In yesterday’s Wall Street session, C3.ai Inc (NYSE:AI) shares traded at $37.32, up 4.51% from the previous session.
AI stock price is now 16.12% away from the 50-day moving average and 36.56% away from the 200-day moving average. The market capitalization of the company currently stands at $4.82B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $29, KeyBanc Capital Markets recently Downgraded its rating from Sector Weight to Underweight for C3.ai Inc (NYSE: AI). On December 11, 2024, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock keeping its target price maintained at $28, while ‘Northland Capital’ rates the stock as ‘Outperform’
In other news, Snabe Jim H., Director sold 499,700 shares of the company’s stock on Dec 17 ’24. The stock was sold for $21,512,085 at an average price of $43.05. Upon completion of the transaction, the Director now directly owns 10,000 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, CHIEF FINANCIAL OFFICER Lath Hitesh sold 3,949 shares of the business’s stock. A total of $167,280 was realized by selling the stock at an average price of $42.36. This leaves the insider owning 851 shares of the company worth $31759.32. A total of 13.37% of the company’s stock is owned by insiders.
During the past 12 months, C3.ai Inc has had a low of $18.85 and a high of $45.08. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 7.52, and a quick ratio of 7.52. The fifty day moving average price for AI is $31.9178 and a two-hundred day moving average price translates $27.2961 for the stock.
The latest earnings results from C3.ai Inc (NYSE: AI) was released for 2024-07-31. The net profit margin was -79.17% and return on equity was -31.00% for AI. The company reported revenue of $87.21 million for the quarter, compared to $72.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.52 percent.
