Morgan Stanley (NYSE:MS) price on Thursday, May 09, rose 1.62% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $97.19.
A look at the stock’s price movement, the level at last check in today’s session was $95.64. The PE ratio in trailing twelve months stood at 17.71. Turning to its 52-week performance, $96.05 and $69.42 were the 52-week high and 52-week low respectively. Overall, MS moved 6.04% over the past month.
Morgan Stanley’s market cap currently stands at around $157.95 billion. The company has a Forward Dividend ratio of 3.40, with its dividend yield at 3.50%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 14.29B for the company’s revenue for the quarter, with a low and high estimate of 13.78B and 14.77B respectively. The average forecast suggests up to a 9.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 57.84B, representing a 6.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 2.21, with MS’s current price about 6.09% and 7.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.75, while 7-day volatility ratio is 1.25% and 2.11% in the 30-day chart. Further, Morgan Stanley (MS) has a beta value of 1.37, and an average true range (ATR) of 1.75.
If we refocus on Morgan Stanley (NYSE:MS), historical trading data shows that trading volumes averaged 8.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.63 billion shares.
The 23.34% of Morgan Stanley’s shares are in the hands of company insiders while institutional holders own 62.45% of the company’s shares. Current price change has pushed the stock 4.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MS stock continues to rise going into the next quarter.
