Microsoft Corporation (NASDAQ:MSFT) traded at $406.32 at close of the session on Friday, April 26, made an upward move of 1.82% on its previous day’s price.
Looking at the stock we see that its previous close was $399.04 . The company has a trailing 12-month PE ratio of 35.21. In terms of its 52-week price range, MSFT has a high of $430.82 and a low of $292.73. The company’s stock has lost about -3.59% over that past 30 days.
Microsoft Corporation has a market cap of $3019.14 billion. With its Forward Dividend at 2.86 and a yield of 0.70%, the company’s investors could be anxious for the MSFT stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $2.88, with the EPS growth for the year raised at $11.63 for 2024 and $13.34 for next year. These figures represent 18.60% and 14.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $64.5 billion, with a low of $63.3 billion and a high of $65.59 billion. The median projection represents growth squeezing down to 14.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $244.21 billion, or 15.20% up from figures reported last year.
On the other hand, looking at the outlook for the MSFT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the MSFT stock currently stands at 2.19, and the current price level is -2.26% off its SMA20 and -1.92% from its 50-day simple moving average. The RSI (14) is pointing at 44.58 while the volatility over the past week is 1.86% and jumps to 1.65% over the past one month. The beta value is 0.89, while the average true range (ATR) is currently pointing at 8.54.
Coming back to Microsoft Corporation (NASDAQ:MSFT), we note that the average 3-month trading volume was 21.55 million. Current shares outstanding are 7.43 billion.
The insiders hold 1.50% of the company’s shares while institutions hold 72.85%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 8.05% up in year-to-date price movement.
