Salesforce Inc. (NYSE: CRM) is -40.92% lower on its value in year-to-date trading and has touched a low of $147.51 and a high of $311.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRM stock was last observed hovering at around $147.63 in the last trading session, with the day’s gains setting it 2.52% off its average median price target of $219.00 for the next 12 months. It is also 53.08% off the consensus price target high of $320.00 offered by 48 analysts, but current levels are -0.1% lower than the price target low of $150.00 for the same period.
Currently trading at $150.15, the stock is -5.19% and -12.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.37 million and changing 1.71% at the moment leaves the stock -23.02% off its SMA200. CRM registered -42.07% loss for a year compared to 6-month loss of -28.88%.
The stock witnessed a -14.69% gain in the last 1 month and extending the period to 3 months gives it a -13.23%, and is -2.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.42% over the week and 3.12% over the month.
Salesforce Inc. (CRM) has around 73541 employees, a market worth around $153.39B and $29.32B in sales. Current P/E ratio is 280.65 and Fwd P/E is 26.58. Profit margin for the company is 1.80%. Distance from 52-week low is 1.79% and -51.84% from its 52-week high. The company has generated returns on investments over the last 12 months (0.60%).
Salesforce Inc. (CRM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Salesforce Inc. (CRM) is a “Buy”. 48 analysts offering their recommendations for the stock have an average rating of 1.90, where 7 rate it as a Hold and 4 think it is a “Overweight”. 37 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Salesforce Inc. is expected to release its quarterly report on 11/29/2022.The EPS is expected to shrink by -66.30% this year
Salesforce Inc. (CRM) Top Institutional Holders
The shares outstanding are 997.00M, and float is at 967.39M with Short Float at 1.24%.
Salesforce Inc. (CRM) Insider Activity
A total of 841 insider transactions have happened at Salesforce Inc. (CRM) in the last six months, with sales accounting for 678 and purchases happening 163 times. The most recent transaction is an insider sale by Benioff Marc, the company’s Chair and Co-CEO. SEC filings show that Benioff Marc sold 2,300 shares of the company’s common stock on Sep 21 at a price of $150.29 per share for a total of $0.35 million. Following the sale, the insider now owns 27.76 million shares.
Salesforce Inc. disclosed in a document filed with the SEC on Sep 20 that Benioff Marc (Chair and Co-CEO) sold a total of 2,300 shares of the company’s common stock. The trade occurred on Sep 20 and was made at $150.37 per share for $0.35 million. Following the transaction, the insider now directly holds 27.76 million shares of the CRM stock.
Still, SEC filings show that on Sep 19, Benioff Marc (Chair and Co-CEO) disposed off 2,300 shares at an average price of $151.79 for $0.35 million. The insider now directly holds 27,761,368 shares of Salesforce Inc. (CRM).
Salesforce Inc. (CRM): Who are the competitors?
The company’s main competitors (and peers) include Microsoft Corporation (MSFT) that is trading -19.29% down over the past 12 months and Alphabet Inc. (GOOG) that is -28.64% lower over the same period. Alphabet Inc. (GOOGL) is -28.62% down on the 1-year trading charts.