The stock of Visa Inc (NYSE:V) last traded at $280.10, up 0.09% from the previous session.
V stock price is now 0.95% away from the 50-day moving average and 8.10% away from the 200-day moving average. The market capitalization of the company currently stands at $560.48B.
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 $320, TD Cowen recently initiated with Buy rating for Visa Inc (NYSE: V). On March 27, 2024, Redburn Atlantic Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $307, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, Fabara Paul D, CHIEF RISK OFFICER sold 25,293 shares of the company’s stock on May 15 ’24. The stock was sold for $7,009,955 at an average price of $277.15. Upon completion of the transaction, the CHIEF RISK OFFICER now directly owns 17,894 shares in the company, valued at $5.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26 ’24, Director CARNEY LLOYD sold 909 shares of the business’s stock. A total of $250,472 was realized by selling the stock at an average price of $275.55. This leaves the insider owning 2,591 shares of the company worth $0.73 million. A total of 21.56% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $216.14 and a high of $290.96. As of last week, the company has a debt-to-equity ratio of 0.51, a current ratio of 1.40, and a quick ratio of 1.40.
According to the Credit Services Company, earnings per share came in at 2.16, beating analysts’ expectations of 2.12 by 0.04. This compares to $1.81 EPS in the same period last year. The net profit margin was 53.04% and return on equity was 45.81% for V. The company reported revenue of $8.78 billion for the quarter, compared to $7.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.89 percent. For the current quarter, analysts expect V to generate $8.92B in revenue.
