Salesforce Inc (CRM) concluded trading on Wednesday at a closing price of $249.57, with 4.6 million shares of worth about $1.15 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.61% during that period and on September 11, 2024 the price saw a gain of about 1.39%. Currently the company’s common shares owned by public are about 971.00M shares, out of which, 931.03M shares are available for trading.
Stock saw a price change of 0.76% in past 5 days and over the past one month there was a price change of -0.69%. Year-to-date (YTD), CRM shares are showing a performance of -5.16% which increased to 10.77% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $193.68 but also hit the highest price of $318.71 during that period. The average intraday trading volume for Salesforce Inc shares is 6.51 million. The stock is currently trading -2.56% below its 20-day simple moving average (SMA20), while that difference is down -1.77% for SMA50 and it goes to -7.09% lower than SMA200.
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Salesforce Inc (NYSE: CRM) currently have 971.00M outstanding shares and institutions hold larger chunk of about 83.60% of that.
The stock has a current market capitalization of $238.59B and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 43.45, while it has posted earnings per share of $5.74 in the same period. Its PEG reads 2.68 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 0.21. 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 2.36% while standing at 2.26% over the month.
Analysts are in expectations that Salesforce Inc (CRM) stock would likely to be making an EPS of 2.44 in the current quarter, while forecast for next quarter EPS is 2.65 and it is 11.13 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.42 which is 2.56 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 1.96 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 22.63% while it is estimated to increase by 10.36% in next year. EPS is likely to shrink at an annualized rate of 16.23% 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 BMO Capital Markets on August 29, 2024 offering an Outperform rating for the stock and assigned a target price range of between $265 and $305 to it. Coverage by Oppenheimer stated Salesforce Inc (CRM) stock as an Outperform in their note to investors on May 30, 2024, suggesting a price target of $280 for the stock. On March 21, 2024, KeyBanc Capital Markets Initiated their recommendations, while on January 11, 2024, Robert W. Baird Upgrade their ratings for the stock with a price target of $300. Stock get an Overweight rating from Morgan Stanley on December 21, 2023.
