Salesforce Inc (CRM) concluded trading on Wednesday at a closing price of $306.08, with 4.84 million shares of worth about $1.48 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 41.90% during that period and on March 20, 2024 the price saw a gain of about 1.54%. Currently the company’s common shares owned by public are about 971.00M shares, out of which, 939.55M shares are available for trading.
Stock saw a price change of 0.46% in past 5 days and over the past one month there was a price change of 6.88%. Year-to-date (YTD), CRM shares are showing a performance of 16.32% which increased to 65.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $182.65 but also hit the highest price of $318.71 during that period. The average intraday trading volume for Salesforce Inc shares is 5.67 million. The stock is currently trading 1.40% above its 20-day simple moving average (SMA20), while that difference is up 5.88% for SMA50 and it goes to 28.72% higher than SMA200.
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Salesforce Inc (NYSE: CRM) currently have 971.00M outstanding shares and institutions hold larger chunk of about 81.72% of that.
The stock has a current market capitalization of $296.90B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 72.79, while it has posted earnings per share of $4.21 in the same period. Its PEG reads 4.49 and has Quick Ratio of 1.02 while making debt-to-equity ratio of 0.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRM, volatility over the week remained 2.03% while standing at 2.30% over the month.
Analysts are in expectations that Salesforce Inc (CRM) stock would likely to be making an EPS of $2.38 in the current quarter, while forecast for next quarter EPS is $2.4 and it is $11.03 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.29 which is $2.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.15% while it is estimated to increase by 13.61% in next year. EPS is likely to shrink at an annualized rate of 16.22% for next 5-years, compared to annual growth of 24.06% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on January 11, 2024 offering an Outperform rating for the stock and assigned a target price range of between $240 and $300 to it. Coverage by Morgan Stanley stated Salesforce Inc (CRM) stock as an Overweight in their note to investors on December 21, 2023, suggesting a price target of $350 for the stock. On December 20, 2023, Wells Fargo Downgrade their recommendations, while on December 18, 2023, Wolfe Research Upgrade their ratings for the stock with a price target of $315. Stock get an Outperform rating from Oppenheimer on November 30, 2023.
