C3.ai Inc [AI] stock is trading at $34.07, down -5.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The AI shares have gain 17.89% over the last week, with a monthly amount glided 36.55%, and seem to be holding up well over a long-time horizon.
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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 [AI] stock has fluctuated between $16.79 and $48.87 over the past year. Currently, Wall Street analysts expect the stock to reach $118.44 within the next 12 months. C3.ai Inc [NYSE: AI] shares were valued at $34.07 at the most recent close of the market. An investor can expect a potential return of 247.64% based on the average AI price forecast.
Analyzing the AI fundamentals
C3.ai Inc [NYSE:AI] reported sales of 296.40M for the trailing twelve months, which represents a growth of 17.60%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -1.04%, Pretax Profit Margin comes in at -0.91%, and Net Profit Margin reading is -0.92%. To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.3 and Total Capital is -0.32.
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 32.74 points at the first support level, and at 31.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.47, and for the 2nd resistance point, it is at 38.87.
C3.ai Inc [AI] reported earnings per share of -$0.13 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.28/share, meaning a difference of $0.15 and a surprise factor of 53.60%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were -$0.13 per share as compared to estimates of -$0.18 per share, a difference of $0.05 representing a surprise of 27.80%.
Ratios To Look Out For
For context, C3.ai Inc’s Current Ratio is 8.48. On the other hand, the Quick Ratio is 8.48, and the Cash Ratio is 1.05. Considering the valuation of this stock, the price to sales ratio is 13.78, the price to book ratio is 4.63.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 1 insider sales totaling 407 shares over the past 3 months. 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.
