C3AI (AI, Financial) experienced a rise in its stock price, climbing $1.16 or 4.24%, positioning it around $28.39. This positive movement was accompanied by an options trading volume that reached over double the usual daily average, with 224,000 contracts changing hands. The action favored calls over puts, resulting in an unusually low put/call ratio of 0.06, compared to the standard 0.21.
Despite the increase in trading activity, implied volatility, marked near 50.0, decreased by 0.39 and is now in the bottom 10% of its annual range. This indicates an expected daily price change of approximately $0.89. Additionally, the flattening of the put-call skew points to a slightly bullish sentiment in the market for AI.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for C3.ai Inc (AI, Financial) is $29.87 with a high estimate of $50.00 and a low estimate of $15.00. The average target implies an upside of 5.31% from the current price of $28.36. More detailed estimate data can be found on the C3.ai Inc (AI) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, C3.ai Inc's (AI, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for C3.ai Inc (AI, Financial) in one year is $35.35, suggesting a upside of 24.65% from the current price of $28.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the C3.ai Inc (AI) Summary page.
