C3.ai Inc. (NYSE:AI) is a publicly traded AI provider that specializes in delivering industrial scale artificial intelligence and Internet of Things applications. The company was founded in 2009 by Thomas Siebel and is headquartered in Redwood City, California. The company has become known for its advanced data-driven capabilities in the enterprise software space. Recently, the company’s shares have been trading lightly in the market and have fallen 1.53% since the last trading session.
The consensus among analysts is that C3.ai Inc. (AI) is a Hold stock at the moment, with a recommendation rating of 3.10. The expected earnings per share for the stock is -$0.22. Currently, the stock is at $25.27 per share which is -22.36% off its 52-week high price of $30.92 and 59.79% above the 52-week low of $10.16. The 5-day performance has seen it change 16.88% and has moved 125.83% year-to-date. Wall Street analysts have a consensus price target for the stock at $20.33, which means that the shares’ value could drop -24.3% from current levels.
Insiders own 13.21% of the company shares, while shares held by institutions stand at 43.13% with a share float percentage of 49.70%. Investors are also buoyed by the number of institutions that hold shares in the company, with C3.ai Inc. having a total of 302 institutional investors. The top two institutional holders are Vanguard Group, Inc. (The) and Baker Hughes Holdings LLC.
The company has, however, increased its growth outlook for the 2023 fiscal year revenue, with growth estimates for the current quarter being -214.30% and -28.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 3.40%. C3.ai Inc. is expected to release its next earnings report between May 30 and June 05 this year, and investors are looking forward to the prospect of prospective dividends despite the debt issue. Nevertheless, with such performance, it is no surprise that C3.ai Inc. is becoming less attractive to investors.
