In yesterday’s Wall Street session, Korn Ferry (NYSE:KFY) shares traded at $66.54, up 0.64% from the previous session.
KFY stock price is now 4.23% away from the 50-day moving average and 16.49% away from the 200-day moving average. The market capitalization of the company currently stands at $3.47B.
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
On September 15, 2023, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $53, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Arian Mark, CEO of Consulting sold 10,000 shares of the company’s stock on Jun 18 ’24. The stock was sold for $662,978 at an average price of $66.30. Upon completion of the transaction, the CEO of Consulting now directly owns 81,484 shares in the company, valued at $5.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, CEO of Consulting Arian Mark sold 5,000 shares of the business’s stock. A total of $330,042 was realized by selling the stock at an average price of $66.01. This leaves the insider owning 91,484 shares of the company worth $6.09 million. A total of 1.57% of the company’s stock is owned by insiders.
During the past 12 months, Korn Ferry has had a low of $44.45 and a high of $70.78. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.79, and a quick ratio of 1.83. According to the stock market information, the enterprise value for the company is $3055994880, which is based on a 20.62 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 1.54. The fifty day moving average price for KFY is $63.8918 and a two-hundred day moving average price translates $57.1978 for the stock.
The latest earnings results from Korn Ferry (NYSE: KFY) was released for 2024-04-30. The net profit margin was 5.97% and return on equity was 9.88% for KFY. The company reported revenue of $699.92 million for the quarter, compared to $738.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.18 percent.
