Salesforce Inc (NYSE:CRM) shares, rose in value, with the stock price down by -1.40% to the previous day’s close as strong demand from buyers drove the stock to $325.25.
Actively observing the price movement in the recent trading, the stock is buoying the session at $329.85, falling within a range of $323.635 and $328.5. The value of beta (5-year monthly) is 1.288 whereas the PE ratio is 53.51 over 12-month period. Referring to stock’s 52-week performance, its high was $369.00, and the low was $212.00. On the whole, CRM has fluctuated by 1.27% over the past month.
With the market capitalization of Salesforce Inc currently standing at about $311.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 0.49%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 3.38, with the price of CRM currently trading nearly -3.20% and -3.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.38, while the 7-day volatility ratio is showing 2.33% which for the 30-day chart, stands at 2.76%. Furthermore, Salesforce Inc (CRM)’s beta value is 1.34, and its average true range (ATR) is 9.54.
A comparison of Salesforce Inc (CRM) with its peers suggests the former has fared considerably weaker in the market. CRM showed an intraday change of -1.40% in today’s session so far, and over the past year, it grew by 15.68%%.
Data on historical trading for Salesforce Inc (NYSE:CRM) indicates that the trading volumes over the past 10 days have averaged 6.21 and over the past 3 months, they’ve averaged 6.59 million. According to company’s latest data on outstanding shares, there are 956.00 million shares outstanding.
Nearly 2.60% of Salesforce Inc’s shares belong to company insiders and institutional investors own 82.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.52 million shares as on 2024-11-15, resulting in a short ratio of 2.69. According to the data, the short interest in Salesforce Inc (CRM) stood at 146.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 13.14 million. The stock has fallen by -2.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRM stock heading into the next quarter.
