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The closing price of C3.ai Inc (NYSE: AI) was $27.83 for the day, down -1.45% from the previous closing price of $28.24. In other words, the price has decreased by -$1.45 from its previous closing price. On the day, 2.37 million shares were traded. AI stock price reached its highest trading level at $28.5099 during the session, while it also had its lowest trading level at $27.76.
Ratios:
Our analysis of AI’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3473684992 and an Enterprise Value of 2782136832. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.18 while its Price-to-Book (P/B) ratio in mrq is 3.94. Its current Enterprise Value per Revenue stands at 8.958 whereas that against EBITDA is -9.065.
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 -0.53%, while the 200-Day Moving Average is calculated to be 2.18%.
Shares Statistics:
AI traded an average of 5.30M shares per day over the past three months and 3758256 shares per day over the past ten days. 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 39.68% stake in the company. Shares short for AI as of 1719532800 were 26920391 with a Short Ratio of 5.08, compared to 1717113600 on 30864558. Therefore, it implies a Short% of Shares Outstanding of 26920391 and a Short% of Float of 27.400000000000002.
