Salesforce Inc [NYSE: CRM] loss -2.21% or -5.82 points to close at $257.37 with a heavy trading volume of 6527986 shares.
The daily chart for CRM points out that the company has recorded 2.44% gains over the past six months.
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If we look at the average trading volume of 8.27M shares, CRM reached to a volume of 6527986 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $299.67 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 1.58. 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.
Oppenheimer have made an estimate for Salesforce Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 30, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on March 21, 2024, representing the official price target for Salesforce Inc stock. Previously, the target price had yet another raise from $240 to $300, while Robert W. Baird kept a Outperform rating on CRM stock. On December 21, 2023, analysts increased their price target for CRM shares from 290 to 350.
The Average True Range (ATR) for Salesforce Inc is set at 6.86, with the Price to Sales ratio for CRM stock in the period of the last 12 months amounting to 6.98. The Price to Book ratio for the last quarter was 4.19, with the Price to Cash per share for the same quarter was set at 18.24. Price to Free Cash Flow for CRM in the course of the last twelve months was 22.00 with Quick ratio for the last quarter at 1.03.
Trading performance analysis for CRM stock
Salesforce Inc [CRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.11. With this latest performance, CRM shares gained by 8.81% in over the last four-week period, additionally plugging by 2.44% over the last 6 months – not to mention a rise of 22.48% 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 54.88, with the RSI for the last a single of trading hit 59.51, and the three-weeks RSI is set at 51.35 for Salesforce Inc [CRM]. The present Moving Average for the last 50 days of trading for this stock 259.04, while it was recorded at 258.78 for the last single week of trading, and 258.28 for the last 200 days.
Salesforce Inc [CRM]: A deeper dive into fundamental analysis
Salesforce Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.03 and a Current Ratio set at 1.03.
Salesforce Inc [CRM]: An earnings per share (EPS) analysis
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 16.24%.
An analysis of Institutional ownership at Salesforce Inc [CRM]
The top three institutional holders of CRM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CRM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CRM stock with ownership which is approximately 5.1238%.
