As of Wednesday close, Morgan Stanley’s (NYSE:MS) stock was down -$1.37, moving down -1.55 percent to $87.14. The average number of shares traded per day over the past five days has been 8,455,979 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.11 fall in that time frame. In the last twenty days, the average volume was 6,809,445, while in the previous 50 days, it was 6,982,904.
Since last month, MS stock rose 3.43%. Shares of the company fell to $82.74 on 08/25/23, the lowest level in the past month. A 52-week high of $100.99 was reached on 02/14/23 after having rallying from a 52-week low of $74.67. Since the beginning of this year, MS’s stock price has risen by 2.49% or $2.12, and marked a new high 11 times. However, the stock has declined by -13.71% since its 52-week high.
MS stock investors should be aware that Morgan Stanley (MS) stock had its last reported insider trading activity 59 days ago on Jul 24. GORMAN JAMES P, the Chairman and CEO of the company, disposed of 125,000 shares for $95.19 on Jul 24. It resulted in a $11,898,812 divestment by the insider. PICK EDWARD N sold 100,000 shares at an average price of $94.33 on Jul 24. The insider now owns 604,845 shares following the transaction. On Jul 20, Head of Investment Management SIMKOWITZ DANIEL A sold 37,608 shares at $93.78 apiece. The transaction was valued at $3,526,852.
Valuation Metrics
Right now, Morgan Stanley (MS) has a P/E ratio of about 15.35. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 1.76, the price-to-book (PB) ratio of 1.55.
The latest dividend of $0.85 per share was paid out, which is 9.68% more than last year’s $0.7750. On Tuesday July 18 2023, a $0.0750 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.66, and the total debt-to-equity ratio was 7.27. On the profitability front, the trailing twelve-month gross margin is 60.70% percent. In the year ended June 29, operating margins totaled 15.40%. Based on annual data, MS earned $14.09 billion in gross profit and brought in $53.67 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 1.50%. Return on equity (ROE) for the past 12 months was 10.30%.
In Morgan Stanley’s quarter-end financial report for June 29, it reported total debt of $247.97 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Morgan Stanley to report $1.15 quarterly earnings, the actual figure was $1.24 per share, beating the consensus estimate by 7.80%. During the quarter, the company generated $3.73 billion in EBITDA. The value of shareholders’ equity is $1.66 billion.
Technical Picture
This quick technical analysis looks at Morgan Stanley’s (MS) price momentum. With a historical volatility rate of 23.34%, the RSI 9-day stood at 53.62% on 20 September.
With respect to its five-day moving average, the current Morgan Stanley price is down by -0.13% percent or -$0.11. At present, MS shares trade +5.01% above its 20-day simple moving average and -3.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.57% above its SMA50 and -6.30% below its SMA200.
Stochastic coefficient K was 80.18% and Stochastic coefficient D was 87.50%, while ATR was 1.69. Given the Stochastic reading of 62.66% for the 14-day period, the RSI (14) reading has been calculated as 52.84%. As of today, the MACD Oscillator reading stands at 1.11, while the 14-day reading stands at 1.92.
Analyst Ratings
HSBC Securities launched its rating on Morgan Stanley (NYSE: MS) to a Buy in a note to investors on September 07, 2023. Morgan Stanley (MS) has been rated Overweight by analysts. According to 1 brokerage firm, MS is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Morgan Stanley stock as buy, with 14 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $80.00 – $112.00. Based on these forecasts, analysts predict Morgan Stanley (MS) will achieve an average price target of $97.70.
