Klarna Group PLC (NYSE:KLAR) is one of the 10 Must-Watch Stocks Right Now.
Klarna Group bounced back by 8.82 percent on Friday to close at $15.91 apiece, as investors mirrored the acquisition of an additional $50 million stake by its chairman, Michael Moritz.
In a regulatory filing, Klarna Group PLC (NYSE:KLAR) said that Moritz acquired more than 3.47 million shares of the company on March 3 to 11, at prices ranging from $13.1791 to $16.1128 apiece. The transactions were made through his family-run foundation, Crankstart.
In other news, Klarna Group plc (NYSE:KLAR) earlier announced a disappointing performance last year, having swung to a net loss of $273 million from a $21 million net income in 2024. Total revenues, however, increased by 25 percent to $3.5 billion from $2.8 billion year-on-year.
In the fourth quarter alone, Klarna Group PLC (NYSE:KLAR) incurred a $26 million net loss, reversing a $40 million net income in the same period a year earlier. Revenues soared by 38 percent to $1.08 billion from $781 million year-on-year.
Looking into the first quarter of the year, the company announced targets of growing its revenues by 28 to 40 percent to a range of $900 million to $980 million, as well as gross merchandise value by 26 to 30 percent to a range of $32 billion to $33 billion.
While we acknowledge the potential of KLAR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
