Microsoft Corporation (NASDAQ:MSFT) shares, rose in value, with the stock price down by -6.05% to the previous day’s close as strong demand from buyers drove the stock to $406.35.
Actively observing the price movement in the last trading, the stock closed the session at $432.53, falling within a range of $406.3 and $416.065. The PE ratio was 34.43 over 12-month period. Referring to stock’s 52-week performance, its high was $468.35, and the low was $334.69. On the whole, MSFT has fluctuated by -2.58% over the past month.
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With the market capitalization of Microsoft Corporation currently standing at about $3020.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 3.00, with its dividend yield at 0.74%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 278.98B, with a low estimate of 68.87B and a high estimate of 71.26B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 69.83B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MSFT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.32, with the price of MSFT currently trading nearly -3.25% and -3.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.58, while the 7-day volatility ratio is showing 1.67% which for the 30-day chart, stands at 1.54%. Furthermore, Microsoft Corporation (MSFT)’s beta value is 0.90, and its average true range (ATR) is 8.21.
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 -6.05% in last session, and over the past year, it grew by 20.18%%.
Data on historical trading for Microsoft Corporation (NASDAQ:MSFT) indicates that the trading volumes over the past 10 days have averaged 22.31 and over the past 3 months, they’ve averaged 19.36 million. According to company’s latest data on outstanding shares, there are 7.43 billion shares outstanding.
Nearly 1.46% of Microsoft Corporation’s shares belong to company insiders and institutional investors own 72.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 60.31 million shares as on 2024-10-15, resulting in a short ratio of 3.26. According to the data, the short interest in Microsoft Corporation (MSFT) stood at 81.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 67.5 million. The stock has risen by 8.06% 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.
