Is C3.ai Inc (AI) Stock Paving the Way for Earnings?

Oppenheimer raised the price target for the C3.ai Inc (NYSE:AI) stock from “a Perform” to “an Outperform”. The rating was released on November 21, 2023, according to finviz. The stock was upgraded by Wedbush, who disclosed in a research note on June 01, 2023, from Neutral to Outperform and set the price objective to $50. In their research brief published June 01, 2023, DA Davidson analysts downgraded the C3.ai Inc stock from Buy to Neutral with a price target of $30.

Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.13 during the last quarter as opposed to a consensus estimate of -$0.28, which indicates the company beat its estimate by $0.15, which implies that the company surprised the market by 53.60%. It appears that the average earnings per share estimate for the current quarter (ending in Apr 2024) is -$0.3. This is an average of 14 analysts’ earnings, where the high earnings per share estimate is -$0.27 and the low earnings per share estimate is -$0.34. According to 13 analyst estimates, an average revenue estimate of $84.39M is projected for the current quarter with a high revenue estimate of $85.9M and a low estimate of $84M.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated -4.62% within the last five trades and -8.82% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.85% in the last 6 months and -9.92% was subtracted to its value over the previous 3 months. AI stock is trading at a margin of -10.98%, -4.02% and -10.70% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, AI deals in the Technology domain. The stock is trading -44.61 percent below its 52-week high and 61.23 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -27.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does C3.ai Inc’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at -104.36 percent and the profit margin is -91.67 percent, and the company has reported a gross margin of 58.86 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $3.30 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 11.15 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.68, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 14.28 percent of C3.ai Inc shares are owned by insiders, and 42.44 percent are held by financial institutions. Parkkinen Juho, the SVP & Chief Financial Officer at C3.ai Inc (AI) has sold 407 shares of firm on Dec 26 ’23 at a price of $28.80 against the total amount of $11722.0. In another inside trade, Parkkinen Juho, SVP & Chief Financial Officer of C3.ai Inc (NYSE:AI) sold 685 shares of the firm on Dec 20 ’23 for a total worth of $22030.0 at a price of $32.16. An inside trade which took place on Dec 18 ’23, Chief Technology Officer of C3.ai Inc ABBO EDWARD Y sold 45,548 shares of firm against total price of $1.4 million at the cost of $30.73 per share.

Most Popular

Related Posts