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Wednesday, September 27, 2023

C3.ai Inc. (AI) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for C3.ai Inc. (AI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.22%, to $27.83. The C3.ai Inc. has recorded 137,339 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that C3 AI Announces Fiscal First Quarter 2024 Financial Results.

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Stocks Info

C3.ai Inc. is listed on the NYSE in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $27.77 and fluctuated between $28.33 as its day high and $27.30 as its day low. The current market capitalization of C3.ai Inc. is $3.23B. A total of 7.27 million shares were traded on the day, compared to an average of 20.47M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, AI has seen 14 BUY and 16 SELL insider trades, representing the acquisition of 1,082,015 and the disposition of 689,187 shares. Over the last 12 months, there were 33 BUYs and 57 SELLs from insiders. Insiders purchased 2,348,648 shares during that period but sold 1,742,714.

In the most recent transaction, LEVIN RICHARD C sold 12,000 shares of AI for 42.00 per share on Jul 31. After the transaction, the Director now owns 161,664 company shares. In a previous transaction on Jul 07, LEVIN RICHARD C sold 12,000 shares at 42.02 per share. AI shares that Director owns now total 173,664.

Among the insiders who sold shares, Parkkinen Juho disposed of 4,220 shares on Jun 29 at a per-share price of $36.12. This resulted in the SVP & Chief Financial Officer holding 314,353 shares of AI after the transaction. In another insider transaction, ABBO EDWARD Y sold 457,585 shares at $32.96 per share on Jun 27. Company shares held by the Chief Technology Officer now total 650,777.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. AI’s most recent ex-dividend date was 12/30/2019 when it declared a $0.2250 quarterly dividend that was paid in cash on 2/3/2020. Previously, the company paid the dividend on 10/31/2019 with an ex-dividend date of 9/27/2019. The AI stock dividend was $0.2250 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for AI in the last 3 months, the mean price target is $26.70 with high estimates of $42.00 and low estimates of $14.00. In terms of 52-week highs and lows, AI has a high of $48.87 and a low of $10.16.

As of this writing, AI has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.23. The company reported an EPS of -$0.13 in the last quarter, which was 23.50% higher than expectations of -$0.17.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. AI’s latest balance sheet shows that the firm has $960.16M in Cash & Short Term Investments as of fiscal 2022. There were $3.61M in debt and $150.17M in liabilities at the time. Its Book Value Per Share was $8.06, while its Total Shareholder’s Equity was $989.48M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AI is Buy with a score of 2.86.

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