Microsoft Corporation (NASDAQ:MSFT) does about 22.51M shares in volume on a normal day but saw 14253661 shares change hands in Monday trading. The company now has a market cap of 3154.89B USD. Its current market price is $424.59, marking a decrease of -0.22% compared to the previous close of $425.52. The 52 week high reached by this stock is $430.82 whilst the lowest price level in 52 weeks is $275.37.
Microsoft Corporation (MSFT) has a 20-day trading average at $420.99 and the current price is -1.45% off the 52-week high compared with 54.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $413.40 and its 200-day simple moving average is $364.10. If we look at the stock’s price movements over the week, volatility stands at 1.53%, which decreases to 1.46% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.28 to suggest the stock is neutral.
The consensus objective for the share price is $472.62, suggesting that the stock has a potential upside of 10.16% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 21, 2024 when KeyBanc Capital Markets initiated the stock to “Overweight” and issued a price target of $490. Exane BNP Paribas upgraded the stock to “Outperform” from Neutral on January 18, 2024 at a price target of $471.
Its price is 12.91% year-to-date and 49.32% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $2.7 above consensus estimates by $0.14. MSFT’s earnings per share are forecast to grow by 9.40% this year and 14.80% over next year. Expected sales for next quarter are $59.47 billion, which analysts say will come at $225.1 billion for the current fiscal year and next year at $257.33 billion. In addition, estimates put the company’s current quarterly revenue at an average of $56.01 billion.
To reach the target analysts have set, the stock logically needs to grow 10.16 percent from here.
Outstanding shares total 7.43B with insiders holding 0.05% of the shares and institutional holders owning 73.84% of the company’s common stock. The company has a return on investment of 26.13% and return on equity of 39.17%. The price to earnings ratio (P/E ratio) amounts to 38.40 while the forward price to earnings ratio is 31.70. The beta has a value of 0.88. Price to book ratio is 13.24 and price to sales ratio is 13.86.
