The stock of Vertiv Holdings Co (NYSE:VRT) last traded at $85.76, down -1.15% from the previous session.
VRT stock price is now 7.10% away from the 50-day moving average and 15.38% away from the 200-day moving average. The market capitalization of the company currently stands at $32.17B.
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 reduced from $95 to $92, Mizuho Upgraded its rating from Neutral to Outperform for Vertiv Holdings Co (NYSE: VRT). On April 05, 2024, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $96, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Winther Karsten, President, EMEA sold 44,924 shares of the company’s stock on Sep 03 ’24. The stock was sold for $3,593,664 at an average price of $79.99. Upon completion of the transaction, the President, EMEA now directly owns 10,542 shares in the company, valued at $0.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Officer KARSTEN WINTHER bought 44,924 shares of the business’s stock. A total of $3,593,567 was incurred on buying the stock at an average price of $79.99. A total of 2.51% of the company’s stock is owned by insiders.
During the past 12 months, Vertiv Holdings Co has had a low of $34.60 and a high of $109.27. As of last week, the company has a debt-to-equity ratio of 2.03, a current ratio of 1.36, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $34682572800, which is based on a 66.70 price-to-earnings ratio, a 2.25 price-to-earnings-growth ratio, and a beta of 1.58. The fifty day moving average price for VRT is $79.9188 and a two-hundred day moving average price translates $74.54615 for the stock.
The latest earnings results from Vertiv Holdings Co (NYSE: VRT) was released for 2024-06-30. The net profit margin was 6.93% and return on equity was 31.22% for VRT. The company reported revenue of $1.95 billion for the quarter, compared to $1.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.61 percent.
