The Stock Of The Week: Salesforce Inc. (CRM)

As of Thursday close, Salesforce Inc.’s (NYSE:CRM) stock was up $1.62, moving up 0.85 percent to $191.27. The average number of shares traded per day over the past five days has been 4,522,400 shares. 4 times new highs have been achieved over the past 5 days, with a $9.98 gain in that time frame. In the last twenty days, the average volume was 4,698,210, while in the previous 50 days, it was 7,329,854.

Since last month, CRM stock rose 10.73%. Shares of the company fell to $157.65 on 07/14/22, the lowest level in the past month. A 52-week high of $311.75 was reached on 01/04/22 after having rallying from a 52-week low of $154.55. Since the beginning of this year, CRM’s stock price has dropped by -24.74% or -$62.86, and marked a new high 2 times. However, the stock has declined by -38.65% since its 52-week high.

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Salesforce Inc. (CRM) last reported insider trading activity 1 day ago on Aug 04. Benioff Marc, the Chair and Co-CEO of the company, disposed of 2,300 shares for $189.53 on Aug 04. It resulted in a $435,913 divestment by the insider. Benioff Marc sold 2,300 shares at an average price of $189.28 on Aug 03. The insider now owns 27,761,368 shares following the transaction. On Aug 02, Chairman and Co-CEO Benioff Marc sold 2,300 shares at $182.80 apiece. The transaction was valued at $420,434.

Valuation Metrics

Right now, Salesforce Inc. (CRM) has a P/E ratio of about 185.70. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 6.67, the price-to-book (PB) ratio of 3.22, and the price-to-cash flow ratio of 32.58 may also be considered.

Financial Health

In the three months ended April 29, Salesforce Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 29 was 0.16, and the total debt-to-equity ratio was 0.18. On the profitability front, the trailing twelve-month gross margin is 73.10% percent. In the year ended April 29, operating margins totaled 0.60%. Based on annual data, CRM earned $19.47 billion in gross profit and brought in $26.49 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.60%. Return on equity (ROE) for the past 12 months was 1.70%.

In Salesforce Inc.’s quarter-end financial report for April 29, it reported total debt of $9.6 billion against cash and short-term investments of $6.64 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CRM’s revenue rose 19.54% to $2.09 billion during the quarter, while net income inched up to $7.41 billion. While analysts expected Salesforce Inc. to report $0.94 quarterly earnings, the actual figure was $0.98 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $1.32 billion in EBITDA. The liabilities of Salesforce Inc. were 34.15 billion at the end of its most recent quarter ended April 29, and its total debt was $14.38 billion. The value of shareholders’ equity is $995.0 million.

Technical Picture

This quick technical analysis looks at Salesforce Inc.’s (CRM) price momentum. With a historical volatility rate of 42.90%, the RSI 9-day stood at 68.19% on 04 August.

With respect to its five-day moving average, the current Salesforce Inc. price is up by +5.50% percent or $9.98. At present, CRM shares trade +8.28% above its 20-day simple moving average and -3.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately +19.31% above its SMA50 and -34.43% below its SMA200.

Stochastic coefficient K was 94.17% and Stochastic coefficient D was 90.14%, while ATR was 6.41. Given the Stochastic reading of 98.73% for the 14-day period, the RSI (14) reading has been calculated as 62.70%. As of today, the MACD Oscillator reading stands at 5.90, while the 14-day reading stands at 7.31.

Analyst Ratings

ROTH Capital upgraded its rating on Salesforce Inc. (NYSE: CRM) to a Buy in a note to investors on May 18, 2022. The analysts firm previously had a Neutral rating on the stock.Salesforce Inc. (CRM) has been rated Buy by analysts. According to 0 brokerage firms, CRM is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Salesforce Inc. stock as buy, with 40 recommending it as overweight.

With a median target price of $235.00, the current consensus forecast for the stock is $175.00 – $340.00. Based on these forecasts, analysts predict Salesforce Inc. (CRM) will achieve an average price target of $241.44.


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