In yesterday’s Wall Street session, C3.ai Inc (NYSE:AI) shares traded at $41.68, up 2.86% from the previous session.
AI stock price is now 44.49% away from the 50-day moving average and 54.75% away from the 200-day moving average. The market capitalization of the company currently stands at $5.72B.
With the price target maintained at $35, Northland Capital recently Upgraded its rating from Market Perform to Outperform for C3.ai Inc (NYSE: AI). On November 21, 2023, Oppenheimer Upgraded its previous ‘Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $40, while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, Lath Hitesh, Officer bought 11,339 shares of the company’s stock on Dec 09 ’24. The stock was bought for $476,238 at an average price of $42.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Director WARD JR STEPHEN M bought 125,000 shares of the business’s stock. A total of $5,250,550 was incurred on buying the stock at an average price of $42.00. A total of 13.52% 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 $40.65. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 7.86, and a quick ratio of 7.86. The fifty day moving average price for AI is $28.4978 and a two-hundred day moving average price translates $26.8564 for the stock.
The latest earnings results from C3.ai Inc (NYSE: AI) was released for 2024-07-31. The net profit margin was -85.48% and return on equity was -30.78% 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.
