Currently, there are 956.00M common shares owned by the public and among those 932.31M shares have been available to trade.
The company’s stock has a 5-day price change of -2.11% and 12.30% over the past three months. CRM shares are trading -3.23% year to date (YTD), with the 12-month market performance up to 19.22% higher. It has a 12-month low price of $212.00 and touched a high of $369.00 over the same period. CRM has an average intraday trading volume of 5.86 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 -3.76%, -3.04%, and 14.36% respectively.
Institutional ownership of Salesforce Inc (NYSE: CRM) shares accounts for 81.40% of the company’s 956.00M shares outstanding.
It has a market capitalization of $309.63B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 53.23, while the earnings-per-share (ttm) stands at $6.08. The company has a PEG of 3.23 and a Quick Ratio of 1.01 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 2.27% over the week and 2.46% over the month.
Earnings per share for the fiscal year are expected to increase by 22.13%, and 11.83% over the next financial year. EPS should shrink at an annualized rate of 16.50% 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. Guggenheim stated their Sell rating for the stock in a research note on January 06, 2025, with the firm’s price target at $247. KeyBanc Capital Markets coverage for the Salesforce Inc (CRM) stock in a research note released on December 13, 2024 offered a Overweight rating with a price target of $440. Macquarie was of a view on December 12, 2024 that the stock is Neutral, while BMO Capital Markets gave the stock Outperform rating on December 04, 2024, issuing a price target of $385- $425. Scotiabank on their part issued Sector Outperform rating on November 19, 2024.
