There’s Something Awry at Altria Group Inc. (NYSE:MO) Since Share Price Gets Ahead of Fundamentals

The stock of Altria Group Inc. (NYSE:MO) last traded at $49.45, up 0.24% from the previous session.

MO stock price is now 7.29% away from the 50-day moving average and 15.77% away from the 200-day moving average. The market capitalization of the company currently stands at $84.94B.

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

, while ‘UBS’ rates the stock as ‘Sell’

In other news, Whitaker Charles N., Sr. VP, Chief HR Off. & CCO sold 22,487 shares of the company’s stock on May 02 ’24. The stock was sold for $988,360 at an average price of $43.95. Upon completion of the transaction, the Sr. VP, Chief HR Off. & CCO now directly owns 173,485 shares in the company, valued at $8.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’23, Director Davis Robert Matthews bought 1,200 shares of the business’s stock. A total of $48,599 was incurred on buying the stock at an average price of $40.50. This leaves the insider owning 8,473 shares of the company worth $0.42 million. A total of 0.14% of the company’s stock is owned by insiders.

During the past 12 months, Altria Group Inc. has had a low of $39.06 and a high of $49.92. According to the stock market information, the enterprise value for the company is $106420625408, which is based on a 10.36 price-to-earnings ratio, a 2.78 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for MO is $46.247 and a two-hundred day moving average price translates $42.77165 for the stock.

The latest earnings results from Altria Group Inc. (NYSE: MO) was released for 2024-03-31. The company reported revenue of $5.58 billion for the quarter, compared to $5.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.5 percent.

Related Posts