Morgan Stanley [NYSE: MS] plunged by -$2.32 during the normal trading session on Tuesday and reaching a high of $98.26 during the day while it closed the day at $96.06. The company report on March 6, 2023 that Morgan Stanley Announces a Successful Year of “The Equity Collective” a Diversity-Driven Collaboration Between 27 Wealth and Asset Management Firms.
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Morgan Stanley stock has also loss -0.46% of its value over the past 7 days. However, MS stock has inclined by 4.30% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.18% and gained 12.99% year-on date.
The market cap for MS stock reached $157.87 billion, with 1.65 billion shares outstanding and 1.31 billion shares in the current float. Compared to the average trading volume of 7.11M shares, MS reached a trading volume of 5325929 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Morgan Stanley [MS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MS shares is $101.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MS stock is a recommendation set at 2.40. 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.
Citigroup have made an estimate for Morgan Stanley shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 18, 2023. The new note on the price target was released on January 10, 2023, representing the official price target for Morgan Stanley stock. Previously, the target price had yet another raise to $92, while Wolfe Research analysts kept a Underperform rating on MS stock. On October 05, 2022, analysts decreased their price target for MS shares from 95 to 85.
The Average True Range (ATR) for Morgan Stanley is set at 1.84, with the Price to Sales ratio for MS stock in the period of the last 12 months amounting to 2.39. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 77.96.
MS stock trade performance evaluation
Morgan Stanley [MS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.46. With this latest performance, MS shares dropped by -3.39% in over the last four-week period, additionally plugging by 11.18% over the last 6 months – not to mention a rise of 11.23% 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 MS stock in for the last two-week period is set at 45.98, with the RSI for the last a single of trading hit 40.27, and the three-weeks RSI is set at 50.05 for Morgan Stanley [MS]. The present Moving Average for the last 50 days of trading for this stock 94.49, while it was recorded at 97.01 for the last single week of trading, and 86.45 for the last 200 days.
Earnings per share (EPS) analysis for Morgan Stanley [MS] stock
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 MS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Morgan Stanley go to 5.71%.
Morgan Stanley [MS]: Insider Ownership positions
There are presently around $136,476 million, or 63.80% of MS stock, in the hands of institutional investors. The top three institutional holders of MS stocks are: MITSUBISHI UFJ FINANCIAL GROUP INC with ownership of 377,085,167, which is approximately 0% of the company’s market cap and around 0.20% of the total institutional ownership; STATE STREET CORP, holding 120,747,195 shares of the stock with an approximate value of $11.6 billion in MS stocks shares; and VANGUARD GROUP INC, currently with $10.82 billion in MS stock with ownership of nearly -0.87% of the company’s market capitalization.
817 institutional holders increased their position in Morgan Stanley [NYSE:MS] by around 42,945,220 shares. Additionally, 730 investors decreased positions by around 55,493,677 shares, while 240 investors held positions by with 1,322,294,922 shares. The mentioned changes placed institutional holdings at 1,420,733,819 shares, according to the latest SEC report filing. MS stock had 202 new institutional investments in for a total of 4,682,551 shares, while 94 institutional investors sold positions of 4,476,811 shares during the same period.