In today’s recent session, 2.41 million shares of the Salesforce Inc (NYSE:CRM) have been traded, and its beta is 1.29. Most recently the company’s share price was $273.92, and it changed around $0.11 or 0.04% from the last close, which brings the market valuation of the company to $265.71B. CRM at last check was trading at a discount to its 52-week high of $318.71, offering almost -16.35% off that amount. The share price’s 52-week low was $190.57, which indicates that the recent value has risen by an impressive 30.43% since then. We note from Salesforce Inc’s average daily trading volume that its 3-month average coming to 5.75 million.
Salesforce Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 45 analysts rate the stock as a Sell; another 16 rate it as Overweight. Among the rest, 3 recommended CRM as a Hold, whereas 25 deemed it a Buy, and 1 rated it as Underweight. Salesforce Inc is expected to report earnings per share of $2.23 for the current quarter.
Salesforce Inc (NYSE:CRM) trade information
Instantly CRM has been showing a green trend so far today with a performance of 0.04% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 4.10% year-to-date, but still down -1.26% over the last five days. On the other hand, Salesforce Inc (NYSE:CRM) is -11.00% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $256.88, which translates to bulls needing to decrease their stock price by -6.63% from its current value. Analyst projections state that CRM is forecast to be at a low of $119 and a high of $675.
Salesforce Inc (CRM) estimates and forecasts
Salesforce Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 34.45 percent over the past six months and at a 18.13% annual growth rate that is well above the industry average of 15.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 32.00% in revenue this quarter, and will report an increase of 6.10% in the next quarter. The year-over-year growth rate is expected to be 2.20%, up from the previous year.
Consensus estimates provided by 34 financial analysts predict the company will bring in an average of $8.58 billion in revenue for the current quarter. 35 analysts expect Salesforce Inc to make $8.76 billion in revenue for the quarter ending Jul 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 24.06%. Salesforce Inc earnings are expected to increase by 19.16% in 2024, but the outlook is positive 16.22% per year for the next five years.
CRM Dividends
Salesforce Inc’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 0.15 percent and its annual dividend per share was 0.40. It is important to note, however, that the 0.15% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
