In yesterday’s Wall Street session, Visa Inc (NYSE:V) shares traded at $305.80, down -0.52% from the previous session.
V stock price is now 7.96% away from the 50-day moving average and 10.90% away from the 200-day moving average. The market capitalization of the company currently stands at $583.74B.
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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, ROTTENBERG JULIE B, GENERAL COUNSEL sold 2,572 shares of the company’s stock on Nov 01 ’24. The stock was sold for $741,996 at an average price of $288.49. Upon completion of the transaction, the GENERAL COUNSEL now directly owns 5,893 shares in the company, valued at $1.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Chief Executive Officer MCINERNEY RYAN sold 8,620 shares of the business’s stock. A total of $2,486,784 was realized by selling the stock at an average price of $288.49. This leaves the insider owning 538 shares of the company worth $0.16 million. A total of 12.72% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $240.97 and a high of $309.00. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.28, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $577926397952, which is based on a 31.78 price-to-earnings ratio, a 2.47 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for V is $282.53 and a two-hundred day moving average price translates $275.56204 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for 2024-09-30. The net profit margin was 54.35% and return on equity was 50.15% 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.
