Stocks of Morgan Stanley (NYSE:MS) traded higher last session on Wall Street, up 0.34% to $132.76.
MS stock price is now 19.46% away from the 50-day moving average and 34.20% away from the 200-day moving average. The market capitalization of the company currently stands at $213.88B.
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 $118, HSBC Securities recently Upgraded its rating from Hold to Buy for Morgan Stanley (NYSE: MS). , while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, MORGAN STANLEY SMITH BARNEY LL, Indirectly controlled by the i bought 3,756 shares of the company’s stock on Oct 18 ’24. The stock was bought for $450,149 at an average price of $119.85. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17 ’24, Director LUCZO STEPHEN J sold 60,000 shares of the business’s stock. A total of $7,150,470 was realized by selling the stock at an average price of $119.17. This leaves the insider owning 138,363 shares of the company worth $18.37 million. A total of 23.53% of the company’s stock is owned by insiders.
During the past 12 months, Morgan Stanley has had a low of $74.55 and a high of $133.99. According to the stock market information, the enterprise value for the company is $74754080768, which is based on a 20.18 price-to-earnings ratio, a 1.17 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for MS is $111.1326 and a two-hundred day moving average price translates $98.93035 for the stock.
The latest earnings results from Morgan Stanley (NYSE: MS) was released for 2024-09-30. The net profit margin was 10.07% and return on equity was 11.04% for MS. The company reported revenue of $15.38 billion for the quarter, compared to $13.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.9 percent.
