During the recent session, Microsoft Corporation (NASDAQ:MSFT)’s traded shares were 3.74 million, with the beta value of the company hitting 0.90. At the last check today, the stock’s price was $416.04, reflecting an intraday gain of 0.71% or $2.92. The 52-week high for the MSFT share is $468.35, that puts it down -12.57 from that peak though still a striking 25.62% gain since the share price plummeted to a 52-week low of $309.45. The company’s market capitalization is $3092.44B, and the average intraday trading volume over the past 10 days was 16.69 million shares, and the average trade volume was 20.11 million shares over the past three months.
Microsoft Corporation (MSFT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.28. MSFT has a Sell rating from 2 analyst(s) out of 40 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 34 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 3.1.
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Microsoft Corporation (NASDAQ:MSFT) trade information
Microsoft Corporation (MSFT) registered a 0.71% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.71% in intraday trading to $416.04, hitting a weekly high. The stock’s 5-day price performance is -0.18%, and it has moved by -0.26% in 30 days. Based on these gigs, the overall price performance for the year is 26.54%. The short interest in Microsoft Corporation (NASDAQ:MSFT) is 54.79 million shares and it means that shorts have 2.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $475, which implies an increase of 12.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $232 and $600 respectively. As a result, MSFT is trading at a discount of -44.22% off the target high and 44.24% off the low.
Microsoft Corporation (MSFT) estimates and forecasts
Statistics show that Microsoft Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Microsoft Corporation (MSFT) shares have gone up 0.13% during the last six months, with a year-to-date growth rate less than the industry average at 10.51% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 13.60% this quarter and then jump 9.90% in the quarter after that. In the rating firms’ projections, revenue will increase 13.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 64.5B as predicted by 31 analyst(s). Meanwhile, a consensus of 31 analyst(s) estimates revenue growth to 69.79B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.45%. While earnings are projected to return 12.02% in 2024, the next five years will return 14.60% per annum.
MSFT Dividends
Microsoft Corporation is due to release its next quarterly earnings on 2024-Oct-22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Microsoft Corporation is 3.00, with the dividend yield indicating at 0.72 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.91%.
Microsoft Corporation (NASDAQ:MSFT)’s Major holders
Microsoft Corporation insiders own 0.05% of total outstanding shares while institutional holders control 73.72%, with the float percentage being 73.76%. VANGUARD GROUP INC is the largest shareholder of the company, while 6914.0 institutions own stock in it. As of 2024-06-30, the company held over 675.91 million shares (or 9.0958% of all shares), a total value of $302.1 billion in shares.
The next largest institutional holding, with 553.98 million shares, is of BLACKROCK INC.’s that is approximately 7.4549% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $247.6 billion.
