The stock of Salesforce Inc (NYSE: CRM) has increased by 0.36 when compared to last closing price of 301.18.Despite this, the company has seen a loss of -1.79% in its stock price over the last five trading days. CNBC reported 2024-04-01 that Microsoft’s decision to untie its Teams communications app from Office bundles is a potential boon for rivals Zoom and Salesforce.
Is It Worth Investing in Salesforce Inc (NYSE: CRM) Right Now?
Salesforce Inc (NYSE: CRM) has a higher price-to-earnings ratio of 71.88x compared to its average ratio, The 36-month beta value for CRM is at 1.28. Analysts have varying views on the stock, with 25 analysts rating it as a “buy,” 16 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for CRM is 939.73M, and currently, shorts hold a 1.13% of that float. The average trading volume for CRM on April 02, 2024 was 5.73M shares.
CRM’s Market Performance
The stock of Salesforce Inc (CRM) has seen a -1.79% decrease in the past week, with a -2.12% drop in the past month, and a 13.81% gain in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.05% for CRM. The simple moving average for the past 20 days is -0.82% for CRM’s stock, with a 25.39% simple moving average for the past 200 days.
Analysts’ Opinion of CRM
Robert W. Baird, on the other hand, stated in their research note that they expect to see CRM reach a price target of $300, previously predicting the price at $240. The rating they have provided for CRM stocks is “Outperform” according to the report published on January 11th, 2024.
Morgan Stanley gave a rating of “Overweight” to CRM, setting the target price at $350 in the report published on December 21st of the previous year.
CRM Trading at 2.67% from the 50-Day Moving Average
After a stumble in the market that brought CRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.16% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -4.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.13% upper at present.
During the last 5 trading sessions, CRM fell by -1.79%, which changed the moving average for the period of 200-days by +44.64% in comparison to the 20-day moving average, which settled at $304.04. In addition, Salesforce Inc saw 14.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRM starting from Benioff Marc, who sale 15,000 shares at the price of $301.01 back on Mar 28 ’24. After this action, Benioff Marc now owns 13,026,166 shares of Salesforce Inc, valued at $4,515,164 using the latest closing price.
Benioff Marc, the Chair and CEO of Salesforce Inc, sale 15,000 shares at $301.45 during a trade that took place back on Mar 27 ’24, which means that Benioff Marc is holding 13,041,166 shares at $4,521,824 based on the most recent closing price.
Stock Fundamentals for CRM
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.73 for the gross margin
The net margin for Salesforce Inc stands at 0.12. The total capital return value is set at 0.09. Equity return is now at value 7.01, with 4.03 for asset returns.
Based on Salesforce Inc (CRM), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.99. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 48.19.
Currently, EBITDA for the company is 11.88 billion with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 8.6. The receivables turnover for the company is 3.05for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In conclusion, Salesforce Inc (CRM) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
