In yesterday’s Wall Street session, Electronic Arts, Inc. (NASDAQ:EA) shares traded at $127.12, up 1.50% from the previous session.
EA stock price is now -3.27% away from the 50-day moving average and -2.98% away from the 200-day moving average. The market capitalization of the company currently stands at $33.99B.
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 enhanced from $152 to $155, Stifel maintained Buy rating for Electronic Arts, Inc. (NASDAQ: EA). On January 09, 2024, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $160, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Miele Laura, Chief Operating Officer sold 2,000 shares of the company’s stock on May 01 ’24. The stock was sold for $256,303 at an average price of $128.15. Upon completion of the transaction, the Chief Operating Officer now directly owns 32,772 shares in the company, valued at $4.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Chief People Officer Singh Vijayanthimala sold 800 shares of the business’s stock. A total of $101,312 was realized by selling the stock at an average price of $126.64. This leaves the insider owning 26,283 shares of the company worth $3.34 million. A total of 9.56% of the company’s stock is owned by insiders.
During the past 12 months, Electronic Arts, Inc. has had a low of $117.47 and a high of $144.53. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.37, and a quick ratio of 1.33.
The net profit margin was 16.96% and return on equity was 17.20% for EA. The company reported revenue of $1.95 billion for the quarter, compared to $1.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.4 percent.
