Salesforce Inc [CRM] stock prices are up 1.39% to $249.57 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRM shares have gain 0.76% over the last week, with a monthly amount drifted -0.69%, and not 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 August 29, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $305 from $265. Previously, Oppenheimer reaffirmed its Outperform rating on May 30, 2024, and dropped its price target to $280. On March 21, 2024, KeyBanc Capital Markets initiated with a Sector Weight rating. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $300 on January 11, 2024. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $350 on December 21, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on December 20, 2023, but kept the price target unchanged to $280. In a note dated December 18, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $315.
The stock price of Salesforce Inc [CRM] has been fluctuating between $193.68 and $318.71 over the past year. Currently, Wall Street analysts expect the stock to reach $257.51 within the next 12 months. Salesforce Inc [NYSE: CRM] shares were valued at $249.57 at the most recent close of the market. An investor can expect a potential return of 3.18% based on the average CRM price forecast.
Analyzing the CRM fundamentals
The Salesforce Inc [NYSE:CRM] reported sales of 36.47B for trailing twelve months, representing a surge of 8.39%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.19%, 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 0.1 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.
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 244.38 points at the first support level, and at 239.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 252.39, and for the 2nd resistance point, it is at 255.21.
Ratios To Look Out For
It’s worth pointing out that Salesforce Inc [NYSE:CRM]’s Current Ratio is 0.95. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 6.54, the price to book ratio is 4.15 and price to earnings (TTM) ratio is 43.45.
Transactions by insiders
Recent insider trading involved Harris Parker, Co-Founder and CTO, Slack, that happened on Sep 10 ’24 when 2800.0 shares were sold. Officer, SABASTIAN NILES completed a deal on Sep 11 ’24 to buy 2484.0 shares. Meanwhile, Co-Founder and CTO, Slack Harris Parker sold 3528.0 shares on Sep 03 ’24.
