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- 1 The Microsoft Corp. (MSFT) stock price is trading at $336.34 currently with a market capitalization of $2.499 Trillion.
- 2 MSFT stock gave more than 38.37% return to investors in a year while its 5 year return is 215.84%.
Microsoft Corporation (NASDAQ: MSFT) is a global leader in technology, offering a wide range of products and services, such as Bing, LinkedIn, Xbox, Azure, Office, and Windows. The company has three business segments: More Personal Computing, Intelligent Cloud, and Productivity and Business Processes.
On July 25, 2023, Microsoft announced its financial results for the fourth quarter of 2023. The company recorded a revenue of $56.19 Billion, up 8.34% year-over-year.
The company’s net income attributable to shareholders grew by 19.96% year-over-year to $20.08 Billion. The company’s earnings per share (EPS) also increased by 20.63% year-over-year to $2.69.
The firm’s income from sales increased due to high customer interest in its cloud offerings, especially Azure, as well as its gaming and personal computing products. The firm’s cloud income from sales increased by 30% compared to the same period last year to $19.5 Billion, with Azure’s income from sales increasing by 51% compared to the same period last year.
The firm’s earnings also improved considerably, as its net profit margin increased by 10.72% compared to the same period last year to 35.74%. The firm’s operating earnings increased by 17% compared to the same period last year to $19.1 Billion, with an operating margin of 34%. The firm’s free cash flow increased by 16% compared to the same period last year to $16.4 Billion
MSFT Stock Price Technical Analysis
Microsoft Corp has a strong upward momentum and is taking a break and finding support on the 50 moving average. (MSFT) as its stock price has risen above the 200-day and 50-day moving averages. The stock price could continue to rise and begin an upward trend if the buyers maintain their pressure. Moreover, the bullish cross on the daily chart supports the positive outlook.
The technical indicators MACD, RSI, and super trend are in the positive area. The MACD line has crossed below the signal line indicating mild bearish momentum. The RSI is above 50, indicating a positive trend. The super trend line is below the price, indicating an uptrend. These indicators suggest that Microsoft stock is in a strong bullish trend and may continue to rise.
Conclusion
Microsoft Corp. stock is breaking new records as it announced a rise in its income. MSFT reached new peaks and went above the 50- and 200-day moving averages on daily and weekly time frames. The RSI, MACD, moving averages and super trend are all bullish, indicating a powerful upward trend. This shows that the company is performing well and attracting more investors.
Technical Levels:
- Support Level- The current support level is $323.50.
- Resistance Level-The current resistance level is $365.10.
Disclaimer
The price prediction given in this article is for informational and educational use only. Do not use this information as financial, investment, or as trading advice. Investing and trading in stock is a risky task. Please consider your circumstances and risk profile before making any investment decisions.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
