Salesforce Inc (CRM) concluded trading on Thursday at a closing price of $299.15, with 3.47 million shares of worth about $1.04 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.60% during that period and on April 11, 2024 the price saw a loss of about -0.16%. Currently the company’s common shares owned by public are about 971.00M shares, out of which, 939.79M shares are available for trading.
Stock saw a price change of 1.70% in past 5 days and over the past one month there was a price change of -2.44%. Year-to-date (YTD), CRM shares are showing a performance of 13.68% which increased to 58.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $187.31 but also hit the highest price of $318.71 during that period. The average intraday trading volume for Salesforce Inc shares is 5.65 million. The stock is currently trading -1.14% below its 20-day simple moving average (SMA20), while that difference is up 0.42% for SMA50 and it goes to 22.27% higher than SMA200.
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Salesforce Inc (NYSE: CRM) currently have 971.00M outstanding shares and institutions hold larger chunk of about 81.68% of that.
The stock has a current market capitalization of $290.18B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 71.14, while it has posted earnings per share of $4.21 in the same period. Its PEG reads 4.39 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 1.88% while standing at 2.08% over the month.
Analysts are in expectations that Salesforce Inc (CRM) stock would likely to be making an EPS of $2.19 in the current quarter, while forecast for next quarter EPS is $2.21 and it is $10.13 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.11 which is $2.23 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 19.17% while it is estimated to increase by 13.62% 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.
Coverage by Robert W. Baird stated Salesforce Inc (CRM) stock as an Outperform in their note to investors on January 11, 2024, suggesting a price target of $300 for the stock. On December 21, 2023, Morgan Stanley Upgrade their recommendations, while on December 20, 2023, Wells Fargo Downgrade their ratings for the stock with a price target of $280. Stock get an Outperform rating from Wolfe Research on December 18, 2023.
