Salesforce Inc. (NYSE:CRM) saw an upside of 2.05% to close Monday at $209.03 after adding $4.2 on the day. The 5-day average trading volume is 3,837,800 shares of the company’s common stock. It has gained $212.37 in the past week and touched a new high 1 time within the past 5 days. An average of 4,378,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,773,070.
CRM’s 1-month performance is -8.34% or -$19.03 on its low of $200.20 reached on 08/18/23. The company’s shares have touched a 52-week low of $126.34 and high of $238.22, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, CRM has achieved 57.65% or $76.44 and has reached a new high 32 times. However, the current price is down -12.25% from the 52-week high price.
Insider Transactions
CRM stock investors last saw insider trading activity on Aug 17.Benioff Marc (Chair and CEO) most recently sold 15,000 shares at $205.12 per share on Aug 17. This transaction cost the insider $3,076,807. Chair and CEO, Benioff Marc, sold 15,000 shares at a price of $208.23 on Aug 16. Then, on Aug 15, Chair and CEO Benioff Marc sold 15,000 shares at a price of $209.68 per share. This transaction amounted to $3,145,218.
Valuation Metrics
CRM stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.29 while the price-to-book (PB) in the most recent quarter is 3.57, with the price to cash flow ratio at 28.68.
Salesforce Inc.’s quick ratio for the period ended April 29 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.16, while the total debt to equity was 0.17. In terms of profitability, the gross margin trailing 12 months is 73.80%. The trailing 12-month EBITDA margin is 23.32% while for the period ending April 29, Salesforce Inc.’s operating margin was 2.40%. The firm’s gross profit as reported stood at $22.99 billion against revenue of $31.35 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 85.93% to $199.0 million, while revenue of $1.14 billion was -471.86% off the previous quarter. Analysts expected CRM to announce $1.61 per share in earnings in its latest quarter, but it posted $1.69, representing a 5.00% surprise. EBITDA for the quarter stood at more than $2.14 billion. CRM stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 36.13 billion, with total debt at $13.91 billion. Shareholders hold equity totaling $974.0 million.
Let’s look briefly at Salesforce Inc. (CRM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 43.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.31%.
The stock’s 5-day moving average is $206.69, reflecting a -1.43% or -$3.03 change from its current price. CRM is currently trading -7.37% above its 20-day SMA, +8.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.24% and SMA200 by+30.79%.
Stochastic %K and %D was 19.95% and 12.96% and the average true range (ATR) pointed at 4.56. The RSI (14) points at 42.99%, while the 14-day stochastic is at 38.98% with the period’s ATR at 4.66. The stock’s 9-day MACD Oscillator is pointing at -1.69 and -4.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Salesforce Inc. (NYSE: CRM), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for CRM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CRM as a “sell,”, while 15 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 31 have offered a “buy” rating.
What is CRM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $140.00 and a high of $329.00, with their median price target at $245.00. Looking at these predictions, the average price target given by analysts is for Salesforce Inc. (CRM) stock is $240.71.
