Morgan Stanley (NYSE:MS) saw a downside of -0.75% to close Monday at $84.25 after subtracting -$0.64 on the day. The 5-day average trading volume is 6,940,300 shares of the company’s common stock. It has gained $86.90 in the past week and touched a new high 3 times within the past 5 days. An average of 5,997,090 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,269,560.
MS’s 1-month performance is -10.38% or -$9.76 on its low of $83.66 reached on 08/21/23. 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 lost -0.91% or -$0.77 and has reached a new high 11 times. However, the current price is down -16.58% 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 1.70 while the price-to-book (PB) in the most recent quarter is 1.50.
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 $1.15 per share in earnings in its latest quarter, but it posted $1.24, representing a 7.80% 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 21 August was 17.05% to suggest the stock is trending oversold, with historical volatility in this time period at 6.48%.
The stock’s 5-day moving average is $85.42, reflecting a -3.53% or -$3.08 change from its current price. MS is currently trading -11.01% above its 20-day SMA, -0.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.39% and SMA200 by+0.63%.
Stochastic %K and %D was 6.76% and 6.25% and the average true range (ATR) pointed at 1.57. The RSI (14) points at 29.34%, while the 14-day stochastic is at 9.10% with the period’s ATR at 1.62. The stock’s 9-day MACD Oscillator is pointing at -1.39 and -2.32 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.
