Stocks of C3.ai Inc (NYSE:AI) traded higher last session on Wall Street, up 2.69% to $31.73.
AI stock price is now -7.19% away from the 50-day moving average and 14.65% away from the 200-day moving average. The market capitalization of the company currently stands at $4.10B.
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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, Thomas M. Siebel, Officer and Director bought 1,956,636 shares of the company’s stock on Jan 14 ’25. The stock was bought for $61,047,043 at an average price of $31.20. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, CHIEF FINANCIAL OFFICER Lath Hitesh sold 601 shares of the business’s stock. A total of $21,035 was realized by selling the stock at an average price of $35.00. This leaves the insider owning 250 shares of the company worth $7932.5. A total of 13.18% 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 $34.0474 and a two-hundred day moving average price translates $27.6528 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.
