Microsoft Corporation (NASDAQ:MSFT) shares, rose in value on Wednesday, 05/24/23, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $313.85.
Actively observing the price movement in the last trading, the stock closed the session at $315.26, falling within a range of $312.61 and $316.50. The value of beta (5-year monthly) was 0.93 whereas the PE ratio was 34.02 over 12-month period. Referring to stock’s 52-week performance, its high was $322.72, and the low was $213.43. On the whole, MSFT has fluctuated by 13.95% over the past month.
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With the market capitalization of Microsoft Corporation currently standing at about $2334.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jul 24, 2023 – Jul 28, 2023. The company’s Forward Dividend Ratio is 2.72, with its dividend yield at 0.87%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.56, which is expected to increase to $2.87 for fiscal year $9.67 and then to about $10.92 by fiscal year 2024. Data indicates that the EPS growth is expected to be 5.00% in 2024, while the next year’s EPS growth is forecast to be 12.90%.
Analysts have estimated the company’s revenue for the quarter at $55.44 billion, with a low estimate of $55.05 billion and a high estimate of $56.2 billion. According to the average forecast, sales growth in current quarter could jump up 6.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $211.3 billion, representing an increase of 6.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MSFT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.71, with the price of MSFT currently trading nearly 1.33% and 7.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.82, while the 7-day volatility ratio is showing 1.50% which for the 30-day chart, stands at 1.61%. Furthermore, Microsoft Corporation (MSFT)’s beta value is 0.92, and its average true range (ATR) is 5.32.
A comparison of Microsoft Corporation (MSFT) with its peers suggests the former has fared considerably weaker in the market. MSFT showed an intraday change of -0.45% in last session, and over the past year, it grew by 20.41%%. In comparison, Apple Inc. (AAPL) has moved higher at 0.16% on the day and was up 20.08% over the past 12 months. On the other hand, the price of Alphabet Inc. (GOOG) has fallen -1.34% on the day. The stock, however, is off 8.93% from where it was a year ago. Additionally, there is a loss of -1.35% for Alphabet Inc. (GOOGL) in last trading while the stock has seen an overall depriciation of 8.44%% over the past year. The PE ratio stands at 34.02 for Microsoft Corporation, compared to 29.19 for Apple Inc., and 25.55 for Alphabet Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.73%. Meanwhile, the Dow Jones Industrial Slipped by -0.77%.
Data on historical trading for Microsoft Corporation (NASDAQ:MSFT) indicates that the trading volumes over the past 10 days have averaged 25.18 million and over the past 3 months, they’ve averaged 28.87 million. According to company’s latest data on outstanding shares, there are 7.44 billion shares outstanding.
Nearly 0.05% of Microsoft Corporation’s shares belong to company insiders and institutional investors own 72.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 44.31 million shares as on Apr 27, 2023, resulting in a short ratio of 1.55. According to the data, the short interest in Microsoft Corporation (MSFT) stood at 0.60% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 41.11 million. The stock has risen by 30.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MSFT stock heading into the next quarter.
