The price-to-earnings ratio for Salesforce Inc (NYSE: CRM) is above average at 51.05x, Company’s 36-month beta value is 1.30.Analysts have differing opinions on the stock, with 25 analysts rating it as a “buy,” 16 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for CRM is 930.80M, and currently, short sellers hold a 1.41% ratio of that floaft. The average trading volume of CRM on October 28, 2024 was 5.27M shares.
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CRM) stock’s latest price update
Salesforce Inc (NYSE: CRM)’s stock price has increased by 0.96 compared to its previous closing price of 290.46. However, the company has seen a 0.67% increase in its stock price over the last five trading sessions. youtube.com reported 2024-10-27 that Autonomous agents are emerging as the newest frontier in artificial intelligence, with tech giants Microsoft (MSFT) and Salesforce (CRM) leading the charge with their latest releases. Yahoo Finance Reporter Akiko Fujita breaks down the key distinctions between these advanced autonomous agents and traditional chatbots, explaining their enhanced capabilities, complex decision-making abilities, and broader applications across industries.
CRM’s Market Performance
Salesforce Inc (CRM) has seen a 0.67% rise in stock performance for the week, with a 6.00% gain in the past month and a 13.69% surge in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 1.88% for CRM. The simple moving average for the last 20 days is 1.98% for CRM stock, with a simple moving average of 7.54% for the last 200 days.
Analysts’ Opinion of CRM
Many brokerage firms have already submitted their reports for CRM stocks, with Northland Capital repeating the rating for CRM by listing it as a “Outperform.” The predicted price for CRM in the upcoming period, according to Northland Capital is $400 based on the research report published on October 02, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see CRM reach a price target of $325, previously predicting the price at $268. The rating they have provided for CRM stocks is “Overweight” according to the report published on September 24th, 2024.
BMO Capital Markets gave a rating of “Outperform” to CRM, setting the target price at $305 in the report published on August 29th of the current year.
CRM Trading at 8.39% 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 -7.99% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.61% upper at present.
During the last 5 trading sessions, CRM rose by +0.73%, which changed the moving average for the period of 200-days by +8.13% in comparison to the 20-day moving average, which settled at $287.55. In addition, Salesforce Inc saw 11.44% 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 Millham Brian, who sale 969 shares at the price of $286.56 back on Oct 24 ’24. After this action, Millham Brian now owns 0 shares of Salesforce Inc, valued at $277,677 using the latest closing price.
BRIAN MILLHAM, the Officer of Salesforce Inc, proposed sale 969 shares at $286.56 during a trade that took place back on Oct 24 ’24, which means that BRIAN MILLHAM is holding shares at $277,677 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
- 0.72 for the gross margin
The net margin for Salesforce Inc stands at 0.15. The total capital return value is set at 0.1. Equity return is now at value 9.73, with 6.10 for asset returns.
Based on Salesforce Inc (CRM), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.32. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is -98.5.
Currently, EBITDA for the company is 11.88 billion with net debt to EBITDA at 0.52. When we switch over and look at the enterprise to sales, we see a ratio of 7.85. The receivables turnover for the company is 6.76for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In a nutshell, Salesforce Inc (CRM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
