Salesforce Inc (NYSE:CRM) finished Thursday with an addition of $0.47 to close at $203.20, an upside of 0.23 percent. An average of 4,357,600 shares of common stock have been traded in the last five days. There was a fall of -$5.41 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 5,468,705 shares traded, while the 50-day average volume stands at 4,900,750.
CRM stock has decreased by -4.13% in the last month. The company shares reached their 1-month lowest point of $199.55 on 09/28/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $126.34 and a high of $238.22 in 52 weeks. It has reached a new high 32 times so far this year and achieved 53.25% or $70.61 in price. In spite of this, the price is down -14.70% from the 52-week high.
Insider Transactions
CRM stock investors should be aware that Salesforce Inc (CRM) stock had its last reported insider trading activity 2 days ago on Sep 27. In this transaction, the insider spent $3,037,972. Chair and CEO, Benioff Marc, disposed of 15,000 shares at a price of $203.18 on Sep 26. The insider now owns more than $3,047,757 worth of shares. Prior to that, President and COO Millham Brian went on to Sale 1,663 shares at $205.47 each on Sep 26. An amount of $341,697 was transacted.
Valuation Metrics
Salesforce Inc (CRM) has a trailing price-to-earnings (P/E) ratio of 127.25. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.98, the price-to-book (PB) ratio at 3.41, and the price-to-cash flow ratio at 24.09.
Financial Health
The quick ratio of Salesforce Inc for the three months ended July 30 was 0.93, and the current ratio was 0.93, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.24 for the quarter ending July 30. Salesforce Inc’s EBITDA margin for the year ending July 30 is 23.32%, while its operating margin for the same period stands at 12.98%. Its gross profit as reported stood at $22.99 billion compared to revenue of $31.35 billion.
Earnings Surprise
For the three-month period that ended July 30, Salesforce Inc had $8.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.27 billion in the quarter, while revenues were grew 94.63%. The analyst consensus anticipated Salesforce Inc’s latest quarter earnings to come in at $1.9 per share, but it turned out to be $2.12, a 11.60% surprise. For the quarter, EBITDA amounted to $2.84 billion. Shareholders own equity worth $973.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Salesforce Inc (CRM) price momentum. RSI 9-day as of the close on 28 September was 25.32%, suggesting the stock is oversold, with historical volatility in this time frame at 13.60%.
As of today, CRM’s price is $204.24 -2.59% or -$5.41 from its 5-day moving average. CRM is currently trading -5.51% lower than its 20-day SMA and +2.84% higher than its 100-day SMA. However, the stock’s current price level is -13.30% below the SMA50 and +54.98% above the SMA200.
The stochastic %K and %D were 8.34% and 7.29%, respectively, and the average true range (ATR) was 4.20. With the 14-day stochastic at 13.38% and the average true range at 4.32, the RSI (14) stands at 33.07%. The stock has reached -5.36 on the 9-day MACD Oscillator while the 14-day reading was at -9.53.
Analyst Ratings
HSBC Securities launched coverage on Salesforce Inc (NYSE: CRM) in its analyst report released on September 15, 2023. The firm assigned the stock a Buy rating. The consensus rating for Salesforce Inc (CRM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CRM, while 14 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 33 others rate it as a “buy”.
What is CRM’s price target for the next 12 months?
Analysts predict a range of price targets between $159.00 and $340.00, with a median target of $260.00. Taking a look at these predictions, the average price target given by analysts for Salesforce Inc (CRM) stock is $257.72.
