Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate C3.ai Inc before investing.

In this article, we go over a few key elements for understanding C3.ai Inc’s stock price such as:

• C3.ai Inc’s current stock price and volume
• Why C3.ai Inc’s stock price changed recently
• Upgrades and downgrades for AI from analysts
• AI’s stock price momentum as measured by its relative strength

About C3.ai Inc (AI)

Before we jump into C3.ai Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

C3.ai, Inc. is an enterprise artificial intelligence (AI) application software company. The Company has built a solution that enables its customers to rapidly develop, deploy, and operate enterprise AI applications. It offers families of software solutions, which it collectively refers to as its C3 AI software: The C3 AI Platform, C3 AI Applications, and C3 Generative AI. The C3 AI Platform, its core technology, is a comprehensive, end-to-end application development and runtime environment that is designed to allow its customers to rapidly design, develop, and deploy Enterprise AI applications of any type. Its C3 AI Applications, built using the C3 AI Platform, is a portfolio of pre-built, extensible, industry-specific, and application-specific software-as-a-service offerings (SaaS) Enterprise AI applications that can be rapidly installed and deployed. Its C3 Generative AI combines the utility of large language models, generative AI, reinforcement learning, natural language processing.

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C3.ai Inc’s Stock Price as of Market Close

As of August 20, 2024, 4:00 PM, CST, C3.ai Inc’s stock price was $24.59.

C3.ai Inc is down 4.02% from its previous closing price of $25.62.

During the last market session, C3.ai Inc’s stock traded between $25.38 and $25.80. Currently, there are 122.67 million shares of C3.ai Inc stock available for purchase.

Unfortunately, C3.ai Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

C3.ai Inc Stock Price History

C3.ai Inc’s (AI) price is currently down 8.07% so far this month.

During the month of August, C3.ai Inc’s stock price has reached a high of $26.93 and a low of $21.00.

Over the last year, C3.ai Inc has hit prices as high as $38.30 and as low as $20.23. Year to date, C3.ai Inc’s stock is up 119.75%.

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What Caused C3.ai Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 19, 2024, there were 2 analysts who downgraded C3.ai Inc’s stock and 6 analysts who upgraded over the last month.

Additionally, you'll want to evaluate C3.ai Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on C3.ai Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

C3.ai Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about C3.ai Inc (AI) by visiting AAII Stock Evaluator.

Relative Price Strength of C3.ai Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 19, 2024, C3.ai Inc has a weighted four-quarter relative price strength of -9.71%, which translates to a Momentum Score of 34 and is considered to be Weak.

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C3.ai Inc Stock Price: Bottom Line

As of August 20, 2024, C3.ai Inc’s stock price is $24.59, which is down 4.02% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like C3.ai Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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