The stock of Morphic Holding Inc (NASDAQ:MORF) last traded at $55.67, down -0.13% from the previous session.
MORF stock price is now 83.46% away from the 50-day moving average and 90.45% away from the 200-day moving average. The market capitalization of the company currently stands at $2.79B.
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 $46, Citigroup recently initiated with Buy rating for Morphic Holding Inc (NASDAQ: MORF). On September 25, 2023, Stifel reiterated its ‘Hold’ rating on the stock by increasing its target price from $61 to quote $33, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Tipirneni Praveen P., CEO sold 13,923 shares of the company’s stock on Jan 16 ’24. The stock was sold for $382,753 at an average price of $27.49. Upon completion of the transaction, the CEO now directly owns 42,013 shares in the company, valued at $2.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 16 ’24, President Rogers Bruce sold 6,314 shares of the business’s stock. A total of $173,576 was realized by selling the stock at an average price of $27.49. This leaves the insider owning 142,036 shares of the company worth $7.91 million. A total of 21.08% of the company’s stock is owned by insiders.
During the past 12 months, Morphic Holding Inc has had a low of $19.34 and a high of $62.08. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 38.17, and a quick ratio of 38.17. The fifty day moving average price for MORF is $30.8991 and a two-hundred day moving average price translates $29.254925 for the stock.
The latest earnings results from Morphic Holding Inc (NASDAQ: MORF) was released for 2024-03-31.
