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After finishing at $22.60 in the prior trading day, C3.ai Inc (NYSE: AI) closed at $22.89, up 1.28%. In other words, the price has increased by $1.28 from its previous closing price. On the day, 2.93 million shares were traded. AI stock price reached its highest trading level at $23.29 during the session, while it also had its lowest trading level at $22.45.
Ratios:
Our goal is to gain a better understanding of AI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.86 and its Current Ratio is at 7.86. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On November 21, 2023, Oppenheimer Upgraded its rating to Outperform which previously was Perform but kept the price unchanged to $40.
On July 25, 2023, Northland Capital started tracking the stock assigning a Market Perform rating and target price of $40.Northland Capital initiated its Market Perform rating on July 25, 2023, with a $40 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 27 ’24 when Lath Hitesh sold 3,005 shares for $27.56 per share. The transaction valued at 82,818 led to the insider holds 7,390 shares of the business.
Parkkinen Juho sold 407 shares of AI for $11,722 on Dec 26 ’23. The SVP & Chief Financial Officer now owns 295,815 shares after completing the transaction at $28.80 per share. On Dec 18 ’23, another insider, Parkkinen Juho, who serves as the SVP & Chief Financial Officer of the company, sold 5,513 shares for $30.56 each. As a result, the insider received 168,477 and left with 296,907 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AI now has a Market Capitalization of 2907785216 and an Enterprise Value of 2150366464. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.93 while its Price-to-Book (P/B) ratio in mrq is 3.32. Its current Enterprise Value per Revenue stands at 6.608 whereas that against EBITDA is -7.042.
Stock Price History:
Over the past 52 weeks, AI has reached a high of $38.30, while it has fallen to a 52-week low of $18.85. The 50-Day Moving Average of the stock is -5.43%, while the 200-Day Moving Average is calculated to be -13.82%.
Shares Statistics:
The stock has traded on average 3.83M shares per day over the past 3-months and 3042340 shares per day over the last 10 days, according to various share statistics. A total of 120.21M shares are outstanding, with a floating share count of 110.29M. Insiders hold about 13.18% of the company’s shares, while institutions hold 42.93% stake in the company. Shares short for AI as of 1726185600 were 25502995 with a Short Ratio of 6.66, compared to 1723680000 on 25371941. Therefore, it implies a Short% of Shares Outstanding of 25502995 and a Short% of Float of 25.82.
