Artificial Intelligence and Air Transport: C3.ai
C3.ai
stocks lost nearly 90% of their peak prices of 2021. The large AI software provider’s stock prices are now less
than 50% of the IPO price. It seems that the time for buying C3.ai stocks for
long-term investments has now arrived. For the fiscal Q4 2022 that ended April
30 revenues rose by 38% year-on-year to $72.3 million, while the number of
clients increased by 48% to 223. The company has reached agreements with large
corporates like PwC, Ernst & Young, and Accenture.
The company
previously focused on oil & gas and industrial corporations, but is now
expanding further to financials, healthcare, and other sectors. Oil and Gas
client bookings increased by 95%, while other sectors increased by 116%. The
company is the most famous in its niche, so it is a clear choice for any
corporation that wants to improve the automation of its operations.
AI
Enterprise value is at $978 million while revenues for the fiscal year of 2023
are expected at $316 million, making forward EV/S (enterprise value to sales)
at 3, which is a very low ratio for a company with such huge potential. C2.ai
has recently received FedRAMP status that allows the company to deliver its
solutions to U.S. Federal Government entities with large budgets.
The price
of AI stocks may reach $50 after market sentiment changes to positive.
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