Spotting A Winner: Salesforce Inc (NYSE: CRM) Retreats -1.35 And It Still Have Room To Run

Salesforce Inc (NYSE:CRM) currently has a daily average trading volume of 5.37M but it saw 3214973 shares traded in last market. With a market cap of 271.92B USD, the company’s current market price of $284.43 came falling about -1.35 while comparing to the previous closing price of $288.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $318.71 and as low as $193.68. In the recent trading on the day, stock has struck highest price mark of $282.6176 while lowest mark touched by it was $288.3032.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Northland Capital which upgraded the stock as “Outperform” in its note to investors issued on October 02, 2024, recommending a price target of $400 for it. Piper Sandler upgraded its recommendation for the stock as a “Overweight” from “Neutral” on September 24, 2024 while assigning a price target range of $268-$325. BMO Capital Markets issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $265 and $305.

Over the week, CRM’s stock price is moving -2.21% down while it is 5.17% when we observe its performance for the past one month. Year-to-date it is 8.09% up and over the past year, the stock is showing an upside performance of 40.81%.

Currently, Salesforce Inc’s total number of outstanding shares is 971.00M. Company’s return on investment (ROI) stands at 8.15% and return on equity (ROE) at 9.73%. It has a price to earnings ratio (P/E ratio) of 49.52 while having a 25.52 of forward P/E ratio. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 4.73 while price to sale or P/S ratio amounts to 7.46. Its return on asset (ROA) is 6.10% on average.