Are you keen on exploring the world of AI stocks? If so, this article is tailored for you. In this comprehensive guide, we’ll delve into C3.ai (NYSE: AI), an American enterprise artificial intelligence (AI) software provider that’s revolutionizing digital transformation.
Unveiling C3.ai
C3.ai (NYSE: AI) is a cutting-edge AI software that equips businesses with the C3 AI suite, empowering them to create, implement, and harness large-scale AI, predictive analytics, and IoT applications.
The Power of C3.ai
C3.ai boasts a model-driven artificial intelligence architecture that elevates application enhancement and data science to new heights. It’s a trailblazer, offering more than 40 turnkey AI applications meticulously designed to meet the diverse needs of global enterprises across various industries.
Meet the Visionary Behind C3.ai
This innovative company was founded in 2009 by none other than Thomas M. Siebel. Mr. Siebel serves as the founder, chairman, and CEO of C3.ai, leading it into a new era of technological excellence.
Decoding the ‘C3’ in C3.ai
Ever wondered what the ‘C’ in C3.ai stands for? It signifies ‘carbon,’ while the ‘3’ references ‘measure, mitigate, and monetize.’ C3.ai’s core mission is to aid in managing corporate carbon footprints effectively.
Is C3.ai Stock a Wise Investment?
As of now, investing in C3.ai may not be the most prudent choice, primarily due to sluggish revenue growth in the past year. Recent developments in C3.ai stock include a 26% decline in August 2023 and a 7.8% dip after the latest quarterly results.
Analysts are maintaining a “HOLD” rating for C3.ai, with a 12-month price target lower than its current market price:
- Price Target: $28.36
- Current Price: $31.45
Opinions on C3.ai’s valuation vary; some analysts see strong value, while others believe it’s overvalued.
How to Acquire C3.ai Stock
Purchasing C3.ai stock is straightforward, as it’s publicly traded. Here’s a step-by-step guide on acquiring C3.ai stocks through eToro, a user-friendly platform:
- Download the eToro App: Begin by downloading the eToro app or visit their website here.
- Account Creation: Sign up for an eToro account. You can opt for a demo account if you’d like to practice before investing real money.
- Explore Available Assets: eToro provides access to various markets; explore and choose the one that aligns with your investment goals.
- Funding Your Account: Deposit funds into your eToro account. The minimum deposit typically ranges from $200 to $500, depending on your preferences. Multiple deposit methods, including credit cards, debit cards, and Visa credit cards, are available.
- Purchase the Stock: Locate the C3.ai stock on eToro and invest according to the current market conditions. Create a watchlist to stay updated on your stock’s performance.
C3.ai Stock Price Today
As of September 7, 2023, C3.ai is trading at $27.61 per share, with a total of 118,201,764 shares in circulation. You can track C3.ai’s price fluctuations over time [here](insert link).
The Latest News on C3.ai Stock
Stay informed about C3.ai’s financial performance with these recent updates:
- Fiscal Q1 2024 Financial Results: C3.ai announced its fiscal first quarter results, ending on July 31, 2023. Highlights include:
- Total Revenue: $72.4 million
- Subscription Revenue: $61.4 million (85% of total revenue)
- Gross Profit: $40.5 million (56% gross margin)
- Current RPO: $170.6 million
- Net Loss Per Share: GAAP net loss per share at $0.56, Non-GAAP net loss per share at $0.09.
- Weekly Stock Performance: C3.ai shares saw a 12.1% decrease in the past week, according to S&P Global Market Intelligence.
- August 2023 Performance: In August 2023, C3.ai shares declined by 26.1%, as reported by S&P Global Market Intelligence.
Why Did C3.ai Stock Decline?
C3.ai stock faced a setback when the company withdrew its guidance to achieve adjusted positive earnings by the end of 2024. The company’s financial report for the last quarter revealed a larger full-year loss than previously anticipated. Furthermore, the company rescinded its forecast to reach NON-GAAP profitability by the end of 2024.
C3.ai Stock Price Prediction for 2025
Analysts offer diverse predictions for C3.ai’s stock price in 2025. While some anticipate it reaching a remarkable $100 per share, others are more conservative, estimating it to be around $32.5 or within the $40 to $50 range. C3.ai’s recent partnership with Alphabet’s Google Cloud provides a glimmer of hope in these challenging times, but stock prices depend on various factors, including company performance and market dynamics.
Frequently Asked Questions (FAQs) About C3.ai and Investing in C3.ai Stock
1. What is C3.ai, and what does it do?
- C3.ai is an American enterprise artificial intelligence (AI) software provider. It offers the C3 AI suite, which allows businesses to develop and use large-scale AI, predictive analytics, and IoT applications.
2. Who is the founder of C3.ai?
- C3.ai was founded by Thomas M. Siebel in 2009. He also serves as the company’s chairman and CEO.
3. What is the significance of the ‘C’ and ‘3’ in C3.ai’s name?
- The ‘C’ stands for ‘carbon,’ and the ‘3’ represents ‘measure, mitigate, and monetize.’ C3.ai’s main goal is to assist in managing corporate carbon footprints.
4. Is C3.ai stock a good investment right now?
- Currently, C3.ai stock may not be considered a strong investment due to factors like sluggish revenue growth. Analyst opinions on its valuation vary.
5. How can I buy C3.ai stock?
- You can purchase C3.ai stock through publicly available platforms like eToro. Our guide in the article provides step-by-step instructions.
6. What is the current price of C3.ai stock?
- As of September 7, 2023, C3.ai stock is trading at $27.61 per share.
7. Where can I track C3.ai stock price over time?
- You can monitor C3.ai stock price fluctuations over time through the provided link in the article.
8. What are some recent developments in C3.ai stock?
- Recent updates include C3.ai’s fiscal Q1 2024 financial results, weekly stock performance, and performance in August 2023, as detailed in the article.
9. Why did C3.ai stock decline recently?
- C3.ai stock faced a decline due to the company withdrawing its guidance for achieving adjusted positive earnings by the end of 2024. More details are available in the article.
10. What are the stock price predictions for C3.ai in 2025?
- Analysts offer varying predictions, with some estimating a price of $100 per share while others suggest more conservative figures. The actual stock price will depend on various factors, as explained in the article.
In conclusion, C3.ai presents an intriguing investment opportunity, but potential investors should carefully weigh the risks and benefits in light of the company’s recent performance and market trends.