Stocks of Certara Inc (NASDAQ:CERT) traded higher last session on Wall Street, up 22.84% to $12.91.
CERT stock price is now 9.52% away from the 50-day moving average and 7.54% away from the 200-day moving average. The market capitalization of the company currently stands at $2.08B.
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 of $16, TD Cowen recently initiated with Buy rating for Certara Inc (NASDAQ: CERT). On September 27, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $16, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, SMITH PATRICK F, Officer bought 20,142 shares of the company’s stock on Apr 02 ’25. The stock was bought for $195,982 at an average price of $9.73. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 07 ’24, PRESIDENT, DRUG DEV SOLUTIONS SMITH PATRICK F sold 5,409 shares of the business’s stock. A total of $59,661 was realized by selling the stock at an average price of $11.03. This leaves the insider owning 50,091 shares of the company worth $0.65 million. A total of 24.96% of the company’s stock is owned by insiders.
During the past 12 months, Certara Inc has had a low of $8.64 and a high of $18.68. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 2.13, and a quick ratio of 2.13. The fifty day moving average price for CERT is $11.788 and a two-hundred day moving average price translates $12.0046 for the stock.
The latest earnings results from Certara Inc (NASDAQ: CERT) was released for 2024-12-31. The net profit margin was -3.13% and return on equity was -1.14% for CERT. The company reported revenue of $100.36 million for the quarter, compared to $88.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.03 percent.
