Salesforce Inc (CRM) concluded trading on Thursday at a closing price of $330.66, with 4.8 million shares of worth about $1.59 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.71% during that period and on Thursday the price saw a loss of about -1.10%. Currently the company’s common shares owned by public are about 956.00M shares, out of which, 932.31M shares are available for trading.
Stock saw a price change of -4.00% in past 5 days and over the past one month there was a price change of -0.11%. Year-to-date (YTD), CRM shares are showing a performance of -1.10% which increased to 29.10% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $212.00 but also hit the highest price of $369.00 during that period. The average intraday trading volume for Salesforce Inc shares is 5.85 million. The stock is currently trading -4.88% below its 20-day simple moving average (SMA20), while that difference is up 0.52% for SMA50 and it goes to 17.16% higher than SMA200.
Salesforce Inc (NYSE: CRM) currently have 956.00M outstanding shares and institutions hold larger chunk of about 81.32% of that.
The stock has a current market capitalization of $316.44B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 54.40, while it has posted earnings per share of $6.08 in the same period. Its PEG reads 3.30 and has Quick Ratio of 1.01 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 2.00% while standing at 2.59% over the month.
Stock’s fiscal year EPS is expected to rise by 22.13% while it is estimated to increase by 12.01% in next year. EPS is likely to shrink at an annualized rate of 16.50% 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 KeyBanc Capital Markets on December 13, 2024 offering an Overweight rating for the stock and assigned a target price of $440 to it. Coverage by Macquarie stated Salesforce Inc (CRM) stock as a Neutral in their note to investors on December 12, 2024, suggesting a price target of $370 for the stock. On December 04, 2024, BMO Capital Markets Reiterated their recommendations, while on November 19, 2024, Scotiabank Initiated their ratings for the stock with a price target of $425. Stock get an Outperform rating from BMO Capital Markets on November 15, 2024.
