Analyzing Salesforce Inc. (CRM) By Technical Indicators


As of Thursday close, Salesforce Inc.’s (NYSE:CRM) stock was up $0.85, moving up 0.41 percent to $209.91. The average number of shares traded per day over the past five days has been 5,125,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.41 fall in that time frame. In the last twenty days, the average volume was 4,939,540, while in the previous 50 days, it was 5,431,880.

Since last month, CRM stock rose 9.60%. Shares of the company fell to $190.57 on 04/26/23, the lowest level in the past month. A 52-week high of $213.88 was reached on 05/18/23 after having rallying from a 52-week low of $126.34. Since the beginning of this year, CRM’s stock price has risen by 58.32% or $77.32, and marked a new high 25 times. However, the stock has declined by -1.86% since its 52-week high.

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CRM stock investors should be aware that Salesforce Inc. (CRM) stock had its last reported insider trading activity 3 days ago on May 23. Harris Parker, the Co-Founder and CTO of the company, disposed of 1,250 shares for $207.74 on May 23. It resulted in a $259,675 divestment by the insider. Harris Parker sold 1,250 shares at an average price of $201.93 on May 16. The insider now owns 100,309 shares following the transaction. On May 09, Co-Founder and CTO Harris Parker sold 1,250 shares at $196.78 apiece. The transaction was valued at $245,975.

Valuation Metrics

Right now, Salesforce Inc. (CRM) has a P/E ratio of about 1018.98. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 6.65, the price-to-book (PB) ratio of 3.54, and the price-to-cash flow ratio of 33.01 may also be considered.

Financial Health

In the three months ended January 30, 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 January 30 was 0.16, and the total debt-to-equity ratio was 0.18. On the profitability front, the trailing twelve-month gross margin is 73.30% percent. In the year ended January 30, EBITDA margin amounted to 23.32%, whereas operating margins totaled 1.70%. Based on annual data, CRM earned $22.99 billion in gross profit and brought in $31.35 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 0.10%. Return on equity (ROE) for the past 12 months was 0.40%.

In Salesforce Inc.’s quarter-end financial report for January 30, it reported total debt of $9.42 billion against cash and short-term investments of $5.49 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 40.81% to $7.84 billion during the quarter, while net income inched up to $3.52 billion. While analysts expected Salesforce Inc. to report $1.36 quarterly earnings, the actual figure was $1.68 per share, beating the consensus estimate by 23.50%. During the quarter, the company generated $1.83 billion in EBITDA. The liabilities of Salesforce Inc. were 40.49 billion at the end of its most recent quarter ended January 30, and its total debt was $14.88 billion. The value of shareholders’ equity is $1000.0 million.

Technical Picture

This quick technical analysis looks at Salesforce Inc.’s (CRM) price momentum. With a historical volatility rate of 19.90%, the RSI 9-day stood at 63.23% on 25 May.

With respect to its five-day moving average, the current Salesforce Inc. price is down by -1.60% percent or -$3.41. At present, CRM shares trade +7.13% above its 20-day simple moving average and +58.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.76% above its SMA50 and +15.18% above its SMA200.

Stochastic coefficient K was 74.34% and Stochastic coefficient D was 76.72%, while ATR was 4.26. Given the Stochastic reading of 77.70% for the 14-day period, the RSI (14) reading has been calculated as 62.99%.

With a median target price of $230.00, the current consensus forecast for the stock is $145.00 – $325.00. Based on these forecasts, analysts predict Salesforce Inc. (CRM) will achieve an average price target of $228.07.


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