C3.ai Stock Continues to Plummet Amid Accounting Allegations and Short Seller Criticism.
TL;DR
C3.ai's stock fell for the second day in a row as investors reacted to allegations of accounting fraud made by Kerrisdale Capital. The lack of a public response from C3.ai may have further shaken investors. Even before the allegations, there were reasons to avoid the stock, including declining revenue and wide losses. The stock now trades at a price-to-sales ratio of around 10, which looks stretched even after the recent decline.
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