C3.ai Inc [AI] stock is trading at $21.57, up 4.10%. 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 3.50% over the last week, with a monthly amount drifted -24.00%, and not 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 $21.57 at the most recent close of the market. An investor can expect a potential return of 449.1% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 20.87 points at the first support level, and at 20.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.97, and for the 2nd resistance point, it is at 22.37.
Ratios To Look Out For
For context, C3.ai Inc’s Current Ratio is 8.48. In addition, the Quick Ratio stands at 8.48 and the Cash Ratio stands at 1.05. Considering the valuation of this stock, the price to sales ratio is 8.88, the price to book ratio is 2.93.
Transactions by insiders
Recent insider trading involved Parkkinen Juho, SVP & Chief Financial Officer, that happened on Dec 26 ’23 when 407.0 shares were sold. SVP & Chief Financial Officer, Parkkinen Juho completed a deal on Dec 20 ’23 to sell 685.0 shares. Meanwhile, Chief Technology Officer ABBO EDWARD Y sold 45548.0 shares on Dec 18 ’23.
