C3.ai Inc. (NYSE:AI) went down by -7.05% from its latest closing price compared to the recent 1-year high of $183.90. The company’s stock price has collected -15.04% of loss in the last five trading sessions. Barron’s reported on 05/02/21 that Baker Hughes Sells Slumping C3.ai Stock
Is It Worth Investing in C3.ai Inc. (NYSE :AI) Right Now?
Opinions of the stock are interesting as 4 analysts out of 10 who provided ratings for C3.ai Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $135.56. AI currently public float of 67.91M and currently shorts hold a 14.46% ratio of that float. Today, the average trading volume of AI was 4.06M shares.
AI’s Market Performance
AI stocks went down by -15.04% for the week, with a monthly drop of -10.61% and a quarterly performance of -55.29%. The volatility ratio for the week stands at 7.11% while the volatility levels for the past 30 days are set at 7.58% for C3.ai Inc.. The simple moving average for the period of the last 20 days is -6.93% for AI stocks with a simple moving average of -43.24% for the last 200 days.
Analysts’ Opinion of AI
Many brokerage firms have already submitted their reports for AI stocks, with Wedbush repeating the rating for AI by listing it as a “Outperform.” The predicted price for AI in the upcoming period, according to Wedbush is $200 based on the research report published on January 04th of the current year 2021.
Piper Sandler, on the other hand, stated in their research note that they expect to see AI reach a price target of $166. The rating they have provided for AI stocks is “Overweight” according to the report published on January 04th, 2021.
Needham gave a rating of “Buy” to AI, setting the target price at $193 in the report published on January 04th of the current year.
AI Trading at -22.69% from the 50-Day Moving Average
After a stumble in the market that brought AI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -66.51% of loss for the given period.
Volatility was left at 7.58%, however, over the last 30 days, the volatility rate increased by 7.11%, as shares sank -9.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.22% lower at present.
During the last 5 trading sessions, AI fell by -15.04%, in comparison to the 20-day moving average, which settled at $65.84. In addition, C3.ai Inc. saw -55.61% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at AI starting from Sastry Shankar, who sale 50,000 shares at the price of $69.41 back on Apr 14. After this action, Sastry Shankar now owns 24,640 shares of C3.ai Inc., valued at $3,470,307 using the latest closing price.
TPG Group Holdings (SBS) Advis, the 10% Owner of C3.ai Inc., sale 600,000 shares at $76.06 during a trade that took place back on Mar 22, which means that TPG Group Holdings (SBS) Advis is holding 13,595,656 shares at $45,638,412 based on the most recent closing price.