Currently, Microsoft Corporation [MSFT] is trading at $423.26, down -0.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MSFT shares have gain 0.67% over the last week, with a monthly amount glided 4.63%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, Cloud Software Group and Microsoft Sign Eight-Year Strategic Partnership to Bring Joint Cloud Solutions and Generative AI to More Than 100 Million People. In a post published today on Yahoo Finance, Today, Cloud Software Group, Inc. and Microsoft Corp. announced they are deepening their collaboration through an eight-year strategic partnership agreement. The collaboration will strengthen the go-to-market collaboration for the Citrix® virtual application and desktop platform and support the development of new cloud and AI solutions with an integrated product roadmap. Additionally, Cloud Software Group will make a $1.65 billion commitment to the Microsoft cloud and its generative AI capabilities.
From an analyst’s perspective:
Microsoft Corporation [NASDAQ: MSFT] stock has seen the most recent analyst activity on March 21, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $490. Previously, Exane BNP Paribas upgraded its rating to Outperform on January 18, 2024, and kept the price target unchanged to $471. On December 13, 2023, Truist initiated with a Buy rating. China Renaissance started tracking the stock assigning a Buy rating and suggested a price target of $466 on December 05, 2023. HSBC Securities upgraded its rating to a Buy and raised its price target to $413 on October 26, 2023. Loop Capital started tracking with a Buy rating for this stock on October 17, 2023, and assigned it a price target of $425. In a note dated September 25, 2023, Guggenheim upgraded an Neutral rating on this stock.
This stock has fluctuated between a low of $275.37 and a high of $430.82 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $378.75 within the next 12 months. Microsoft Corporation [NASDAQ: MSFT] shares were valued at $423.26 at the most recent close of the market. An investor can expect a potential drop of -10.52% based on the average MSFT price forecast.
Analyzing the MSFT fundamentals
Trailing Twelve Months sales for Microsoft Corporation [NASDAQ:MSFT] were 227.58B which represents 17.58% growth. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.38 and Total Capital is 0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.31.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 420.63 points at the first support level, and at 418.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 424.96, and for the 2nd resistance point, it is at 426.66.
Microsoft Corporation [MSFT] reported earnings per share of $2.93 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.78/share, meaning a difference of $0.15 and a surprise factor of 5.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.73 per share as compared to estimates of $2.42 per share, a difference of $0.31 representing a surprise of 12.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Microsoft Corporation [NASDAQ:MSFT] is 1.22. Also, the Quick Ratio is 1.20, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 13.82, the price to book ratio is 13.20 and price to earnings (TTM) ratio is 38.28.
Transactions by insiders
Recent insider trading involved Hogan Kathleen T, EVP, Chief Human Resources Off, that happened on Mar 11 ’24 when 21955.0 shares were sold. EVP, Chief Commercial Officer, Althoff Judson completed a deal on Mar 11 ’24 to sell 10000.0 shares. Meanwhile, Chief Executive Officer Nadella Satya sold 1276.0 shares on Mar 01 ’24.
