As of close of business last night, Salesforce Inc’s stock clocked out at $302.42, down -0.44% from its previous closing price of $303.77. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 6780390 shares were traded. CRM stock price reached its highest trading level at $306.77 during the session, while it also had its lowest trading level at $301.75.
Ratios:
To gain a deeper understanding of CRM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.82. 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.
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 the company, Robert W. Baird on January 11, 2024, Upgraded its rating to Outperform and sets its target price to $300 from $240 previously.
On December 21, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $290 to $350.
Wells Fargo Downgraded its Overweight to Equal Weight on December 20, 2023, while the target price for the stock was maintained at $280.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when Benioff Marc sold 15,000 shares for $304.25 per share. The transaction valued at 4,563,702 led to the insider holds 13,266,166 shares of the business.
Benioff Marc sold 15,000 shares of CRM for $4,526,519 on Mar 05 ’24. The Chair and CEO now owns 13,281,166 shares after completing the transaction at $301.77 per share. On Mar 05 ’24, another insider, Harris Parker, who serves as the Co-Founder and CTO, Slack of the company, sold 4,200 shares for $302.12 each. As a result, the insider received 1,268,896 and left with 104,904 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 293.35B and an Enterprise Value of 291.74B. As of this moment, Salesforce’s Price-to-Earnings (P/E) ratio for their current fiscal year is 71.92, and their Forward P/E ratio for the next fiscal year is 27.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.40 while its Price-to-Book (P/B) ratio in mrq is 4.92. Its current Enterprise Value per Revenue stands at 8.37 whereas that against EBITDA is 29.30.
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 $170.00. The 50-Day Moving Average of the stock is 281.34, while the 200-Day Moving Average is calculated to be 233.74.
Shares Statistics:
It appears that CRM traded 5.82M shares on average per day over the past three months and 9.49M shares per day over the past ten days. A total of 971.00M shares are outstanding, with a floating share count of 937.60M. Insiders hold about 3.14% of the company’s shares, while institutions hold 81.90% stake in the company. Shares short for CRM as of Feb 15, 2024 were 7.79M with a Short Ratio of 1.34, compared to 9.75M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.80% and a Short% of Float of 0.83%.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 0.53%. The current Payout Ratio is 0.00% for CRM, which recently paid a dividend on Apr 11, 2024 with an ex-dividend date of Mar 13, 2024. Stock splits for the company last occurred on Apr 18, 2013 when the company split stock in a 4:1 ratio.
Earnings Estimates
As of right now, 32 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $2.37 for the current quarter, with a high estimate of $2.4 and a low estimate of $2.29, while EPS last year was $1.69. The consensus estimate for the next quarter is $2.39, 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 $9.75. EPS for the following year is $11, with 38 analysts recommending between $12.1 and $8.92.
Revenue Estimates
A total of 37 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 $37.97B. In the same quarter a year ago, actual revenue was $34.86B, up 8.90% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $41.97B 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 10.50% from the average revenue estimate for this year.
