As of Wednesday close, Salesforce Inc.’s (NYSE:CRM) stock was down -$2.67, moving down -1.24 percent to $213.03. The average number of shares traded per day over the past five days has been 5,101,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.77 fall in that time frame. In the last twenty days, the average volume was 5,668,680, while in the previous 50 days, it was 5,089,254.
Since last month, CRM stock rose 1.91%. Shares of the company fell to $204.22 on 08/21/23, the lowest level in the past month. A 52-week high of $238.22 was reached on 07/19/23 after having rallying from a 52-week low of $126.34. Since the beginning of this year, CRM’s stock price has risen by 60.67% or $80.44, and marked a new high 32 times. However, the stock has declined by -10.57% 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 2 days ago on Sep 19. Benioff Marc, the Chair and CEO of the company, disposed of 15,000 shares for $214.52 on Sep 19. It resulted in a $3,217,856 divestment by the insider. Harris Parker sold 1,250 shares at an average price of $214.39 on Sep 19. The insider now owns 101,790 shares following the transaction. On Sep 18, Chair and CEO Benioff Marc sold 15,000 shares at $215.05 apiece. The transaction was valued at $3,225,703.
Valuation Metrics
Right now, Salesforce Inc. (CRM) has a P/E ratio of about 133.39. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 6.39, the price-to-book (PB) ratio of 3.58, and the price-to-cash flow ratio of 27.95 may also be considered.
Financial Health
In the three months ended July 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 July 30 was 0.15, and the total debt-to-equity ratio was 0.16. On the profitability front, the trailing twelve-month gross margin is 74.50% percent. In the year ended July 30, EBITDA margin amounted to 23.32%, whereas operating margins totaled 6.10%. 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 2.70%.
In Salesforce Inc.’s quarter-end financial report for July 30, it reported total debt of $8.42 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 10.26% to $8.25 billion during the quarter, while net income inched up to $8.6 billion. While analysts expected Salesforce Inc. to report $1.9 quarterly earnings, the actual figure was $2.12 per share, beating the consensus estimate by 11.60%. During the quarter, the company generated $2.84 billion in EBITDA. The liabilities of Salesforce Inc. were 34.37 billion at the end of its most recent quarter ended July 30, and its total debt was $13.9 billion. The value of shareholders’ equity is $973.0 million.
Technical Picture
This quick technical analysis looks at Salesforce Inc.’s (CRM) price momentum. With a historical volatility rate of 15.08%, the RSI 9-day stood at 38.68% on 20 September.
With respect to its five-day moving average, the current Salesforce Inc. price is down by -2.64% percent or -$5.77. At present, CRM shares trade +3.03% above its 20-day simple moving average and +8.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.68% below its SMA50 and +44.92% above its SMA200.
Stochastic coefficient K was 25.04% and Stochastic coefficient D was 34.82%, while ATR was 4.16. Given the Stochastic reading of 4.66% for the 14-day period, the RSI (14) reading has been calculated as 44.08%. As of today, the MACD Oscillator reading stands at -4.05, while the 14-day reading stands at -4.96.
Analyst Ratings
HSBC Securities launched its rating on Salesforce Inc. (NYSE: CRM) to a Buy in a note to investors on September 15, 2023. Salesforce Inc. (CRM) has been rated Overweight by analysts. According to 0 brokerage firms, CRM is a sell, and 14 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 4 analysts rate Salesforce Inc. stock as buy, with 33 recommending it as overweight.
With a median target price of $260.00, the current consensus forecast for the stock is $159.00 – $340.00. Based on these forecasts, analysts predict Salesforce Inc. (CRM) will achieve an average price target of $257.72.
