Morgan Stanley (NYSE: MS)’s stock price has decreased by -0.78 compared to its previous closing price of 92.83. However, the company has seen a 0.02% increase in its stock price over the last five trading sessions. Proactive Investors reported 2024-04-29 that Proxy shareholder advisor Glass Lewis has urged Morgan Stanley (NYSE:MS) shareholders to vote against an executive pay proposal at the next annual general meeting on 23 May. The AGM will be the first in 14 years without James Gorman as chief executive, who handed the reins over to Ted Pick and moved to the chairman role in January.
Is It Worth Investing in Morgan Stanley (NYSE: MS) Right Now?
The price-to-earnings ratio for Morgan Stanley (NYSE: MS) is above average at 16.78x. The 36-month beta value for MS is also noteworthy at 1.40. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 3 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for MS is 1.25B, and at present, short sellers hold a 1.28% of that float. The average trading volume of MS on April 30, 2024 was 8.32M shares.
MS’s Market Performance
MS’s stock has seen a 0.02% increase for the week, with a -2.18% drop in the past month and a 5.12% gain in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 2.22% for Morgan Stanley The simple moving average for the last 20 days is 0.77% for MS stock, with a simple moving average of 7.63% for the last 200 days.
Analysts’ Opinion of MS
Many brokerage firms have already submitted their reports for MS stocks, with Keefe Bruyette repeating the rating for MS by listing it as a “Mkt Perform.” The predicted price for MS in the upcoming period, according to Keefe Bruyette is $91 based on the research report published on January 17, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see MS reach a price target of $87, previously predicting the price at $94. The rating they have provided for MS stocks is “Neutral” according to the report published on January 17th, 2024.
HSBC Securities gave a rating of “Hold” to MS, setting the target price at $96 in the report published on January 09th of the current year.
MS Trading at 2.91% from the 50-Day Moving Average
After a stumble in the market that brought MS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.62% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -1.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.52% upper at present.
During the last 5 trading sessions, MS rose by +0.02%, which changed the moving average for the period of 200-days by +6.84% in comparison to the 20-day moving average, which settled at $91.34. In addition, Morgan Stanley saw -1.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MS starting from GORMAN JAMES P, who sale 100,000 shares at the price of $90.21 back on Apr 18 ’24. After this action, GORMAN JAMES P now owns 414,870 shares of Morgan Stanley, valued at $9,020,530 using the latest closing price.
Smith Charles Aubrey III, the Chief Risk Officer of Morgan Stanley, sale 11,200 shares at $90.09 during a trade that took place back on Apr 17 ’24, which means that Smith Charles Aubrey III is holding 126,190 shares at $1,009,019 based on the most recent closing price.
Stock Fundamentals for MS
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.77 for the gross margin
The net margin for Morgan Stanley stands at 0.15. Equity return is now at value 9.12, with 0.76 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
In summary, Morgan Stanley (MS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
