C3.ai Inc [NYSE: AI] price surged by 4.53 percent to reach at $1.36.
The one-year AI stock forecast points to a potential downside of -7.54. The average equity rating for AI stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $29.16 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 3.00. 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.
Northland Capital have made an estimate for C3.ai Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 30, 2024. The new note on the price target was released on November 21, 2023, representing the official price target for C3.ai Inc stock. Previously, the target price had yet another raise to $40, while Northland Capital analysts kept a Market Perform rating on AI stock.
The Average True Range (ATR) for C3.ai Inc is set at 1.50, with the Price to Sales ratio for AI stock in the period of the last 12 months amounting to 12.32. The Price to Book ratio for the last quarter was 4.44, with the Price to Cash per share for the same quarter was set at 6.15.
AI Stock Performance Analysis:
C3.ai Inc [AI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.45. With this latest performance, AI shares gained by 29.00% in over the last four-week period, additionally plugging by 20.52% over the last 6 months – not to mention a drop of -13.42% 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 73.37, with the RSI for the last a single of trading hit 78.07, and the three-weeks RSI is set at 68.42 for C3.ai Inc [AI]. The present Moving Average for the last 50 days of trading for this stock 24.86, while it was recorded at 30.30 for the last single week of trading, and 27.06 for the last 200 days.
Insight into C3.ai Inc Fundamentals:
C3.ai Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.48 and a Current Ratio set at 8.84.
C3.ai Inc [AI] Institutonal Ownership Details
The top three institutional holders of AI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AI stock with ownership which is approximately 5.8386%.
