Salesforce Inc (NYSE:CRM) currently has a daily average trading volume of 5.69M but it saw 8343527 shares traded in last market. With a market cap of 285.32B USD, the company’s current market price of $294.14 came falling about -3.48 while comparing to the previous closing price of $304.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $318.71 and as low as $187.31.
Taking a look at 20-day trading activity of Salesforce Inc (CRM) gives us an average price of $303.32, while its current price level is -7.71% below from 52-week high level whereas it is 57.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $296.25 while that of 200 days or SMA-200 reads an average of $242.88. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.68% during that period while stretching the period over a month that decreases to 2.06%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.35 which implies that the stock is in neutral territory.
Robert W. Baird upgraded its recommendation for the stock as a “Outperform” from “Neutral” on January 11, 2024 while assigning a price target range of $240-$300. Morgan Stanley issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $290 and $350.
Over the week, CRM’s stock price is moving -2.40% down while it is -1.54% when we observe its performance for the past one month. Year-to-date it is 11.78% up and over the past year, the stock is showing an upside performance of 49.70%.
The latest quarterly earnings report issued by the company was for quarter ended 1/30/2024, when its quarterly earnings per share (EPS) of $2.29 beat the consensus estimate of $2.26 for the same. For CRM, analysts are forecasting an EPS-growth rate of 18.70% for current year and estimate for EPS growth in next year is 12.70%. In next quarter, company is expected to be making quarterly sales of $9.34 billion as analysts are expecting the sales for current fiscal year at $37.98 billion and seeing the company making $41.97 billion in sales next year. Moreover, analysts are in estimates of $9.15 billion for current-quarter revenue.
Currently, Salesforce Inc’s total number of outstanding shares is 971.00M with 2.83% of that held by the insiders while 83.16% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.80% and return on equity (ROE) at 7.01%. It has a price to earnings ratio (P/E ratio) of 69.95 while having a 26.43 of forward P/E ratio. Stock’s beta reads 1.28. Stock has a price to book (P/B) ratio of 4.79 while price to sale or P/S ratio amounts to 8.19. Its return on asset (ROA) is 4.03% on average.
