C3.ai Stock Set to Break Six-Day Winning Streak
December 17, 2023
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C3.ai Inc ($NYSE:AI). is a leading provider of enterprise artificial intelligence (AI) software. The company’s products and services provide users with the ability to develop, deploy, and operate AI applications. C3.ai stock has been enjoying a six-day winning streak, but it appears that the streak is coming to an end. The stock has started to slip, and it looks like this trend could continue in the coming days. C3.ai has been a leader in the AI software industry, providing powerful tools to help organizations develop, deploy, and operate AI applications. The company has a suite of tools that enable users to quickly create AI applications and integrate them into their existing systems and workflows. Additionally, its products are used extensively by organizations in various industries, including healthcare, financial services, manufacturing, and more. The company has been on a roll lately, with its stock gaining steadily over the past six days.
However, this trend appears to be ending as the stock has started to slip in the past few hours. It remains to be seen how long this downswing will last, but investors should be prepared for the possibility of further losses in the coming days.
Stock Price
On Thursday, C3.AI INC stock opened at $30.7 but closed at $29.1, down by 3.6% from the previous closing price of 30.2. This marks the end of a six-day streak of positive stock performance for the company. Although C3.AI INC managed to post gains in the last week, it has not been able to sustain the momentum and will likely struggle in the coming days. Despite this setback, investors remain optimistic about the company’s prospects as it continues to lead the way in the development of AI-driven enterprise software solutions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for C3.ai Inc. More…
| Total Revenues | Net Income | Net Margin |
| 284.67 | -262.26 | -92.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for C3.ai Inc. More…
| Operations | Investing | Financing |
| -69.5 | -67.28 | 7.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for C3.ai Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 159.84 | 7.71 |
Key Ratios Snapshot
Some of the financial key ratios for C3.ai Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | – | -105.0% |
| FCF Margin | ROE | ROA |
| -42.0% | -20.3% | -17.4% |
Analysis
As GoodWhale, we analyzed C3.AI INC‘s financials and the Star Chart gave the company an intermediate health score of 6/10. We concluded that C3.AI INC has the potential to sustain future operations and is classified as a ‘rhino’ type of company – one that has achieved moderate revenue and earnings growth. From an investment perspective, investors may be interested in C3.AI INC due to its strong assets and growth potential, although its weak dividend and profitability may be concerning. It is also worth noting that the company’s intermediate health score indicates it may be vulnerable to times of crisis. More…
Peers
The company was founded in 2009 by Tom Siebel, a veteran of the software industry. C3.ai’s primary competitors are Microsoft Corp, Salesforce Inc, and Palantir Technologies Inc.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market cap of $1.73 trillion as of 2022. It specializes in developing and manufacturing consumer electronics, computer software, and personal computers. The company’s Return on Equity (ROE) is 31.9%. Microsoft has been one of the world’s largest companies by market cap since the early 1990s.
– Salesforce Inc ($NYSE:CRM)
Salesforce is a cloud-based customer relationship management platform. The company’s market cap is $162.59 billion as of 2022, and its return on equity is 0.08%. Salesforce was founded in 1999 and is headquartered in San Francisco, California. The company provides customer relationship management (CRM) software to businesses of all sizes.
– Palantir Technologies Inc ($NYSE:PLTR)
Palantir Technologies Inc is a data mining and analytics company that provides software to help organizations make better decisions. The company has a market cap of 18.14B as of 2022 and a return on equity of -13.19%. Palantir’s software is used by a variety of organizations, including the US government, law enforcement, and private companies. The company has come under scrutiny for its role in helping the US government track and target terrorists.
Summary
C3.AI INC is a leading artificial intelligence (AI) and enterprise cloud computing software company. Investors have seen positive growth with the stock, as it has been on a six-day winning streak before dropping on the same day. Analysts suggest that AI technology is set to become increasingly important in the future, and C3.AI may be well-positioned to benefit from this trend. Given the potential for strong returns and the company’s forward-thinking approach to leveraging new technology, investors may want to consider C3.AI as a potential investment.
However, they should take into account the risks of investing in a young company, evaluate C3.AI’s current financials and competitive landscape, and make an informed decision based on their research and investment objectives.
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