C3. ai, Inc. operates as an enterprise artificial intelligence (AI) software company. The company provides software-as-a-service applications for enterprises.
C3ai stock last closed at $29.67, up 2.28% from the previous day, and has increased 139.66% in one year. It has overperformed other stocks in the Software - Application industry by 1.17 percentage points. C3ai stock is currently +192.03% from its 52-week low of $10.16, and -39.29% from its 52-week high of $48.87.
There are currently 118.2M AI shares outstanding. The market capitalization of AI is $3.51B. In the last 24 hours, 7.63M AI shares were traded.
How to Buy C3ai Stock
Wondering how to invest in C3ai stock? Here's how.
Decide where to buy C3ai stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy C3ai stock.
Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
Deposit money your investment account: Pick your method of payment and add your info.
Research C3ai stock: The C3ai ticker symbol is AI. Is C3ai stock a good investment? Should you buy shares of AI? How do AI's underlying business fundamentals look? Do top analysts think C3ai is a good buy? Why has AI's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if AI is a good stock to buy).
Place your AI purchase: Decide if you will purchase AI shares at the current market price or use a limit order to purchase AI shares at a specific price.
Get the latest scoop on your AI investment: Create a watchlist to get the latest news on your investment in C3ai stock.
Step 1: Decide where to buy C3ai stock
You will need a brokerage account in order to access the NYSE market and buy AI stock.
A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.
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Step 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you can buy AI stock today.
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Step 4: Research C3ai stock
After you have selected the best place to buy C3ai stock, it's important to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
C3ai Metrics
AI Price
$29.67
1w %
4.07%
1y %
139.66%
5y %
N/A
P/E
-12.68x
P/B
3.76x
P/S
12.53x
PEG
N/A
Revenue
$273.85M
Earnings
-$261.33M
Fore. Rev. Growth
17.34%
Fore. Earn. Growth
N/A
Market Cap
$3.51B
Next Earnings
Dec 5, 2023
Next Dividend
N/A
C3ai Fundamentals
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on AI's stock page.
Is AI stock overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge AI's fair value.
Using relative valuations metrics:
AI may be undervalued based on its P/B ratio of 3.76x, relative to Software - Application industry P/B ratio of 6.03x
You can do additional valuation research on AI's stock here.
AI Financial Overview
Passed Health Checks:
AI has cash burn of 141317000. It has sufficient cash and short-term investments to cover this for at least one year.
There are more short-term assets than short-term liabilities on the AI balance sheet.
There are more short-term assets than long-term liabilities on the AI balance sheet.
AI has a low debt to equity ratio of 0.17.
AI has $750.88M in cash and short term investments. This is enough to cover its annual cash burn of $141.32M.
Failed Health Checks:
AI profit margin has gone down from -85.3% to -95.4% in the past year.
Do analysts think it's a good time to buy C3ai stock
Out of 9 sell side analysts who research AI, the consensus analyst rating on AI is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Most Recent AI Analyst Upgrades/Downgrades
Brad Sills, a top 3% analyst from Bank of America maintains AI with a sell rating and raises their AI price target from $16.00 to $18.00, on Jun 1, 2023.
Sanjit Singh, a bottom 8% analyst from Morgan Stanley maintains AI with a strong sell rating and raises their AI price target from $12.00 to $20.00, on Jun 1, 2023.
Maintaining his Strong Sell rating, Singh raised his price target on C3.ai, Inc. by 66.7% following the release of the company's Q4 and FY 2023 earnings report on 2023/05/31.
"The transition to consumption plus growing interest in generative AI is shortening sales cycles and enlarging C3.ai's opportunity pipeline," the analyst offered by way of overview.
However, Singh cautioned investors that "the shares look expensive unless a more material acceleration - which we don't see quite yet - becomes visible."
C3.ai reported:
For Q4 2023:
Loss per share of $0.13, which beat the consensus estimate of $(0.17) and, by 38.1%, Q4 2022's $(0.21).
Revenue of $72.4M, which beat the consensus estimate of $71.29M and was in line with Q4 2022's $72.3M.
Subscription revenue of $56.9M, representing 79% of revenue.
Gross profit of $53.9M.
Gross margin of 74%.
Remaining Performance Obligations (RPOs) of $381.4M.
Current RPOs of $186.3M.
Free Cash Flow of $16.3M.
For FY 2023:
Loss per share of $0.42, up 42.5% from FY 2022's $(0.73).
Revenue of $266.8M, up 5.5% from FY 2022's $252.8M.
Management guided:
For Q1 2024:
Revenue of $70M to $72.5M.
Loss from operations of $(25M) to $(30M).
For FY 2024:
Revenue of $295M to $320M.
Loss from operations of $(50M) to $(75M).
CEO Thomas M. Siebel commented: “As we began the new fiscal, the company has never been better positioned.
“I believe we now have a broad consensus that the addressable market for Enterprise AI is extraordinarily large and rapidly growing and the C3 AI Platform is increasingly recognized as the gold standard in enterprise AI.
"Further:
"We have over 40 production enterprise AI applications that offer the market rapid time to value.
"Our C3 Generative AI offerings are being enthusiastically received.
"Our growing market-partner ecosystem provides us extraordinary reach.
"Armed with $812M in cash, we are well positioned to accelerate growth, gain market share, attain sustainable non-GAAP profitability, and establish a market-leading position globally in enterprise AI.”
David Hynes, a top 9% analyst from Canaccord Genuity maintains AI with a hold rating and raises their AI price target from $21.00 to $27.00, on Jun 1, 2023.
Gil Luria, a top 14% analyst from DA Davidson downgrades AI to a hold rating and announces their AI price target of $30.00, on Jun 1, 2023.
You can dig deeper into what analysts are forecasting on the C3ai stock forecast page.
AI Trading Indicators
SMA10
29.15
SMA20
28.15
SMA50
26.26
SMA100
30.2
SMA200
28.68
MACD
0.9
MACD Signal
0.75
MACD Histogram
0.15
RSI
62.15
Stochastic %K
64.29
Stochastic %D
58
StochRSI %K
75.19
StochRSI %D
63.42
Is AI Growing Revenue?
Last year, AI revenue was $273.85M. Over the past 2 year, AI's revenue has grown by 18.46% per year. This was slower than the Software - Application industry average of 32.46%.
No, C3ai doesn't provide an income stream by paying out dividends.
What do other traders have to say about AI?
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Step 5: Place your AI purchase
You have two primary order types:
Market order: A market order is an order to buy or sell a stock at the best price on the market. Market orders are usually fine.
Limit order: A limit order is an order to buy or sell a security at a specific price (or better). If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.
Click the Open button and eToro will execute the order.
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As of Nov 28, 2023, it costs $29.67 to buy one share of C3ai stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.337 shares of AI.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.