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Salesforce Inc (NYSE: CRM) closed the day trading at $260.51 up 1.69% from the previous closing price of $256.19. In other words, the price has increased by $1.69 from its previous closing price. On the day, 4.76 million shares were traded. CRM stock price reached its highest trading level at $261.22 during the session, while it also had its lowest trading level at $256.935.
Ratios:
For a better understanding of CRM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.27. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on May 30, 2024, Reiterated its Outperform rating but revised its target price to $280 from $325 previously.
Robert W. Baird Upgraded its Neutral to Outperform on January 11, 2024, whereas the target price for the stock was revised from $240 to $300.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 02 ’24 when Harris Parker sold 4,200 shares for $256.24 per share. The transaction valued at 1,076,196 led to the insider holds 116,693 shares of the business.
Millham Brian sold 2,018 shares of CRM for $524,680 on Jun 28 ’24. The President and COO now owns 0 shares after completing the transaction at $260.00 per share. On Jun 27 ’24, another insider, Harris Parker, who serves as the Co-Founder and CTO, Slack of the company, sold 5,600 shares for $250.17 each. As a result, the insider received 1,400,945 and left with 116,693 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRM now has a Market Capitalization of 252860563456 and an Enterprise Value of 248582553600. As of this moment, Salesforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.85, and their Forward P/E ratio for the next fiscal year is 23.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.06 while its Price-to-Book (P/B) ratio in mrq is 4.24. Its current Enterprise Value per Revenue stands at 6.955 whereas that against EBITDA is 27.014.
Stock Price History:
Over the past 52 weeks, CRM has reached a high of $318.71, while it has fallen to a 52-week low of $193.68. The 50-Day Moving Average of the stock is 0.22%, while the 200-Day Moving Average is calculated to be 1.13%.
Shares Statistics:
Over the past 3-months, CRM traded about 8.22M shares per day on average, while over the past 10 days, CRM traded about 9027170 shares per day. A total of 971.00M shares are outstanding, with a floating share count of 943.61M. Insiders hold about 2.62% of the company’s shares, while institutions hold 82.55% stake in the company. Shares short for CRM as of 1718323200 were 10027037 with a Short Ratio of 1.22, compared to 1715731200 on 9672121. Therefore, it implies a Short% of Shares Outstanding of 10027037 and a Short% of Float of 1.0699999999999998.
Dividends & Splits
CRM’s forward annual dividend rate is 0.40, up from 0.4 a year ago. Against a Trailing Annual Dividend Yield of 0.0015613412
