C3.ai Inc (NYSE: AI)’s stock price has gone decline by -0.76 in comparison to its previous close of 25.16, however, the company has experienced a -5.42% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-08 that It isn’t just beloved NVIDIA enjoying the artificial intelligence (AI) tailwinds, as these three companies have also seen the same. Unsurprisingly, analysts have raised their earning expectations for each.
Is It Worth Investing in C3.ai Inc (NYSE: AI) Right Now?
AI has 36-month beta value of 1.70. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for AI is 104.62M, and currently, short sellers hold a 30.14% ratio of that float. The average trading volume of AI on April 09, 2024 was 7.75M shares.
AI’s Market Performance
The stock of C3.ai Inc (AI) has seen a -5.42% decrease in the past week, with a -21.40% drop in the past month, and a -8.40% fall in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 3.98% for AI. The simple moving average for the past 20 days is -10.90% for AI’s stock, with a -16.21% simple moving average for the past 200 days.
Analysts’ Opinion of AI
Many brokerage firms have already submitted their reports for AI stocks, with Oppenheimer repeating the rating for AI by listing it as a “Outperform.” The predicted price for AI in the upcoming period, according to Oppenheimer is $40 based on the research report published on November 21, 2023 of the previous year 2023.
Northland Capital, on the other hand, stated in their research note that they expect to see AI reach a price target of $40. The rating they have provided for AI stocks is “Market Perform” according to the report published on July 25th, 2023.
AI Trading at -11.67% from the 50-Day Moving Average
After a stumble in the market that brought AI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.91% of loss for the given period.
Volatility was left at 3.98%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares sank -21.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.83% lower at present.
During the last 5 trading sessions, AI fell by -5.42%, which changed the moving average for the period of 200-days by -36.04% in comparison to the 20-day moving average, which settled at $27.69. In addition, C3.ai Inc saw -13.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AI starting from Parkkinen Juho, who sale 407 shares at the price of $28.80 back on Dec 26 ’23. After this action, Parkkinen Juho now owns 295,815 shares of C3.ai Inc, valued at $11,722 using the latest closing price.
Parkkinen Juho, the SVP & Chief Financial Officer of C3.ai Inc, sale 685 shares at $32.16 during a trade that took place back on Dec 20 ’23, which means that Parkkinen Juho is holding 296,222 shares at $22,030 based on the most recent closing price.
Stock Fundamentals for AI
Current profitability levels for the company are sitting at:
- -1.04 for the present operating margin
- 0.59 for the gross margin
The net margin for C3.ai Inc stands at -0.92. The total capital return value is set at -0.32. Equity return is now at value -29.45, with -25.17 for asset returns.
Based on C3.ai Inc (AI), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -19.3. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 36.33.
Currently, EBITDA for the company is -284.4 million with net debt to EBITDA at 0.37. When we switch over and look at the enterprise to sales, we see a ratio of 9.62. The receivables turnover for the company is 1.71for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.48.
Conclusion
To put it simply, C3.ai Inc (AI) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
