Is C3.ai Stock a Buy Now?
C3.ai's (NYSE: AI) stock sank to an all-time low on Dec. 2 after the artificial intelligence (AI) software company posted its second-quarter results. C3.ai's revenue rose 41% year-over-year to $58.3 million, which beat estimates by $1.4 million. Its adjusted net loss widened from $9.7 million to $23.6 million, or $0.23 per share, but still, beat expectations by six cents.
Those headlines numbers look decent, so why is C3.ai still trading nearly 30% below its IPO price and more than 80% below its all-time high? Let's review C3.ai's business, growth rates, and valuations to see if it's worth buying.
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Source Fool.com
