The stock of Las Vegas Sands Corp (NYSE:LVS) last traded at $46.11, down -0.45% from the previous session.
LVS stock price is now -6.87% away from the 50-day moving average and -7.52% away from the 200-day moving average. The market capitalization of the company currently stands at $34.35B.
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 $63, Seaport Research Partners recently initiated with Buy rating for Las Vegas Sands Corp (NYSE: LVS). On March 26, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $70, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, Goldstein Robert G, Chairman & CEO sold 100,000 shares of the company’s stock on Mar 15 ’24. The stock was sold for $5,206,000 at an average price of $52.06. Upon completion of the transaction, the Chairman & CEO now directly owns 172,801 shares in the company, valued at $7.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01 ’23, 10% Owner Adelson Miriam sold 34,010,540 shares of the business’s stock. A total of $1,470,275,644 was realized by selling the stock at an average price of $43.23. A total of 46.04% of the company’s stock is owned by insiders.
During the past 12 months, Las Vegas Sands Corp has had a low of $43.77 and a high of $61.25. As of last week, the company has a debt-to-equity ratio of 3.53, a current ratio of 1.30, and a quick ratio of 1.29.
The net profit margin was 13.99% and return on equity was 39.16% for LVS. The company reported revenue of $2.96 billion for the quarter, compared to $2.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.58 percent.
