Salesforce Inc. [CRM] is -43.12% lower this YTD. Is it still time to buy?

Salesforce Inc. [NYSE: CRM] stock went on a downward path that fall over -1.66% on Friday, amounting to a one-week price decrease of less than -5.73%. The company report on December 1, 2022 that RBC Wealth Management’s U.S. Business Increases Efficiency, Delivers on Client Expectations with Salesforce.


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Using Salesforce, RBC Wealth Management is driving success and reducing maintenance costs.

Salesforce (NYSE: CRM), the global leader in CRM, today announced that RBC Wealth Management, a division of RBC Capital Markets, LLC, is using Salesforce to drive success with significant cost savings and efficiency across multiple areas of its business, while continuing to deliver on client and advisor expectations.

Over the last 12 months, CRM stock dropped by -44.66%. The one-year Salesforce Inc. stock forecast points to a potential upside of 28.59. The average equity rating for CRM stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $147.00 billion, with 997.00 million shares outstanding and 965.51 million shares in the current float. Compared to the average trading volume of 7.56M shares, CRM stock reached a trading volume of 15058068 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Salesforce Inc. [CRM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRM shares is $202.44 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 2.00. 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.

Wolfe Research have made an estimate for Salesforce Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on December 02, 2022. The new note on the price target was released on November 17, 2022, representing the official price target for Salesforce Inc. stock. Previously, the target price had yet another raise to $210, while Macquarie analysts kept a Outperform rating on CRM stock.

The Average True Range (ATR) for Salesforce Inc. is set at 6.71, with the Price to Sales ratio for CRM stock in the period of the last 12 months amounting to 4.85. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 11.72. Price to Free Cash Flow for CRM in the course of the last twelve months was 26.45 with Quick ratio for the last quarter at 1.10.

CRM Stock Performance Analysis:

Salesforce Inc. [CRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.73. With this latest performance, CRM shares dropped by -3.63% in over the last four-week period, additionally sinking by -21.82% over the last 6 months – not to mention a drop of -44.66% 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 43.34, with the RSI for the last a single of trading hit 40.56, and the three-weeks RSI is set at 44.67 for Salesforce Inc. [CRM]. The present Moving Average for the last 50 days of trading for this stock 151.68, while it was recorded at 151.44 for the last single week of trading, and 173.43 for the last 200 days.

Insight into Salesforce Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Salesforce Inc. [CRM] shares currently have an operating margin of +2.07 and a Gross Margin at +65.65. Salesforce Inc.’s Net Margin is presently recorded at +5.45.

Return on Equity for this stock inclined to 2.90, with Return on Assets sitting at 1.75.

Salesforce Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

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 Inc. go to 14.05%.

Salesforce Inc. [CRM] Insider Position Details

There are presently around $111,941 million, or 79.40% of CRM stock, in the hands of institutional investors. The top three institutional holders of CRM stocks are: VANGUARD GROUP INC with ownership of 80,449,523, which is approximately 1.391% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 68,810,159 shares of the stock with an approximate value of $9.95 billion in CRM stocks shares; and STATE STREET CORP, currently with $6.48 billion in CRM stock with ownership of nearly 1.324% of the company’s market capitalization.

Positions in Salesforce Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,009 institutional holders increased their position in Salesforce Inc. [NYSE:CRM] by around 49,957,021 shares. Additionally, 1,022 investors decreased positions by around 52,216,224 shares, while 212 investors held positions by with 672,181,191 shares. The mentioned changes placed institutional holdings at 774,354,436 shares, according to the latest SEC report filing. CRM stock had 120 new institutional investments in for a total of 12,637,085 shares, while 164 institutional investors sold positions of 4,364,759 shares during the same period.

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