Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
The price of Salesforce Inc (NYSE: CRM) closed at $276.32 in the last session, down -0.39% from day before closing price of $277.41. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 4.2 million shares were traded. CRM stock price reached its highest trading level at $278.9678 during the session, while it also had its lowest trading level at $274.84.
Ratios:
We take a closer look at CRM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.20.
On January 11, 2024, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $240 to $300.
Morgan Stanley Upgraded its Equal-Weight to Overweight on December 21, 2023, whereas the target price for the stock was revised from $290 to $350.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 16 ’24 when Benioff Marc sold 41,394 shares for $275.66 per share. The transaction valued at 11,410,612 led to the insider holds 12,872,327 shares of the business.
Harris Parker sold 10,064 shares of CRM for $2,774,985 on Apr 16 ’24. The Co-Founder and CTO, Slack now owns 111,652 shares after completing the transaction at $275.73 per share. On Apr 16 ’24, another insider, Weaver Amy E, who serves as the President and CFO of the company, sold 5,864 shares for $274.77 each. As a result, the insider received 1,611,266 and left with 45,231 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 268030410752 and an Enterprise Value of 267398397952. As of this moment, Salesforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.71, and their Forward P/E ratio for the next fiscal year is 24.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.69 while its Price-to-Book (P/B) ratio in mrq is 4.50. Its current Enterprise Value per Revenue stands at 7.671 whereas that against EBITDA is 28.999.
Stock Price History:
The Beta on a monthly basis for CRM is 1.29, which has changed by 0.3990178 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, CRM has reached a high of $318.71, while it has fallen to a 52-week low of $190.57. The 50-Day Moving Average of the stock is -7.28%, while the 200-Day Moving Average is calculated to be 12.24%.
Shares Statistics:
According to the various share statistics, CRM traded on average about 5.78M shares per day over the past 3-months and 5991940 shares per day over the past 10 days. A total of 971.00M shares are outstanding, with a floating share count of 939.80M. Insiders hold about 3.11% of the company’s shares, while institutions hold 81.66% stake in the company. Shares short for CRM as of 1711584000 were 9645300 with a Short Ratio of 1.67, compared to 1709164800 on 9228485. Therefore, it implies a Short% of Shares Outstanding of 9645300 and a Short% of Float of 1.0299999.
Dividends & Splits
The current Payout Ratio is 0.00% for CRM, which recently paid a dividend on 2024-03-13 with an ex-dividend date of 1710288000. Stock splits for the company last occurred on 2013-04-18 when the company split stock in a 4:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 35 different market analysts. On average, analysts expect EPS of $2.38 for the current quarter, with a high estimate of $2.42 and a low estimate of $2.29, while EPS last year was $1.69. The consensus estimate for the next quarter is $2.4, with high estimates of $2.49 and low estimates of $2.29.
Analysts are recommending an EPS of between $10.31 and $9.67 for the fiscal current year, implying an average EPS of $9.76. EPS for the following year is $11, with 43 analysts recommending between $12.1 and $8.92.
Revenue Estimates
A total of 43 analysts have provided revenue estimates for CRM’s current fiscal year. The highest revenue estimate was $38.72B, while the lowest revenue estimate was $37.75B, resulting in an average revenue estimate of $37.98B. In the same quarter a year ago, actual revenue was $34.86B, up 9.00% from the average estimate. Based on 43 analysts’ estimates, the company’s revenue will be $42.02B in the next fiscal year. The high estimate is $44.57B and the low estimate is $40.77B. The average revenue growth estimate for next year is up 10.60% from the average revenue estimate for this year.
