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Tuesday, December 5, 2023

Is C3.ai Inc (NYSE: AI) No Longer A Good Investment?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for C3.ai Inc (AI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.11, or -0.40%, to $27.54. The C3.ai Inc has recorded 145,493 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that C3 AI and Shell Expand Collaboration for Asset Monitoring and Predictive Maintenance.

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Stocks Info

As a NYSE listed company, AI falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $27.65 and fluctuated between $28.38 as its day high and $26.81 as its day low. The current market capitalization of C3.ai Inc is $3.27B. A total of 5.69 million shares were traded on the day, compared to an average of 8.72M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, AI has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 83,073 and the disposition of 50,795 shares. Over the last 12 months, there were 27 BUYs and 46 SELLs from insiders. Insiders purchased 2,001,672 shares during that period but sold 1,442,898.

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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for AI in the last 3 months, the mean price target is $26.09 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $7.91, while its Total Shareholder’s Equity was $989.48M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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