C3.ai has gained a solid 179% jump in this year’s first quarter. If you are thinking of buying this AI stock here’s the performance report to help you make a decision.
The C3.AI’s revenue was 79% of sales approx $56.9 million this April. $16.3 million free cash flow from business operations during the quarter. C3.AI had sales of over $266.8 million this is a jump from the earlier sale of $264 million in the fiscal year that ended on April 30.
The share broke out of a merger on March 31 but then pulled back and glided below 50-days average moving in April. Now the stock is 33% leading in comparison to the most recent earnings reports that were held on May 30.
C3.Ai stock broke out past a 34.68 buy point on that move. Since then the stock has fallen below its 50-days moving average in early August. At the end of the fiscal first quarter that ended in July, FactSet (Businesses Data and Analysts) reports sales of $71.6 million, a growth of approximately 9.6% from the previous year.
However, there is a loss in the quarter, 17 cents per share which is high in comparison to the previous year’s loss of 12 cents per share.
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