Salesforce Inc [NYSE: CRM] stock went on a downward path that fall over -0.79% on Tuesday, amounting to a one-week price decrease of less than -0.66%.
Over the last 12 months, CRM stock rose by 67.11%. The one-year Salesforce Inc stock forecast points to a potential upside of 1.19. The average equity rating for CRM stock is currently 1.64, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $276.68 billion, with 1.01 billion shares outstanding and 937.13 million shares in the current float. Compared to the average trading volume of 5.72M shares, CRM stock reached a trading volume of 4206811 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 $289.26 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 1.64. 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.
Robert W. Baird have made an estimate for Salesforce Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 11, 2024.
The Average True Range (ATR) for Salesforce Inc is set at 5.49, with the Price to Sales ratio for CRM stock in the period of the last 12 months amounting to 8.15. The Price to Book ratio for the last quarter was 4.77, with the Price to Cash per share for the same quarter was set at 12.26. Price to Free Cash Flow for CRM in the course of the last twelve months was 31.40 with Quick ratio for the last quarter at 0.95.
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 -0.66. With this latest performance, CRM shares gained by 13.82% in over the last four-week period, additionally plugging by 32.29% over the last 6 months – not to mention a rise of 67.11% 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 65.37, with the RSI for the last a single of trading hit 63.67, and the three-weeks RSI is set at 66.13 for Salesforce Inc [CRM]. The present Moving Average for the last 50 days of trading for this stock 263.28, while it was recorded at 284.90 for the last single week of trading, and 224.11 for the last 200 days.
Insight into Salesforce Inc Fundamentals:
Salesforce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 0.95.
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 26.77%.
Salesforce Inc [CRM] Institutonal Ownership Details
The top three institutional holders of CRM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CRM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CRM stock with ownership which is approximately 5.8325%.
