Salesforce Inc [CRM] stock prices are down -0.16% to $299.15 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CRM shares have gain 1.70% over the last week, with a monthly amount drifted -2.44%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Robert W. Baird upgraded its rating to Outperform on January 11, 2024, and elevated its price target to $300. On December 21, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $350 on the stock. Wells Fargo downgraded its rating to a Equal Weight but stick to its price target of $280 on December 20, 2023. Wolfe Research upgraded its rating to a Outperform but $315 remained the price target by the analyst firm on December 18, 2023. Oppenheimer reiterated a Outperform rating for this stock on November 30, 2023, and upped its price target to $275. In a note dated November 30, 2023, Needham reiterated an Buy rating on this stock and boosted its target price from $250 to $275.
The stock price of Salesforce Inc [CRM] has been fluctuating between $187.31 and $318.71 over the past year. Currently, Wall Street analysts expect the stock to reach $254.88 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $299.15 at the most recent close of the market. An investor can expect a potential drop of -14.8% based on the average CRM price forecast.
Analyzing the CRM fundamentals
The Salesforce Inc [NYSE:CRM] reported sales of 34.86B for trailing twelve months, representing a surge of 10.77%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 296.68 points at the first support level, and at 294.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 301.36, and for the 2nd resistance point, it is at 303.56.
Ratios To Look Out For
It’s worth pointing out that Salesforce Inc [NYSE:CRM]’s Current Ratio is 1.02. In addition, the Quick Ratio stands at 1.02 and the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 8.32, the price to book ratio is 4.87 and price to earnings (TTM) ratio is 71.14.
Transactions by insiders
Recent insider trading involved Benioff Marc, Chair and CEO, that happened on Apr 10 ’24 when 15000.0 shares were sold. Chair and CEO, Benioff Marc completed a deal on Apr 09 ’24 to sell 15000.0 shares. Meanwhile, Co-Founder and CTO, Slack Harris Parker sold 4200.0 shares on Apr 09 ’24.
