Growing Through Challenges? – Salesforce Inc (CRM)

Currently, there are 971.00M common shares owned by the public and among those 939.73M shares have been available to trade.

However, the script later moved the day high at 309.04, up 0.58%. The company’s stock has a 5-day price change of -0.67% and 15.53% over the past three months. CRM shares are trading 15.53% year to date (YTD), with the 12-month market performance up to 54.63% higher. It has a 12-month low price of $187.31 and touched a high of $318.71 over the same period. CRM has an average intraday trading volume of 5.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.01%, 3.07%, and 25.86% respectively.

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Institutional ownership of Salesforce Inc (NYSE: CRM) shares accounts for 81.73% of the company’s 971.00M shares outstanding.

It has a market capitalization of $294.88B and a beta (3y monthly) value of 1.28. The stock’s trailing 12-month PE ratio is 72.29, while the earnings-per-share (ttm) stands at $4.21. The company has a PEG of 4.46 and a Quick Ratio of 1.02 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.01% over the week and 2.01% over the month.

Analysts forecast that Salesforce Inc (CRM) will achieve an EPS of $2.38 for the current quarter, $2.4 for the next quarter and $11.03 for 2026. The lowest estimate earnings-per-share for the quarter is $2.29 while analysts give the company a high EPS estimate of $2.42. Comparatively, EPS for the current quarter was $1.69 a year ago. Earnings per share for the fiscal year are expected to increase by 19.17%, and 13.62% over the next financial year. EPS should shrink at an annualized rate of 16.22% over the next five years, compared to 24.06% over the past 5-year period.

Robert W. Baird coverage for the Salesforce Inc (CRM) stock in a research note released on January 11, 2024 offered a Outperform rating with a price target of $300. Morgan Stanley was of a view on December 21, 2023 that the stock is Overweight, while Wells Fargo gave the stock Equal Weight rating on December 20, 2023, issuing a price target of $280. Wolfe Research on their part issued Outperform rating on December 18, 2023.

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