The stock of Twilio Inc (NYSE:TWLO) last traded at $58.62, down -7.50% from the previous session.
TWLO stock price is now -3.35% away from the 50-day moving average and -6.94% away from the 200-day moving average. The market capitalization of the company currently stands at $10.24B.
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 $66, Northland Capital recently Downgraded its rating from Outperform to Market Perform for Twilio Inc (NYSE: TWLO). On February 14, 2024, HSBC Securities Downgraded its previous ‘Hold’ rating to ‘Reduce’ on the stock reducing its target price from $62 to quote $61, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Viggiano Aidan, Chief Financial Officer sold 3,375 shares of the company’s stock on Apr 04 ’24. The stock was sold for $205,166 at an average price of $60.79. Upon completion of the transaction, the Chief Financial Officer now directly owns 231,036 shares in the company, valued at $13.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 04 ’24, Chief Legal Officer, Secretary Wagner Dana sold 841 shares of the business’s stock. A total of $51,664 was realized by selling the stock at an average price of $61.43. This leaves the insider owning 166,773 shares of the company worth $9.78 million. A total of 7.17% of the company’s stock is owned by insiders.
During the past 12 months, Twilio Inc has had a low of $45.02 and a high of $78.16. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 6.55, and a quick ratio of 6.64.
According to the Internet Content & Information Company, earnings per share came in at 0.47, beating analysts’ expectations of 0.21 by 0.26. This compares to -$1.24 EPS in the same period last year. The net profit margin was -17.37% and return on equity was -7.37% for TWLO. The company reported revenue of $1.08 billion for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.01 percent. For the current quarter, analysts expect TWLO to generate $1.05B in revenue.
