In today’s recent session, 1,764,937 shares of the salesforce.com, inc.(NYSE:CRM) have been traded, and its beta is 1.09. Most recently the company’s share price was $222.35, and it changed around $1.26 or 0.01% from the last close, which brings the market valuation of the company to $203.97 Billion. CRM at last check was trading at a discount to its 52-week high of $284.5, offering almost -27.95% off that amount. The share price’s 52-week low was $144.51, which indicates that the recent value has risen by an impressive 35.01% since then. We note from salesforce.com, inc.’s average daily trading volume that its 10-day average is 6.25 Million shares, with the 3-month average coming to 7.42 Million.
salesforce.com, inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 43 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 10 recommended CRM as a Hold, whereas 30 deemed it a Buy, and no one rated it as Underweight. salesforce.com, inc. is expected to report earnings per share of $0.88 for the current quarter.
salesforce.com, inc. (NYSE:CRM): Trading Information Today
Instantly CRM has been showing a green trend so far today with a performance of 0.57% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $222.6 on Wednesday, Apr 07 increased the stock’s daily price by 0.14%. The company’s shares are currently down 0% year-to-date, but still up 0.0589 over the last five days. On the other hand, salesforce.com, inc. (NYSE:CRM) is 0.06% up in the 30-day period. We can see from the shorts that 19.75 Million shares have been sold at a short interest cover period of 2.66 day(s).
The consensus price target as assigned by Wall Street analysts is $274.33, which translates to bears needing to increase their stock price by 23.38% from its current value. Analyst projections state that CRM is forecast to be at a low of $200 and a high of $336. In order for the stock price to hit the forecast high, the stock would need to surge +51.11% from its current level, while the stock would need to crash -10.05% from its current level to reach the projected low.
salesforce.com, inc. (CRM) projections and forecasts
salesforce.com, inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -10.8 percent over the past six months and at a -30.08% annual growth rate that is well below the industry average of 2.1%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +25.7% in revenue this quarter, and will report a decline of -41% in the next quarter. The year-over-year growth rate is expected to be 21.2%, up from the previous year.
Consensus estimates provided by 29 financial analysts predict the company will bring in an average of $5.89 Billion in revenue for the current quarter. 31 analysts expect salesforce.com, inc. to make $6.16 Billion in revenue for the quarter ending July 01, 2021. The company’s sales for the same quarter a year ago was $4.85 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 21.5%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 129.3%. salesforce.com, inc. earnings are expected to decrease by -30.3% in 2021, but the outlook is positive 12.92% per year for the next five years.
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salesforce.com, inc. (NYSE:CRM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 3.61% of salesforce.com, inc. shares, and 81.58% of them are in the hands of institutional investors. The stock currently has a share float of 84.63%. salesforce.com, inc. stock is held by 2685 institutions, with FMR, LLC being the largest institutional investor. By Dec 30, 2020, it held 8.33% of the shares, which is about 76.73 Million shares worth $17.07 Billion.
Vanguard Group, Inc. (The), with 7.67% or 70.61 Million shares worth $15.71 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Fidelity Contrafund Inc were the top two Mutual Funds as of Dec 30, 2020. The former held 24352921 shares worth $5.42 Billion, making up 2.64% of all outstanding shares. On the other hand, Fidelity Contrafund Inc held roughly 19.3 Million shares worth around $4.18 Billion, which represents about 2.1% of the total shares outstanding.