AES Corp. (NYSE:AES) shares traded -0.25% lower at $19.94 on Wall Street last session.
AES stock price is now 17.31% away from the 50-day moving average and 16.85% away from the 200-day moving average. The market capitalization of the company currently stands at $14.17B.
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 $21, Mizuho recently initiated with Buy rating for AES Corp. (NYSE: AES). On October 06, 2023, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $22 to quote $13, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Falu Ricardo Manuel, EVP, COO, Pres. New Enrgy Tech bought 6 shares of the company’s stock on Mar 12 ’24. The stock was bought for $96 at an average price of $16.01. Upon completion of the transaction, the EVP, COO, Pres. New Enrgy Tech now directly owns 84,785 shares in the company, valued at $1.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28 ’23, EVP, COO, Pres. New Enrgy Tech Falu Ricardo Manuel bought 73 shares of the business’s stock. A total of $1,402 was incurred on buying the stock at an average price of $19.21. This leaves the insider owning 84,779 shares of the company worth $1.69 million. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, AES Corp. has had a low of $11.43 and a high of $22.85. As of last week, the company has a debt-to-equity ratio of 6.72, a current ratio of 0.78, and a quick ratio of 0.71.
The net profit margin was 4.18% and return on equity was 13.00% for AES. The company reported revenue of $3.08 billion for the quarter, compared to $3.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.75 percent.
#####
#####
