As we approach December 7, 2023, it is intriguing to observe the diverse range of target prices assigned to C3.ai (AI) by various analysts. One such analyst, Kingsley Crane from Canaccord Genuity, has recently reaffirmed a Hold rating on C3.ai, while setting a price target of $27. However, it is worth noting that other analysts have put forth contrasting price targets for the company. Among them, Oppenheimer stands out with their highest target of $40. In light of these differing opinions, it becomes imperative for investors to carefully consider multiple analyst perspectives and engage in thorough research before making any investment decisions.
Updated on: 01/03/2024
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Sell
ROE: Strong Sell
1:00 AM (UTC)
Date:01 February, 2024
|Analyst / firm
AI Stock Performance: Mixed Picture for Investors in December 2023
On December 7, 2023, the stock performance of AI showcased a mixed picture for investors. AI is currently trading in the middle of its 52-week range, indicating relative stability. However, it is trading below its 200-day simple moving average, which may indicate a bearish sentiment. AI shares experienced a significant decrease of $3.14 since the market last closed, representing a 10.77% drop in value. There was a slight recovery in after-hours trading, but investors should closely monitor the stock’s performance in the coming days. It is crucial to consider other factors and consult with a financial advisor before making any investment decisions.
AI Stock Performances: Revenue Increases, but Net Income and EPS Decrease
AI Stock Performances on December 7, 2023
According to data from CNN Money, the AI company‘s total revenue for the past year stood at $266.80 million, with a quarterly revenue of $73.23 million in Q2. The total revenue has increased by 5.55% since last year. However, the revenue has remained flat since the previous quarter.
In terms of net income, the AI company reported a loss of -$268.84 million for the past year, with a quarterly net loss of -$69.78 million in Q2. This represents a decrease of 39.97% in net income since last year. Additionally, the net income decreased by 8.42% since the previous quarter.
The earnings per share (EPS) for the AI company stood at -$2.45 for the past year, with a quarterly EPS of -$0.59 in Q2. This represents a decrease of 35.35% in EPS since last year. Moreover, the EPS decreased by 5.72% since the previous quarter.
Analyzing the provided data, it is evident that the AI company has experienced some financial setbacks. While the total revenue has shown a slight increase since last year, it has remained stagnant in the most recent quarter. Furthermore, the net income and EPS have both decreased significantly since last year.
Investors and analysts closely monitor such financial indicators to assess the health and potential of AI companies. It is important to note that stock performance is influenced by various factors, including market conditions, competition, and technological advancements. Therefore, additional research into the company’s overall strategy, partnerships, and market outlook would be necessary to gain a comprehensive understanding of its stock performance.
As the AI industry continues to evolve rapidly, investors should exercise caution and conduct thorough due diligence before making any investment decisions. While the provided financial data offers valuable insights, it is crucial to consider a broader range of information to form a well-informed opinion on the company’s stock performance and future prospects.