Microsoft Corporation [MSFT] is 14.01% higher this YTD. Is it still time to buy?

Microsoft Corporation [NASDAQ: MSFT] plunged by -$0.63 during the normal trading session on while it closed the day at $428.74. The company report on March 19, 2024 at 8:00 AM that Google, Microsoft, and Nucor announce a new initiative to aggregate demand to scale the adoption of advanced clean electricity technologies.

The companies will work to address barriers to early-stage commercial project deployment.

Google LLC, Microsoft Corporation, and Nucor Corporation today announced they will work together across the electricity ecosystem to develop new business models and aggregate their demand for advanced clean electricity technologies. These models will be designed to accelerate the development of first-of-a-kind (FOAK) and early commercial projects, including advanced nuclear, next-generation geothermal, clean hydrogen, long-duration energy storage (LDES) and others. As a first step, the companies will issue an RFI in several US regions for potential projects in need of offtake, and encourage technology providers, developers, investors, utilities and others interested in responding to get in touch here.

Microsoft Corporation stock has also gained 2.96% of its value over the past 7 days. However, MSFT stock has inclined by 15.68% in the 3 months of the year. Over the past six months meanwhile, it has gained 34.18% and gained 14.01% year-on date.

The market cap for MSFT stock reached $3185.73 billion, with 7.43 billion shares outstanding and 7.32 billion shares in the current float. Compared to the average trading volume of 22.72M shares, MSFT reached a trading volume of 17234110 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 Microsoft Corporation [MSFT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MSFT shares is $470.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MSFT stock is a recommendation set at 1.21. 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.

KeyBanc Capital Markets have made an estimate for Microsoft Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 21, 2024. The new note on the price target was released on January 18, 2024, representing the official price target for Microsoft Corporation stock.

The Average True Range (ATR) for Microsoft Corporation is set at 7.06, with the Price to Sales ratio for MSFT stock in the period of the last 12 months amounting to 14.00. The Price to Book ratio for the last quarter was 13.37, with the Price to Cash per share for the same quarter was set at 10.90. Price to Free Cash Flow for MSFT in the course of the last twelve months was 47.23 with Quick ratio for the last quarter at 1.20.

MSFT stock trade performance evaluation

Microsoft Corporation [MSFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.96. With this latest performance, MSFT shares gained by 4.15% in over the last four-week period, additionally plugging by 34.18% over the last 6 months – not to mention a rise of 57.46% 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 MSFT stock in for the last two-week period is set at 64.24, with the RSI for the last a single of trading hit 67.47, and the three-weeks RSI is set at 62.66 for Microsoft Corporation [MSFT]. The present Moving Average for the last 50 days of trading for this stock 407.94, while it was recorded at 424.41 for the last single week of trading, and 359.70 for the last 200 days.

Microsoft Corporation [MSFT]: An insightful look at the core fundamentals

Microsoft Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.22.

Earnings per share (EPS) analysis for Microsoft Corporation [MSFT] stock

With the latest financial reports released by the company, Microsoft Corporation posted 2.45/share EPS, while the average EPS was predicted by analysts to be reported at 2.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.90%. 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 MSFT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Microsoft Corporation go to 16.30%.

Microsoft Corporation [MSFT]: Institutional Ownership

There are presently around $2.57 trillion, or None% of MSFT stock, in the hands of institutional investors. The top three institutional holders of MSFT 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 MSFT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MSFT stock with ownership which is approximately 5.8325%.