The stock of Morgan Stanley (NYSE:MS) decreased by -$0.37 on Monday to finish at $87.33, down -0.42 percent. The last five days have seen an average of 4,786,260 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $2.31. The average number of shares traded over the last 20 days was 7,098,925, while the average volume over the last 50 days totaled 7,254,748.
MS stock appreciated 1.81% since last month. On 07/17/23, the company’s shares reached a one-month low of $85.68. The stock touched a high of $100.99 on 02/14/23, after rallying from a low of $74.67 in 52 weeks. The price of MS stock has risen by 2.72% or $2.31 this year, reaching a new high 11 times. Still, the stock price is down -13.53% from the 52-week high.
Insider Transactions
MS stock investors should be aware that Morgan Stanley (MS) stock had its last reported insider trading activity 22 days ago on Jul 24. On Jul 24, Chairman and CEO GORMAN JAMES P sold 125,000 shares at $95.19 each. This transaction resulted in the insider making $11,898,812. On Jul 24, PICK EDWARD N sold 100,000 shares at a price of US$94.33. After the transaction, the insider now owns 604,845 shares. Head of Investment Management SIMKOWITZ DANIEL A had earlier sold 37,608 shares on Jul 20 for $93.78 a share. The transaction was completed for $3,526,852.
Valuation Metrics
Morgan Stanley (MS) has a trailing price-to-earnings (P/E) ratio of 15.39. Beta for the stock is 1.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.75, the price-to-book (PB) ratio of 1.56.
Company paid $0.85 per share in dividends, an increase of 9.68% from $0.7750 last year. A $0.0750 dividend increase was reported on Tuesday July 18 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.66, and the total debt to equity ratio is 7.27. As far as profitability goes, gross margin for the trailing twelve months is 60.70% percent. Morgan Stanley’s operating margin stood at 15.40% for the same period. Based on annual data, it had gross profit of $14.09 billion and revenue of $53.67 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MS’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 1.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.30%.
Earnings Surprise
According to Morgan Stanley’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Morgan Stanley’s quarterly earnings would be $1.24, but it ended up being $1.15, beating the consensus by 7.80%. EBITDA was $3.73 billion for the quarter. At the end of Morgan Stanley’s most recent quarter ended June 29, its total debt was $356.76 billion. Equity owned by shareholders amounts to $1.66 billion.
Technical Picture
Here’s a quick look at Morgan Stanley’s (MS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 31.69%, suggesting the stock is Neutral, with a 9.10% historical volatility rate.
The stochastic %K and %D were 14.16% and 15.50% respectively, while the average true range (ATR) was 1.58. Based on the 14-day stochastic reading of 12.09%, the RSI (14) reading is 41.33%. On the 9-day MACD Oscillator, the stock is at -0.78, and the 14-day reading is at -2.11.
Analyst Ratings
In its most recent analyst report, Odeon raised its rating on Morgan Stanley (NYSE: MS) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Morgan Stanley (MS) an Overweight rating. MS is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.
What is MS’s price target for the next 12 months?
The current consensus forecast for the stock is between $80.00 and $112.00, with a median target price of $100.75. In analyzing these forecasts, the average price target given by analysts for Morgan Stanley (MS) is $98.12.
