Why C3.ai Stock Crashed 11% on Thursday [Yahoo! Finance]
C3.ai, Inc. Class A (AI)
Last c3.ai, inc. class a earnings: 2/6 04:35 pm
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Source: Yahoo! Finance
ET this morning after KeyBanc analyst Eric Heath downgraded the stock from sector weight to underweight -- which is to say, from hold to sell. According to Heath, C3 shares that closed near $40 last night are actually worth closer to $29. Does C3 cost too much? Valuation is key to KeyBanc's downgrade today. As Heath points out, even adjusted for cash on hand, C3 stock costs a staggering 13.3 times annual sales, or nearly twice the average valuation of its artificial intelligence peers (7.3 times sales). Notably, Heath doesn't give a price-to-earnings valuation for C3 stock, valuing the stock strictly on its sales. And the reason for that is that C3 has no earnings on which to value it. Worse, C3 isn't expected to turn profitable anytime soon , according to most analysts who follow the stock. Valuation isn't his only concern, either. Heath also warns that consensus forecasts for C3's sales in fiscal 2026 and 2027 "may be too high considering subscription revenue growth exclud
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News
- Why C3.ai (AI) Shares Are Falling Today [Yahoo! Finance]Yahoo! Finance
- C3.ai, Inc. (NYSE: AI) was upgraded by analysts at DA Davidson to a "hold" rating.MarketBeat
- C3.ai, Inc. (NYSE: AI) was downgraded by analysts at KeyCorp from a "sector weight" rating to an "underweight" rating. They now have a $29.00 price target on the stock.MarketBeat
- https://seekingalpha.com/article/4745006-c3ai-stock-the-enterprise-ai-giant-of-tomorrow-unbelievably-cheap-today [Seeking Alpha]Seeking Alpha
- Why Are C3.ai (AI) Shares Soaring Today [Yahoo! Finance]Yahoo! Finance
AI
Earnings
- 12/9/24 - Beat
AI
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 144
- AI's page on the SEC website