Salesforce Inc [CRM] stock is trading at $256.06, up 0.78%. 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 0.01% over the last week, with a monthly amount glided 4.49%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Salesforce Inc [NYSE: CRM] stock has seen the most recent analyst activity on May 30, 2024, when Oppenheimer reiterated its Outperform rating and also revised its price target to $280 from $325. On January 11, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $300 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $350 on December 21, 2023. Wells Fargo downgraded its rating to a Equal Weight but $280 remained the price target by the analyst firm on December 20, 2023. Wolfe Research upgraded its rating to Outperform for this stock on December 18, 2023, but kept the price target unchanged to $315. In a note dated November 30, 2023, Oppenheimer reiterated an Outperform rating on this stock and boosted its target price from $250 to $275.
Salesforce Inc [CRM] stock has fluctuated between $193.68 and $318.71 over the past year. Currently, Wall Street analysts expect the stock to reach $262.56 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $256.06 at the most recent close of the market. An investor can expect a potential return of 2.54% based on the average CRM price forecast.
Analyzing the CRM fundamentals
Salesforce Inc [NYSE:CRM] reported sales of 35.74B for the trailing twelve months, which represents a growth of 10.74%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 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 254.10 points at the first support level, and at 252.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 257.68, and for the 2nd resistance point, it is at 259.29.
Ratios To Look Out For
For context, Salesforce Inc’s Current Ratio is 1.03. In addition, the Quick Ratio stands at 1.03 and the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 6.94, the price to book ratio is 4.17 and price to earnings (TTM) ratio is 46.05.
Transactions by insiders
Recent insider trading involved SCHMAIER R DAVID, Pres. & Chief Product Officer, that happened on Jul 23 ’24 when 1155.0 shares were sold. President and COO, Millham Brian completed a deal on Jul 23 ’24 to sell 978.0 shares. Meanwhile, Co-Founder and CTO, Slack Harris Parker sold 897.0 shares on Jul 23 ’24.
