Morgan Stanley (NYSE:MS) Stock Is up 34.73% From Its Low, This Stock Is Just Warming Up

The trading price of Morgan Stanley (NYSE:MS) closed lower on Monday, April 01, closing at $93.53, -0.67% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 18.08, while its 5Y monthly beta was 1.41. In examining the 52-week price action we see that the stock hit a 52-week high of $95.57 and a 52-week low of $69.42. Over the past month, the stock has gained 8.71% in value.

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Morgan Stanley, whose market valuation is $152.95 billion at the time of this writing, is expected to release its quarterly earnings report Apr 16, 2024. The dividend yield on the company stock is 3.56%, while its Forward Dividend ratio is 3.32. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.69 per share this quarter, however they have predicted annual earnings per share of $6.4 for 2024 and $7.32 for 2025. It means analysts are expecting annual earnings per share growth of 20.30% this year and 14.40% next year.

Analysts have forecast the company to bring in revenue of $14.41 billion for the current quarter, with the likely lows of $13.69 billion and highs of $15.09 billion. The average estimate suggests sales will likely up by 3.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $56.6 billion. The company’s revenue is forecast to grow by 4.50% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Morgan Stanley 2 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest MS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.26, which symbolizes a positive outlook. A quick review shows that MS’s price is currently 4.59% off the SMA20 and 6.94% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.27, and weekly volatility stands at 1.46%. When measured over the past 30 days, the indicator reaches 2.14%. Morgan Stanley (NYSE:MS)’s beta value is currently sitting at 1.42, while the Average True Range indicator is currently displaying 1.83.

To see how Morgan Stanley stock has been performing in comparison to its peers in the industry, here are the numbers: MS stock’s performance was -0.67% in the latest trading, and 8.45% in the past year. Morgan Stanley has a P/E ratio of 18.08.

An evaluation of the daily trading volume of Morgan Stanley (NYSE:MS) indicates that the 3-month average is 8.91 million. However, this figure has increased over the past 10 days to an average of 7.04 million.

Currently, records show that 1.63 billion of the company’s shares remain outstanding. The insiders hold 23.35% of outstanding shares, whereas institutions hold 62.48%. The stats also highlight that short interest as of Mar 15, 2024, stood at 16.39 million shares, resulting in a short ratio of 1.69 at that time. From this, we can conclude that short interest is 1.00% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 14.59 million. However, since the stock’s price has seen 0.30% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.