Morgan Stanley (NYSE:MS) saw a downside of -0.68% to close Tuesday at $88.47 after subtracting -$0.61 on the day. The 5-day average trading volume is 5,865,560 shares of the company’s common stock. It has gained $90.14 in the past week and touched a new high 1 time within the past 5 days. An average of 7,762,070 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,508,642.
MS’s 1-month performance is 6.08% or $5.11 on its low of $83.18 reached on 07/10/23. The company’s shares have touched a 52-week low of $74.67 and high of $100.99, with the stock’s rally to the 52-week high happening on 02/14/23. YTD, MS has achieved 4.06% or $3.45 and has reached a new high 11 times. However, the current price is down -12.40% from the 52-week high price.
Insider Transactions
MS stock investors last saw insider trading activity on Jul 24.GORMAN JAMES P (Chairman and CEO) most recently sold 125,000 shares at $95.19 per share on Jul 24. This transaction cost the insider $11,898,812. Co-President/Head of IS, PICK EDWARD N, sold 100,000 shares at a price of $94.33 on Jul 24. Then, on Jul 20, Head of Investment Management SIMKOWITZ DANIEL A sold 37,608 shares at a price of $93.78 per share. This transaction amounted to $3,526,852.
Valuation Metrics
MS stock has a beta of 1.33. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.78 while the price-to-book (PB) in the most recent quarter is 1.58.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.66, while the total debt to equity was 7.27.. In terms of profitability, the gross margin trailing 12 months is 60.70%. The firm’s gross profit as reported stood at $14.09 billion against revenue of $53.67 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected MS to announce $1.04 per share in earnings in its latest quarter, but it posted $1.13, representing a 8.70% surprise. EBITDA for the quarter stood at more than $3.73 billion. Shareholders hold equity totaling $1.66 billion.
Let’s look briefly at Morgan Stanley (MS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 37.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 8.30%.
The stock’s 5-day moving average is $88.96, reflecting a -2.72% or -$2.47 change from its current price. MS is currently trading +4.13% above its 20-day SMA, +3.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.59% and SMA200 by+13.95%.
Stochastic %K and %D was 17.27% and 23.04% and the average true range (ATR) pointed at 1.71. The RSI (14) points at 45.99%, while the 14-day stochastic is at 23.78% with the period’s ATR at 1.74. The stock’s 9-day MACD Oscillator is pointing at -1.40 and -2.80 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Morgan Stanley (NYSE: MS), Odeon upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for MS stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate MS as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 15 have offered a “buy” rating.
What is MS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $80.00 and a high of $112.00, with their median price target at $100.75. Looking at these predictions, the average price target given by analysts is for Morgan Stanley (MS) stock is $98.12.
