Previous Close | 48.34 |
Open | 48.40 |
Bid | 48.37 x 14100 |
Ask | 48.41 x 12000 |
Day's Range | 48.09 - 48.64 |
52 Week Range | 41.65 - 58.86 |
Volume | |
Avg. Volume | 908,559 |
Market Cap | 14.819B |
Beta (5Y Monthly) | 1.31 |
PE Ratio (TTM) | 3.87 |
EPS (TTM) | 12.52 |
Earnings Date | Mar 21, 2024 |
Forward Dividend & Yield | 2.56 (5.30%) |
Ex-Dividend Date | Jun 12, 2024 |
1y Target Est | 100.08 |
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U.S.-based vehicle software supplier Applied Intuition has raised $250 million in its latest Series E funding round, valuing it at $6 billion, the company said in a statement on Tuesday. The financing was led by Lux Capital, Elad Gil, and Porsche Investments Management, the sports car manufacturer's subsidiary, the company said. This marks a jump in valuation from Applied Intuition's last round at $3.6 billion in late 2021.
Porsche has warned that its shift away from petrol cars will impact profits, as investment in electrification drives up costs.
Porsche said it expected profitability to decline to between 15-17% in 2024, citing global economic conditions, after it posted full-year results largely in line with views.