In today’s recent session, 0.74 million shares of the Salesforce Inc (NYSE:CRM) have been traded, and its beta is 1.30. Most recently the company’s share price was $253.47, and it changed around -$1.72 or -0.67% from the last close, which brings the market valuation of the company to $242.32B. CRM at last check was trading at a discount to its 52-week high of $318.71, offering almost -25.74% off that amount. The share price’s 52-week low was $193.68, which indicates that the recent value has risen by an impressive 23.59% since then. We note from Salesforce Inc’s average daily trading volume that its 10-day average is 4.9 million shares, with the 3-month average coming to 6.12 million.
Salesforce Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.66. 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 2.19 for the current quarter.
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Salesforce Inc (NYSE:CRM) trade information
Instantly CRM has been showing red trend so far today with a performance of -0.67% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 259.37 on recent trading dayincreased the stock’s daily price by 2.27%. The company’s shares are currently down -3.67% year-to-date, but still up 1.56% over the last five days. On the other hand, Salesforce Inc (NYSE:CRM) is -4.49% down in the 30-day period. We can see from the shorts that 11.97 million shares have been sold at a short interest cover period of 2.13 day(s).
The consensus price target as assigned by Wall Street analysts is $280, which translates to bulls needing to increase their stock price by 9.47% from its current value. Analyst projections state that CRM is forecast to be at a low of $119 and a high of $350.
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 fallen -15.92 percent over the past six months and at a 22.38% annual growth rate that is well above the industry average of 11.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 11.70% in revenue this quarter, and will report an increase of 3.90% in the next quarter. The year-over-year growth rate is expected to be -2.40%, down from the previous year.
Consensus estimates provided by 36 financial analysts predict the company will bring in an average of 8.4B in revenue for the current quarter. 35 analysts expect Salesforce Inc to make 9.03B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -2.70%.
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 22.87% in 2024, but the outlook is positive 16.23% per year for the next five years.
CRM Dividends
Salesforce Inc’s next quarterly earnings report is expected to be released on 2024-Nov-27. The annual dividend yield of the stock is 0.32 percent and its annual dividend per share was 0.80. It is important to note, however, that the 0.32% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Salesforce Inc (NYSE:CRM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.64% of Salesforce Inc shares, and 83.43% of them are in the hands of institutional investors. The stock currently has a share float of 85.69%. Salesforce Inc stock is held by 3553.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.8935% of the shares, which is about 86.27 million shares worth $22.18 billion.
BLACKROCK INC., with 7.6884% or 74.58 million shares worth $19.17 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 29.08 shares worth $7.36 billion, making up 3.04% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 24.93 shares worth around $6.31 billion, which represents about 2.61% of the total shares outstanding.
