C3.ai IPO Price: Why C3.ai Stock Just Dropped 8.5%

C3.ai IPO Price: Why C3.ai Stock Just Dropped 8.5%

Artificial intelligence stock shares C3.ai (NYSE:AI) fell 8.5% by 10:40 a.m. EDT Thursday following the analyst’s forecast on revenue last night for the first-quarter of 2022 — but a poor loss in income.

The Wall Street projected C3.ai’s sales of 51.2 million dollars in Q1 would lose 0.28 dollars per share. The company lost 52,4 million dollars in sales of 0,37 dollars per share.

C3.ai

C3.ai, Inc. (AI)

NYSE – Nasdaq Real Time Price. Currency in USD

47.86-5.25 (-9.89%)

As of 1:01PM EDT. Market open.
Previous Close 53.11
Open 48.40
Bid 48.12 x 800
Ask 48.17 x 800
Day’s Range 47.02 – 49.50
52 Week Range 44.35 – 183.90
Volume 7,442,144
Avg. Volume 3,216,847

 

Market Cap 4.987B
Beta (5Y Monthly) N/A
PE Ratio (TTM) N/A
EPS (TTM) -0.99
Earnings Date Sep 01, 2021
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 97.40

Because an enterprise does not make money, the stock does not decrease. For example, for years before success with new treatments or discoveries of mineral, biotech and mining exploration companies often lose their money. But, although the accomplishments are well-known, investors cannot ignore the many unrentable companies that simply burn their cash and collapse.

Should the shareholders of C3.ai (NYSE:AI) worry about their cash burn then? We will determine cash burn for the purposes of this article, as the sum the company spends every year to finance its growth (also called its negative free cash flow). Let’s start by examining the cash of the company in respect of its cash burn.