Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

3 Green Flags for C3.ai's Future

TheMotleyFool

0 0

3 Green Flags for C3.ai's Future: https://g.foolcdn.com/editorial/images/691759/android-head-shattering.jpg

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.

Image source: Getty Images.

Source Fool.com

Like: 0

Share