The stock of C3.ai Inc. (NYSE:AI) increased by $0.96 on Monday to finish at $33.90, up 2.91 percent. The last five days have seen an average of 11,735,320 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $22.71. The average number of shares traded over the last 20 days was 18,283,615, while the average volume over the last 50 days totaled 25,947,539.
AI stock dropped -8.94% since last month. On 08/11/23, the company’s shares reached a one-month low of $31.65. The stock touched a high of $48.87 on 06/16/23, after rallying from a low of $10.16 in 52 weeks. The price of AI stock has risen by 202.95% or $22.71 this year, reaching a new high 21 times. Still, the stock price is down -30.63% from the 52-week high.
Insider Transactions
AI stock investors should be aware that C3.ai Inc. (AI) stock had its last reported insider trading activity 15 days ago on Jul 31. On Jul 31, Director LEVIN RICHARD C sold 12,000 shares at $42.00 each. This transaction resulted in the insider making $504,000. On Jul 07, LEVIN RICHARD C sold 12,000 shares at a price of US$42.02. After the transaction, the insider now owns 173,664 shares. SVP & Chief Financial Officer Parkkinen Juho had earlier sold 4,220 shares on Jun 29 for $36.12 a share. The transaction was completed for $152,426.
Valuation Metrics
Beta for the stock is 1.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.77, the price-to-book (PB) ratio of 4.11.
Company paid $0.2250 per share in dividends, remained unchanged from $0.2250 last year.
Financial Health
For the three months ended April 29, C3.ai Inc.’s quick ratio was 6.50, while its current ratio was 6.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 67.60% percent. Based on annual data, it had gross profit of $180.46 million and revenue of $266.8 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AI’s return on assets (ROA) during the last 12 months has been -24.20%. There was a -31.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -28.20%.
Earnings Surprise
According to C3.ai Inc.’s quarterly financial report for the quarter that ended April 29, it had $446.16 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $69.87 million, while revenues fell by -3.51% to $66.67 million. It was predicted that C3.ai Inc.’s quarterly earnings would be -$0.13, but it ended up being -$0.17, beating the consensus by 23.50%. EBITDA was -$70.45 million for the quarter. At the end of C3.ai Inc.’s most recent quarter ended April 29, its liabilities totaled 173.36 million, while its total debt was $39.66 million. Equity owned by shareholders amounts to $115.61 million.
Technical Picture
Here’s a quick look at C3.ai Inc.’s (AI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 36.83%, suggesting the stock is Neutral, with a 61.18% historical volatility rate.
The stochastic %K and %D were 10.75% and 8.33% respectively, while the average true range (ATR) was 2.86. Based on the 14-day stochastic reading of 16.98%, the RSI (14) reading is 41.25%. On the 9-day MACD Oscillator, the stock is at -2.50, and the 14-day reading is at -4.39.
Analyst Ratings
In its analyst report released on July 25, 2023, Northland Capital began covering C3.ai Inc. (NYSE: AI). The stock was rated as a Market perform by the brokerage firm. Analysts have assigned C3.ai Inc. (AI) an Hold rating. AI is a stock that is recommended for selling by 3 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is AI’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $50.00, with a median target price of $27.00. In analyzing these forecasts, the average price target given by analysts for C3.ai Inc. (AI) is $27.18.
