C3.ai Inc (NYSE:AI) shares traded -0.19% lower at $42.86 on Wall Street last session.
AI stock price is now 38.72% away from the 50-day moving average and 57.73% away from the 200-day moving average. The market capitalization of the company currently stands at $5.53B.
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With the price target maintained at $28, JP Morgan recently Downgraded its rating from Neutral to Underweight for C3.ai Inc (NYSE: AI). On May 30, 2024, Northland Capital Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $35, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Lath Hitesh, CHIEF FINANCIAL OFFICER sold 3,949 shares of the company’s stock on Dec 17 ’24. The stock was sold for $167,280 at an average price of $42.36. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 851 shares in the company, valued at $36473.86. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Director Snabe Jim H. bought 499,700 shares of the business’s stock. A total of $21,513,687 was incurred on buying the stock at an average price of $43.05. A total of 13.24% 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 $30.5216 and a two-hundred day moving average price translates $27.1292 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.
