Morgan Stanley (MS) concluded trading on Wednesday at a closing price of $102.20, with 2.84 million shares of worth about $289.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.77% during that period and on August 28, 2024 the price saw a gain of about 0.12%. Currently the company’s common shares owned by public are about 1.63B shares, out of which, 1.24B shares are available for trading.
Stock saw a price change of 1.50% in past 5 days and over the past one month there was a price change of -1.50%. Year-to-date (YTD), MS shares are showing a performance of 9.60% which increased to 21.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.42 but also hit the highest price of $109.11 during that period. The average intraday trading volume for Morgan Stanley shares is 6.21 million. The stock is currently trading 3.73% above its 20-day simple moving average (SMA20), while that difference is up 2.10% for SMA50 and it goes to 10.95% higher than SMA200.
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Morgan Stanley (NYSE: MS) currently have 1.63B outstanding shares and institutions hold larger chunk of about 62.07% of that.
The stock has a current market capitalization of $165.35B and its 3Y-monthly beta is at 1.36. PE ratio of stock for trailing 12 months is 16.83, while it has posted earnings per share of $6.07 in the same period. Its PEG reads 0.91 while making debt-to-equity ratio of 3.72. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MS, volatility over the week remained 1.19% while standing at 1.87% over the month.
Stock’s fiscal year EPS is expected to rise by 35.33% while it is estimated to increase by 9.13% in next year. EPS is likely to grow at an annualized rate of 18.45% for next 5-years, compared to annual growth of 1.84% 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 Wells Fargo on August 02, 2024 offering an Underweight rating for the stock and assigned a target price range of between $99 and $95 to it. On January 17, 2024, Keefe Bruyette Downgrade their recommendations, while on January 17, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $87. Stock get a Hold rating from HSBC Securities on January 09, 2024.
