Salesforce Inc (CRM) concluded trading on Thursday at a closing price of $291.37, with 4.27 million shares of worth about $1.24 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.07% during that period and on October 31, 2024 the price saw a loss of about -1.70%. Currently the company’s common shares owned by public are about 971.00M shares, out of which, 930.80M shares are available for trading.
Stock saw a price change of 1.61% in past 5 days and over the past one month there was a price change of 4.25%. Year-to-date (YTD), CRM shares are showing a performance of 10.73% which increased to 45.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $198.66 but also hit the highest price of $318.71 during that period. The average intraday trading volume for Salesforce Inc shares is 5.21 million. The stock is currently trading 0.36% above its 20-day simple moving average (SMA20), while that difference is up 6.91% for SMA50 and it goes to 6.71% higher than SMA200.
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Salesforce Inc (NYSE: CRM) currently have 971.00M outstanding shares and institutions hold larger chunk of about 83.08% of that.
The stock has a current market capitalization of $278.55B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 50.73, while it has posted earnings per share of $5.74 in the same period. Its PEG reads 3.15 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 1.83% while standing at 1.77% over the month.
Stock’s fiscal year EPS is expected to rise by 22.86% while it is estimated to increase by 10.35% in next year. EPS is likely to shrink at an annualized rate of 16.10% 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 Northland Capital on October 02, 2024 offering an Outperform rating for the stock and assigned a target price of $400 to it. Coverage by Piper Sandler stated Salesforce Inc (CRM) stock as an Overweight in their note to investors on September 24, 2024, suggesting a price target of $325 for the stock. On August 29, 2024, BMO Capital Markets Reiterated their recommendations, while on May 30, 2024, Oppenheimer Reiterated their ratings for the stock with a price target of $280. Stock get a Sector weight rating from KeyBanc Capital Markets on March 21, 2024.
