The stock of Halliburton Co (NYSE:HAL) last traded at $28.48, down -3.56% from the previous session.
HAL stock price is now -1.85% away from the 50-day moving average and -11.28% away from the 200-day moving average. The market capitalization of the company currently stands at $25.02B.
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
, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Jones Myrtle L, Former Officer bought 10,487 shares of the company’s stock on Jan 15 ’25. The stock was bought for $304,331 at an average price of $29.02. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18 ’24, EVP, Secretary and CLO Beckwith Van H. sold 10,000 shares of the business’s stock. A total of $367,500 was realized by selling the stock at an average price of $36.75. This leaves the insider owning 273,908 shares of the company worth $7.8 million. A total of 0.46% of the company’s stock is owned by insiders.
During the past 12 months, Halliburton Co has had a low of $25.51 and a high of $41.56. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 2.05, and a quick ratio of 1.54. The fifty day moving average price for HAL is $29.0168 and a two-hundred day moving average price translates $32.0994 for the stock.
The latest earnings results from Halliburton Co (NYSE: HAL) was released for 2024-09-30. The net profit margin was 10.90% and return on equity was 25.14% for HAL. The company reported revenue of $5.7 billion for the quarter, compared to $5.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.84 percent. For the current quarter, analysts expect HAL to generate $5.38B in revenue.
