A share price of C3.ai Inc [AI] is currently trading at $30.10, up 4.15%. 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 gain 11.28% over the last week, with a monthly amount glided 19.82%, and seem to be holding up well over a long-time horizon.
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On 5, February 2024, C3 AI Announces Fifth Annual AI Conference, C3 Transform 2024: Reshaping the World with Generative AI. In a post published today on Yahoo Finance, Discover how generative AI is evolving the landscape of work, learn from AI experts about how to invest in AI, and why safe AI is critical for all.
From an analyst’s perspective:
C3.ai Inc [NYSE: AI] stock has seen the most recent analyst activity on November 21, 2023, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $40 for it. Previously, Northland Capital started tracking the stock with Market Perform rating on July 25, 2023, and set its price target to $40. On June 29, 2023, Oppenheimer initiated with a Perform rating. Wedbush upgraded its rating to a Outperform and increased its price target to $50 on June 01, 2023. DA Davidson downgraded its rating to a Neutral but $30 remained the price target by the analyst firm on June 01, 2023. Wolfe Research downgraded its rating to Underperform for this stock on April 24, 2023, but kept the price target unchanged to $14. In a note dated February 03, 2023, DA Davidson initiated an Buy rating and provided a target price of $30 on this stock.
C3.ai Inc experienced fluctuations in its stock price throughout the past year between $16.79 and $48.87. Currently, Wall Street analysts expect the stock to reach $139.15 within the next 12 months. C3.ai Inc [NYSE: AI] shares were valued at $30.10 at the most recent close of the market. An investor can expect a potential return of 362.29% based on the average AI price forecast.
Analyzing the AI fundamentals
Trailing Twelve Months sales for C3.ai Inc [NYSE:AI] were 284.67M which represents 17.34% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
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 29.33 points at the first support level, and at 28.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.59, and for the 2nd resistance point, it is at 31.07.
C3.ai Inc [AI] reported earnings per share of -$0.13 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of $0.05 and a surprise factor of 27.80%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were -$0.09 per share as compared to estimates of -$0.17 per share, a difference of $0.08 representing a surprise of 47.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for C3.ai Inc [NYSE:AI] is 8.16. In addition, the Quick Ratio stands at 8.16 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 12.67, the price to book ratio is 3.96.
Transactions by insiders
In the past 3 months, 0 insiders have purchased 0 shares, and 1 have sold 407 shares. Recent insider trading involved Parkkinen Juho, SVP & Chief Financial Officer, that happened on Dec 26 when 407.0 shares were sold. SVP & Chief Financial Officer, Parkkinen Juho completed a deal on Dec 20 to sell 685.0 shares. Meanwhile, Chief Technology Officer ABBO EDWARD Y sold 45548.0 shares on Dec 18.
