Stick With Salesforce Inc (CRM). The Bull Are Alive And Well

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 0.16% and 5.73% over the past three months. CRM shares are trading 2.94% year to date (YTD), with the 12-month market performance up to 33.58% 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 5.74 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 4.84%, 5.53%, and 0.30% respectively.

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Institutional ownership of Salesforce Inc (NYSE: CRM) shares accounts for 82.61% of the company’s 971.00M shares outstanding.

It has a market capitalization of $258.95B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 47.16, while the earnings-per-share (ttm) stands at $5.74. The company has a PEG of 2.91 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 2.07% over the week and 2.28% over the month.

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. Piper Sandler stated their Overweight rating for the stock in a research note on September 24, 2024, with the firm’s price target at $268-$325. BMO Capital Markets coverage for the Salesforce Inc (CRM) stock in a research note released on August 29, 2024 offered a Outperform rating with a price target of $305. Robert W. Baird on their part issued Outperform rating on January 11, 2024.

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