Salesforce Inc (NYSE: CRM) has a higher price-to-earnings ratio of 58.21x compared to its average ratio, The 36-month beta value for CRM is at 1.30. Analysts have varying views on the stock, with 25 analysts rating it as a “buy,” 15 rating it as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for CRM is 931.84M, and currently, shorts hold a 1.26% of that float. The average trading volume for CRM on December 16, 2024 was 6.02M shares.
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CRM) stock’s latest price update
Salesforce Inc (NYSE: CRM) has seen a decline in its stock price by -0.13 in relation to its previous close of 354.31. However, the company has experienced a 0.65% gain in its stock price over the last five trading sessions. marketbeat.com reported 2024-12-16 that CRM, or customer relationship management, is a hot industry. It is supported by the persistent shift to digitization and the rapid advancement of technology, including AI.
CRM’s Market Performance
Salesforce Inc (CRM) has experienced a 0.65% rise in stock performance for the past week, with a 6.69% rise in the past month, and a 38.66% rise in the past quarter. The volatility ratio for the week is 2.66%, and the volatility levels for the past 30 days are at 2.51% for CRM. The simple moving average for the past 20 days is 3.06% for CRM’s stock, with a 26.27% simple moving average for the past 200 days.
Analysts’ Opinion of CRM
Many brokerage firms have already submitted their reports for CRM stocks, with KeyBanc Capital Markets repeating the rating for CRM by listing it as a “Overweight.” The predicted price for CRM in the upcoming period, according to KeyBanc Capital Markets is $440 based on the research report published on December 13, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see CRM reach a price target of $370. The rating they have provided for CRM stocks is “Neutral” according to the report published on December 12th, 2024.
BMO Capital Markets gave a rating of “Outperform” to CRM, setting the target price at $425 in the report published on December 04th of the current year.
CRM Trading at 11.29% 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 -4.11% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares surge +8.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.89% upper at present.
During the last 5 trading sessions, CRM rose by +0.59%, which changed the moving average for the period of 200-days by +11.60% in comparison to the 20-day moving average, which settled at $343.32. In addition, Salesforce Inc saw 34.47% 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 Niles Sabastian, who sale 548 shares at the price of $341.98 back on Nov 26 ’24. After this action, Niles Sabastian now owns 1,011 shares of Salesforce Inc, valued at $187,405 using the latest closing price.
SABASTIAN NILES, the Officer of Salesforce Inc, proposed sale 548 shares at $341.98 during a trade that took place back on Nov 26 ’24, which means that SABASTIAN NILES is holding shares at $187,405 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
- 0.77 for the gross margin
The net margin for Salesforce Inc stands at 0.21. The total capital return value is set at 0.1. Equity return is now at value 10.18, with 6.51 for asset returns.
Based on Salesforce Inc (CRM), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 4.19.
Currently, EBITDA for the company is 9.22 billion with net debt to EBITDA at -0.64. When we switch over and look at the enterprise to sales, we see a ratio of 8.95. The receivables turnover for the company is 7.84for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In conclusion, Salesforce Inc (CRM) has had a better performance lately. Opinion on the stock among analysts is bullish, 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.
