Currently, there are 971.00M common shares owned by the public and among those 931.03M shares have been available to trade.
The company’s stock has a 5-day price change of 2.84% and 10.12% over the past three months. CRM shares are trading 0.41% year to date (YTD), with the 12-month market performance up to 26.65% higher. It has a 12-month low price of $193.68 and touched a high of $318.71 over the same period. CRM has an average intraday trading volume of 6.10 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 3.72%, 3.95%, and -1.93% respectively.
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Institutional ownership of Salesforce Inc (NYSE: CRM) shares accounts for 82.57% of the company’s 971.00M shares outstanding.
It has a market capitalization of $252.58B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 46.00, while the earnings-per-share (ttm) stands at $5.74. The company has a PEG of 2.83 and a Quick Ratio of 0.95 with the debt-to-equity ratio at 0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.80% over the week and 2.52% over the month.
Analysts forecast that Salesforce Inc (CRM) will achieve an EPS of 2.44 for the current quarter, 2.65 for the next quarter and 11.13 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 2.42 while analysts give the company a high EPS estimate of 2.42. Comparatively, EPS for the current quarter was 1.96 a year ago. Earnings per share for the fiscal year are expected to increase by 22.87%, and 10.25% over the next financial year. EPS should shrink at an annualized rate of 16.23% over the next five years, compared to 24.06% over the past 5-year period.
Looking at the support for the CRM, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on August 29, 2024, with the firm’s price target at $265-$305. Oppenheimer coverage for the Salesforce Inc (CRM) stock in a research note released on May 30, 2024 offered a Outperform rating with a price target of $280. KeyBanc Capital Markets was of a view on March 21, 2024 that the stock is Sector Weight, while Robert W. Baird gave the stock Outperform rating on January 11, 2024, issuing a price target of $240- $300. Morgan Stanley on their part issued Overweight rating on December 21, 2023.
