Morgan Stanley (NYSE:MS) traded at $91.16 at last check on Tuesday, April 30, made a downward move of -1.03% on its previous day’s price.
Looking at the stock we see that its previous close was $92.11. The company has a trailing 12-month PE ratio of 16.61. In terms of its 52-week price range, MS has a high of $95.57 and a low of $69.42. The company’s stock has lost about -2.53% over that past 30 days.
Morgan Stanley has a market cap of $148.32 billion. With its Forward Dividend at 3.40 and a yield of 3.73%, the company’s investors could be anxious for the MS stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.67, with the EPS growth for the year raised at $6.89 for 2024 and $7.61 for next year. These figures represent 33.00% and 10.40% 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 $14.29 billion, with a low of $13.78 billion and a high of $14.75 billion. The median projection represents growth squeezing down to 9.20% 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 $57.93 billion, or 7.00% up from figures reported last year.
On the other hand, looking at the outlook for the MS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% 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 MS stock currently stands at 2.08, and the most recent price level today is -0.19% off its SMA20 and 1.70% from its 50-day simple moving average. The RSI (14) is pointing at 50.31 while the volatility over the past week is 1.59% and jumps to 2.22% over the past one month. The beta value is 1.40, while the average true range (ATR) is currently pointing at 1.95.
Coming back to Morgan Stanley (NYSE:MS), we note that the average 3-month trading volume was 8.28 million. Current shares outstanding are 1.63 billion.
The insiders hold 23.34% of the company’s shares while institutions hold 62.54%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -2.24% down in year-to-date price movement.
