In today’s recent session, 3.1 million shares of the Microsoft Corporation (NASDAQ:MSFT) have been traded, and its beta is 0.89. Most recently the company’s share price was $448.37, and it changed around $5.04 or 1.14% from the last close, which brings the market valuation of the company to $3333.58B. MSFT at last check was trading at a discount to its 52-week high of $468.35, offering almost -4.46% off that amount. The share price’s 52-week low was $364.13, which indicates that the recent value has risen by an impressive 18.79% since then. We note from Microsoft Corporation’s average daily trading volume that its 10-day average is 20.07 million shares, with the 3-month average coming to 20.29 million.
Microsoft Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.26. If we narrow it down even further, the data shows that 0 out of 55 analysts rate the stock as a Sell; another 13 rate it as Overweight. Among the rest, 5 recommended MSFT as a Hold, whereas 37 deemed it a Buy, and 0 rated it as Underweight.
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Microsoft Corporation (NASDAQ:MSFT) trade information
Instantly MSFT has been showing a green trend so far today with a performance of 1.14% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 449.62 on recent trading dayincreased the stock’s daily price by 0.28%. The company’s shares are currently up 19.23% year-to-date, but still up 2.50% over the last five days. On the other hand, Microsoft Corporation (NASDAQ:MSFT) is 7.26% up in the 30-day period. We can see from the shorts that 63.09 million shares have been sold at a short interest cover period of 2.67 day(s).
The consensus price target as assigned by Wall Street analysts is $500, which translates to bulls needing to increase their stock price by 10.33% from its current value. Analyst projections state that MSFT is forecast to be at a low of $425 and a high of $600.
Microsoft Corporation (MSFT) estimates and forecasts
Microsoft Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.66 percent over the past six months and at a 9.58% annual growth rate that is well below the industry average of 17.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.45%. Microsoft Corporation earnings are expected to increase by 11.04% in 2024, but the outlook is positive 13.74% per year for the next five years.
MSFT Dividends
Microsoft Corporation’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 0.69 percent and its annual dividend per share was 3.08. It is important to note, however, that the 0.69% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.87 per year.
Microsoft Corporation (NASDAQ:MSFT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.06% of Microsoft Corporation shares, and 73.54% of them are in the hands of institutional investors. The stock currently has a share float of 73.58%. Microsoft Corporation stock is held by 6974.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.0958% of the shares, which is about 675.91 million shares worth $302.1 billion.
BLACKROCK INC., with 7.4549% or 553.98 million shares worth $247.6 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.