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Morgan Stanley (MS) Is Worth Accumulating At Current Levels

Morgan Stanley (NYSE:MS) at last check was buoying at $81.77 on Friday, September 23, with a fall of -3.54% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $84.77 and 5Y monthly beta was reading 1.37 with its price kept floating in the range of $84.27 and $87.25 on the day. Company’s P/E ratio for the trailing 12 months is 11.46. Considering stock’s 52-week price range provides that MS hit a high price of $109.73 and saw its price falling to a low level of $72.05 during that period. Over a period of past 1-month, stock came subtracting -4.00% in its value.

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With its current market valuation of $146.92 billion, Morgan Stanley is set to declare its quarterly results on Oct 14, 2022. MS Stock’s Forward Dividend of 3.10 and its yield of 3.66% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $30.31 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $133.03 for 2022 with estimates of that growing to $154.66 in next year. These estimates are suggesting current year growth of -18.70% for EPS and 16.30% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $266.69 billion. They suggested that in the process company could generate revenue of as low as $251.31 billion which could climb up to $284.55 billion to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.1T in 2022, which will be -9.80% less from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review MS stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the MS stock which is currently positioned at 7.21. It further provides that stock’s current price level is -6.08% away from its 20-day simple moving average and is -5.02% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 35.58 while volatility remained at 3.02% over the past week which changes to 2.67% when measuring it over the past month. Beta is valued at 1.36, while measure of average true range or ATR is currently at 2.34.

In comparing Morgan Stanley (MS)’s stock with other industry players reveals that stock’s latest price change of -3.54% and that of -15.90% over the past 12 months is in competing position with that of JPMorgan Chase & Co. (JPM) which saw its stock price fall by -2.81% in the recent trading and went through a decrease of -28.67% in past 12-month trading. Industry’s another major player Wells Fargo & Company (WFC) has fall -2.99% down in latest trading session, but over the past year has faced afall of -11.81%, while The Charles Schwab Corporation (SCHW) was also down -2.04% however its price remained floating in the green at 2.36% over the same period. Morgan Stanley has a P/E ratio of 11.46 against that of JPMorgan Chase & Co.’s 8.92 while Wells Fargo & Company is showing 9.96 for the same. On the other hand, the S&P 500 Index is down -1.70% in the early deals today while the Dow Jones Industrial was dealinglower at -1.45%.

Having a second look at Morgan Stanley (NYSE:MS) provides that stock’s average daily trading volume for 3 months was 7.84 million, while it jumped to 9.23 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 1.70 billion.

The percentage of outstanding shares held by the insiders is 0.10% while it is 63.50% for the institutional holders. The figures also indicate that as of Aug 30, 2022, number of stock’s short shares was 27.0 million which implies a short ratio of 4.07. This shows up a 1.57% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 19.61 million in the previous month. Subtraction of -13.64% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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