C3.ai Inc [AI] gain 30.93% so far this year. What now?

GBS Stock

C3.ai Inc [NYSE: AI] closed the trading session at $37.59.

The stocks have a year to date performance of 30.93 percent and weekly performance of 3.38 percent. The stock has been moved at 23.00 percent over the last six months. The stock has performed 51.33 percent around the most recent 30 days and changed 77.98 percent over the most recent 3-months.

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If compared to the average trading volume of 4.75M shares, AI reached to a volume of 7170383 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 $25.50 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 2.07, with the Price to Sales ratio for AI stock in the period of the last 12 months amounting to 14.67. The Price to Book ratio for the last quarter was 5.46, with the Price to Cash per share for the same quarter was set at 6.00.

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 3.38. With this latest performance, AI shares gained by 51.33% in over the last four-week period, additionally plugging by 23.00% over the last 6 months – not to mention a rise of 24.02% 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 72.47, with the RSI for the last a single of trading hit 73.31, and the three-weeks RSI is set at 70.93 for C3.ai Inc [AI]. The present Moving Average for the last 50 days of trading for this stock 27.91, while it was recorded at 36.82 for the last single week of trading, and 26.73 for the last 200 days.

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

C3.ai Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.86 and a Current Ratio set at 7.86.

C3.ai Inc [AI]: Institutional Ownership

There are presently around $49.99%, or 54.93%% of AI stock, in the hands of institutional investors. The top three institutional holders of AI stocks are: VANGUARD GROUP INC with ownership of 11.52 million shares, which is approximately 9.6544%. BLACKROCK INC., holding 7.47 million shares of the stock with an approximate value of $$216.42 million in AI stocks shares; and BLACKROCK INC., currently with $$183.71 million in AI stock with ownership which is approximately 5.0758%.