The stock of Albertsons Companies Inc (NYSE:ACI) last traded at $19.83, down -1.10% from the previous session.
ACI stock price is now -1.67% away from the 50-day moving average and -6.58% away from the 200-day moving average. The market capitalization of the company currently stands at $11.48B.
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 maintained at $24, ROTH MKM recently Upgraded its rating from Neutral to Buy for Albertsons Companies Inc (NYSE: ACI). On April 26, 2023, Tigress Financial Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $32 to quote $27, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Larson Robert Bruce, SVP & Chief Accounting Officer sold 24,362 shares of the company’s stock on May 01 ’24. The stock was sold for $493,087 at an average price of $20.24. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 50,241 shares in the company, valued at $1.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 30 ’24, Chief Tech &Transformation Off DHANDA ANUJ sold 100,000 shares of the business’s stock. A total of $2,035,000 was realized by selling the stock at an average price of $20.35. This leaves the insider owning 365,297 shares of the company worth $7.24 million. A total of 41.97% of the company’s stock is owned by insiders.
During the past 12 months, Albertsons Companies Inc has had a low of $19.33 and a high of $23.88. As of last week, the company has a debt-to-equity ratio of 5.18, a current ratio of 0.84, and a quick ratio of 0.18. According to the stock market information, the enterprise value for the company is $25477394432, which is based on a 8.89 price-to-earnings ratio, a 1.11 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for ACI is $20.1516 and a two-hundred day moving average price translates $21.21315 for the stock.
The latest earnings results from Albertsons Companies Inc (NYSE: ACI) was released for 2024-02-24. The net profit margin was 1.63% and return on equity was 59.47% for ACI. The company reported revenue of $18.34 billion for the quarter, compared to $18.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.41 percent.
