Stocks of Merck & Co Inc (NYSE:MRK) traded higher last session on Wall Street, down -0.47% to $125.26.
MRK stock price is now -2.45% away from the 50-day moving average and 4.67% away from the 200-day moving average. The market capitalization of the company currently stands at $317.26B.
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 $104, Societe Generale recently Downgraded its rating from Hold to Sell for Merck & Co Inc (NYSE: MRK). On January 04, 2024, TD Cowen Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock increasing its target price from $125 to quote $135, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Merck & Co., Inc., 10% Owner bought 21,397,205 shares of the company’s stock on Mar 11 ’24. The stock was bought for $492,135,715 at an average price of $23.00. Upon completion of the transaction, the 10% Owner now directly owns 1,000 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’24, Chairman, CEO & President Davis Robert M sold 85,021 shares of the business’s stock. A total of $10,661,574 was realized by selling the stock at an average price of $125.40. This leaves the insider owning 348,327 shares of the company worth $43.63 million. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Merck & Co Inc has had a low of $99.14 and a high of $134.63. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 1.25, and a quick ratio of 0.99. The fifty day moving average price for MRK is $128.3332 and a two-hundred day moving average price translates $119.77625 for the stock.
The latest earnings results from Merck & Co Inc (NYSE: MRK) was released for 2024-03-31. The net profit margin was 3.77% and return on equity was 5.29% for MRK. The company reported revenue of $15.78 billion for the quarter, compared to $14.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.89 percent.
