The outlook and analysis of C3.ai Inc. (AI)’s stock

Currently, C3.ai Inc. [AI] is trading at $13.14, down -1.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AI shares have lost -11.10% over the last week, with a monthly amount drifted -31.74%, and not seem to be holding up well over a long-time horizon.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

On 22, September 2022, New York State to Standardize on C3 AI Energy Management. In a post published today on Yahoo Finance, Gov. Hochul mandates 100% clean electricity by 2030.

From an analyst’s perspective:

C3.ai Inc. [NYSE: AI] stock has seen the most recent analyst activity on September 02, 2022, when Needham downgraded its rating to a Hold. On June 02, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $15 on the stock. Wedbush downgraded its rating to a Neutral and decreased its price target to $16 on May 03, 2022. Deutsche Bank downgraded its rating to a Sell and reduced its price target to $18 on March 04, 2022. JP Morgan upgraded its rating to Neutral for this stock on March 02, 2022, and downed its price target to $27. In a note dated June 03, 2021, Needham reiterated an Buy rating on this stock and revised its target price from $195 to $146.

This stock has fluctuated between a low of $13.26 and a high of $53.82 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $15.63 within the next 12 months. C3.ai Inc. [NYSE: AI] shares were valued at $13.14 at the most recent close of the market. An investor can expect a potential return of 18.95% based on the average price forecast.

Analyzing the AI fundamentals

Recent quarter sales for C3.ai Inc. [NYSE:AI] were 65.31 billion which represents 24.60% growth. Gross Margin for this corporation currently stands at +74.79% with Operating Margin at -77.59%, Pretax Margin comes in at -75.68%, and Net Margin reading is -75.99%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.93 points at the first support level, and at 12.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.46, and for the 2nd resistance point, it is at 13.79.

C3.ai Inc. [AI] reported earnings per share of -$0.21 for its fiscal quarter that ended on 4/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.29/share, meaning a difference of $0.08 and a surprise factor of 27.60%. By comparison, the stated earnings for the previous quarter ended on 1/30/2022 were -$0.07 per share as compared to estimates of -$0.27 per share, a difference of $0.2 representing a surprise of 74.10%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for C3.ai Inc. [NYSE:AI] is 7.70. In addition, the Quick Ratio stands at 6.99 and the Cash Ratio stands at 6.40. Considering the valuation of this stock, the price to sales ratio is 7.14, the price to book ratio is 1.82.

Transactions by insiders

In the past 3 months, 1 insiders have purchased 26,785 shares, and 8 have sold 58,304 shares. Recent insider trading involved Parkkinen Juho, SVP & Chief Financial Officer, that happened on Sep 20 when 441.0 shares were sold. SVP & Chief Financial Officer, Parkkinen Juho completed a deal on Sep 16 to sell 2378.0 shares. Meanwhile, SVP & Chief Financial Officer Parkkinen Juho sold 2120.0 shares on Aug 01.