Stocks of Visa Inc (NYSE:V) traded higher last session on Wall Street, down -0.72% to $284.79.
V stock price is now 2.58% away from the 50-day moving average and 3.81% away from the 200-day moving average. The market capitalization of the company currently stands at $562.72B.
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On September 04, 2024, Compass Point recently initiated its ‘Buy’ rating on the stock quoting a target price of $319, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, MCINERNEY RYAN, Chief Executive Officer sold 8,620 shares of the company’s stock on Oct 01 ’24. The stock was sold for $2,387,481 at an average price of $276.97. Upon completion of the transaction, the Chief Executive Officer now directly owns 538 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Officer MCINERNEY RYAN bought 8,620 shares of the business’s stock. A total of $2,387,481 was incurred on buying the stock at an average price of $276.97. A total of 15.68% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $228.03 and a high of $293.07. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.37, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $654102626304, which is based on a 30.94 price-to-earnings ratio, a 2.38 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for V is $277.12 and a two-hundred day moving average price translates $274.2062 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for 2024-06-30. The net profit margin was 53.89% and return on equity was 47.82% for V. The company reported revenue of $8.9 billion for the quarter, compared to $8.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.57 percent.
