salesforce.com inc. [NYSE: CRM] stock went on an upward path that rose over 1.92% on Tuesday, amounting to a one-week price increase of more than 2.66%. The company report on October 5, 2021 that MuleSoft Recognized as a Leader in New Enterprise iPaaS Independent Report.
MuleSoft receives the highest score in capabilities to ease integration deployment criteria.
MuleSoft, provider of the world’s #1 integration and API platform, announced that Forrester has recognized the company as a Leader in the Forrester Wave™: Enterprise iPaaS, Q4 2021. The report can be accessed at www.mulesoft.com/lp/reports/forrester-wave-ipaas.
Over the last 12 months, CRM stock rose by 4.47%. The one-year salesforce.com inc. stock forecast points to a potential upside of 6.18. The average equity rating for CRM stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $275.25 billion, with 933.00 million shares outstanding and 892.78 million shares in the current float. Compared to the average trading volume of 6.10M shares, CRM stock reached a trading volume of 5913993 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on salesforce.com inc. [CRM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRM shares is $297.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRM stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for salesforce.com inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 24, 2021. While these analysts kept the previous recommendation, Monness Crespi & Hardt raised their target price from $300 to $328. The new note on the price target was released on September 24, 2021, representing the official price target for salesforce.com inc. stock. Previously, the target price had yet another raise to $325, while Wells Fargo analysts kept a Overweight rating on CRM stock. On August 26, 2021, analysts increased their price target for CRM shares from 280 to 300.
The Average True Range (ATR) for salesforce.com inc. is set at 5.96, with the Price to Sales ratio for CRM stock in the period of the last 12 months amounting to 11.69. The Price to Book ratio for the last quarter was 4.69, with the Price to Cash per share for the same quarter was set at 9.78. Price to Free Cash Flow for CRM in the course of the last twelve months was 50.32 with Quick ratio for the last quarter at 0.90.
CRM Stock Performance Analysis:
salesforce.com inc. [CRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.66. With this latest performance, CRM shares gained by 9.79% in over the last four-week period, additionally plugging by 22.36% over the last 6 months – not to mention a rise of 4.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRM stock in for the last two-week period is set at 62.13, with the RSI for the last a single of trading hit 64.10, and the three-weeks RSI is set at 61.20 for salesforce.com inc. [CRM]. The present Moving Average for the last 50 days of trading for this stock 261.60, while it was recorded at 275.02 for the last single week of trading, and 237.19 for the last 200 days.
Insight into salesforce.com inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and salesforce.com inc. [CRM] shares currently have an operating margin of +2.14 and a Gross Margin at +67.27. salesforce.com inc.’s Net Margin is presently recorded at +19.16.
Return on Total Capital for CRM is now 1.03, given the latest momentum, and Return on Invested Capital for the company is 9.42. Return on Equity for this stock inclined to 10.80, with Return on Assets sitting at 6.71. When it comes to the capital structure of this company, salesforce.com inc. [CRM] has a Total Debt to Total Equity ratio set at 15.45. Additionally, CRM Total Debt to Total Capital is recorded at 13.38, with Total Debt to Total Assets ending up at 9.67. Long-Term Debt to Equity for the company is recorded at 13.52, with the Long-Term Debt to Total Capital now at 11.71.
Reflecting on the efficiency of the workforce at the company, salesforce.com inc. [CRM] managed to generate an average of $71,936 per employee. Receivables Turnover for the company is 2.86 with a Total Asset Turnover recorded at a value of 0.35.salesforce.com inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
CRM Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for salesforce.com inc. go to 10.37%.
salesforce.com inc. [CRM] Insider Position Details
There are presently around $213,861 million, or 76.10% of CRM stock, in the hands of institutional investors. The top three institutional holders of CRM stocks are: VANGUARD GROUP INC with ownership of 74,611,992, which is approximately 0.412% of the company’s market cap and around 0.20% of the total institutional ownership; FMR LLC, holding 68,810,106 shares of the stock with an approximate value of $19.2 billion in CRM stocks shares; and BLACKROCK INC., currently with $17.58 billion in CRM stock with ownership of nearly -6.313% of the company’s market capitalization.
Positions in salesforce.com inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 1,215 institutional holders increased their position in salesforce.com inc. [NYSE:CRM] by around 58,459,895 shares. Additionally, 807 investors decreased positions by around 33,682,709 shares, while 235 investors held positions by with 674,384,418 shares. The mentioned changes placed institutional holdings at 766,527,022 shares, according to the latest SEC report filing. CRM stock had 200 new institutional investments in for a total of 12,727,631 shares, while 112 institutional investors sold positions of 6,117,776 shares during the same period.