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C3.ai Inc (NYSE: AI) closed the day trading at $26.59 down -2.96% from the previous closing price of $27.40. In other words, the price has decreased by -$2.96 from its previous closing price. On the day, 3.27 million shares were traded. AI stock price reached its highest trading level at $27.93 during the session, while it also had its lowest trading level at $25.92.
Ratios:
For a better understanding of AI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.77 and its Current Ratio is at 8.77. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
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 20 ’23, another insider, Parkkinen Juho, who serves as the SVP & Chief Financial Officer of the company, sold 685 shares for $32.16 each. As a result, the insider received 22,030 and left with 296,222 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 3318910720 and an Enterprise Value of 2728465152. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.69 while its Price-to-Book (P/B) ratio in mrq is 3.77. Its current Enterprise Value per Revenue stands at 8.785 whereas that against EBITDA is -8.89.
Stock Price History:
Over the past 52 weeks, AI has reached a high of $44.90, while it has fallen to a 52-week low of $20.23. The 50-Day Moving Average of the stock is -6.14%, while the 200-Day Moving Average is calculated to be -2.72%.
Shares Statistics:
Over the past 3-months, AI traded about 5.12M shares per day on average, while over the past 10 days, AI traded about 2944890 shares per day. A total of 120.21M shares are outstanding, with a floating share count of 108.92M. Insiders hold about 12.73% of the company’s shares, while institutions hold 40.41% stake in the company. Shares short for AI as of 1721001600 were 27150350 with a Short Ratio of 5.31, compared to 1718323200 on 29804441. Therefore, it implies a Short% of Shares Outstanding of 27150350 and a Short% of Float of 27.629998.
