0.24.C3.ai Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.20 and a Current Ratio set at 8.20.

C3.ai Inc. [AI]: Insider Ownership positions

There are presently around $1,009 million, or 45.20% of AI stock, in the hands of institutional investors. The top three institutional holders of AI stocks are: BAKER HUGHES HOLDINGS LLC with ownership of 8,650,476, which is approximately 0% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 7,969,409 shares of the stock with an approximate value of $158.11 million in AI stocks shares; and TPG GROUP HOLDINGS (SBS) ADVISORS, INC., currently with $90.48 million in AI stock with ownership of nearly -24.197% of the company’s market capitalization.

Positions in C3.ai Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 116 institutional holders increased their position in C3.ai Inc. [NYSE:AI] by around 7,899,704 shares. Additionally, 118 investors decreased positions by around 11,848,133 shares, while 50 investors held positions by with 31,131,102 shares. The mentioned changes placed institutional holdings at 50,878,939 shares, according to the latest SEC report filing. AI stock had 35 new institutional investments in for a total of 1,545,965 shares, while 56 institutional investors sold positions of 5,144,076 shares during the same period.

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