Vertiv Holdings Co (NYSE:VRT) shares traded 1.40% higher at $94.80 on Wall Street last session.
VRT stock price is now 24.51% away from the 50-day moving average and 88.17% away from the 200-day moving average. The market capitalization of the company currently stands at $36.21B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $96, Oppenheimer recently initiated with Outperform rating for Vertiv Holdings Co (NYSE: VRT). On August 02, 2023, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Buy’ on the stock keeping its target price maintained at $40, while ‘Vertical Research’ rates the stock as ‘Buy’
In other news, Cripps Scott, Chief Accounting Officer sold 56,594 shares of the company’s stock on Mar 08 ’24. The stock was sold for $4,004,869 at an average price of $70.76. Upon completion of the transaction, the Chief Accounting Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Chief Technology Officer & EVP Liang Stephen sold 306,196 shares of the business’s stock. A total of $21,506,655 was realized by selling the stock at an average price of $70.24. This leaves the insider owning 51,841 shares of the company worth $4.91 million. A total of 4.35% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $13.73 and a high of $95.32. As of last week, the company has a debt-to-equity ratio of 2.25, a current ratio of 1.34, and a quick ratio of 0.98.
The net profit margin was 5.79% and return on equity was 27.44% for VRT. The company reported revenue of $1.64 billion for the quarter, compared to $1.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.76 percent.
