Morgan Stanley (NYSE: MS) Emerges As Guiding Light For Investors

Morgan Stanley (NYSE:MS) currently has a daily average trading volume of 7.30M but it saw 4740163 shares traded in last market. With a market cap of 157.40B USD, the company’s current market price of $96.85 came rising about 0.20 while comparing to the previous closing price of $96.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $103.25 and as low as $69.42.

Taking a look at 20-day trading activity of Morgan Stanley (MS) gives us an average price of $98.68, while its current price level is -6.20% below from 52-week high level whereas it is 39.51% 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 $94.73 while that of 200 days or SMA-200 reads an average of $86.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.53% during that period while stretching the period over a month that decreases to 1.50%. 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 49.79 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Keefe Bruyette which downgraded the stock as “Mkt Perform” in its note to investors issued on January 17, 2024, recommending a price target of between $102 and $91 for it. JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on January 17, 2024 while assigning a price target range of $94-$87. HSBC Securities also issued its recommendations for the stock as it downgraded the price target for the stock is $96.

Over the week, MS’s stock price is moving -0.39% down while it is 1.11% when we observe its performance for the past one month. Year-to-date it is 3.86% up and over the past year, the stock is showing an upside performance of 12.80%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.24 beat the consensus estimate of 1.15 for the same. In next quarter, company is expected to be making quarterly sales of $14.27B as analysts are expecting the sales for current fiscal year at $57.73B and seeing the company making $60.62B in sales next year. Moreover, analysts are in estimates of $14.31B for current-quarter revenue.

Currently, Morgan Stanley’s total number of outstanding shares is 1.63B. Company’s return on investment (ROI) stands at 2.41% and return on equity (ROE) at 9.52%. It has a price to earnings ratio (P/E ratio) of 17.64 while having a 12.75 of forward P/E ratio. Stock’s beta reads 1.38. Stock has a price to book (P/B) ratio of 1.74 while price to sale or P/S ratio amounts to 1.58. Its return on asset (ROA) is 0.78% on average.