3 Green Flags for C3.ai's Future
C3.ai (NYSE: AI) was one of the hottest tech stocks of 2020. The enterprise AI software company went public at $42 a share that December, and it opened at $100 before hitting an all-time high of $177.47 later that month.
Today C3.ai's stock trades below $20 a share for three simple reasons. First, its valuations had reached unsustainable levels. At its peak, it was valued at $17 billion -- or 93 times the revenue it would actually generate in fiscal 2021 (which ended last April). That frothy price-to-sales ratio made it an easy target for the bears as rising interest rates crushed the market's pricier growth stocks.
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Source Fool.com
