Microsoft Corporation (NASDAQ:MSFT) shares, rose in value on Friday, April 05, with the stock price up by 1.10% to the previous day’s close as strong demand from buyers drove the stock to $422.49.
Actively observing the price movement in the recent trading, the stock is buoying the session at $417.88. The value of beta (5-year monthly) is 0.88 whereas the PE ratio is 38.21 over 12-month period. Referring to stock’s 52-week performance, its high was $430.82, and the low was $275.37. On the whole, MSFT has fluctuated by 5.07% over the past month.
With the market capitalization of Microsoft Corporation currently standing at about $3139.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 2.86, with its dividend yield at 0.68%. 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 $2.61, which is expected to increase to $2.84 for fiscal year $10.75 and then to about $12.33 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.60% in 2025, while the next year’s EPS growth is forecast to be 14.70%.
Analysts have estimated the company’s revenue for the quarter at $56.07 billion, with a low estimate of $55.61 billion and a high estimate of $57.26 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $225.33 billion, representing an increase of 6.30% 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 2.34, with the price of MSFT currently trading nearly 0.77% and 2.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.74, while the 7-day volatility ratio is showing 1.35% which for the 30-day chart, stands at 1.49%. Furthermore, Microsoft Corporation (MSFT)’s beta value is 0.88, and its average true range (ATR) is 6.59.
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 1.10% in today’s session so far, and over the past year, it grew by 47.12%%.
Data on historical trading for Microsoft Corporation (NASDAQ:MSFT) indicates that the trading volumes over the past 10 days have averaged 18.24 million and over the past 3 months, they’ve averaged 22.58 million. According to company’s latest data on outstanding shares, there are 7.43 billion shares outstanding.
Nearly 1.50% of Microsoft Corporation’s shares belong to company insiders and institutional investors own 72.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 54.21 million shares as on Mar 15, 2024, resulting in a short ratio of 2.46. According to the data, the short interest in Microsoft Corporation (MSFT) stood at 0.73% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 42.45 million. The stock has risen by 12.35% 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.
