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- 1 MSFT stock price showing an upward rising chart due to its recent days trading performance.
- 2 MSFT stock reached almost near its 20-day moving average with bulls support.
MSFT stock price rose upside while adding $1.72 in its recent closing price. However, the stock has shown over 26% price rise in the last six months. Moreover, the year-to-date (YTD) price analysis showed over 32% price gain which dropped in the last month. Since the beginning of this week, MSFT stock has started showing a bullish trend that can stay as it follows the pre-market trend.
MSFT Stock Price Analysis
In the recent trading session, MSFT stock closed at $322.46, while pre-market price is showing at $323.34. The current trading activity in MSFT stock drove its price almost near to its 20-day moving average. The recent one-day volume activity in the stock also reached over 16 Million.
As the above chart shows, with recent trading analysis, the RSI has also started rising upside. While the bulls’ increased dominance, it can drive it to form a bullish weekly price chart.
The one-year price target set by analysts is showing at $392.78, up by over 21% from the recent closing of MSFT stock. Additionally, they have their maximum estimate at $440.00 whereas the minimum estimate is at $232.00. In the past three months, analysts have given a “strong-buy” rating to Microsoft Corp.
The Financial Update of Microsoft
Microsoft Corp. (NASDAQ: MSFT), an American multinational technology corporation, has a market cap of nearly $2.396 Trillion. Its net income in the recent Q4 2023 quarter is $20.08 Billion while the price-to-sales ratio is 11.34. Microsoft has an Enterprise Value to EBITDA ratio of 23.05.
MSFT dividends are paid quarterly. As per its last dividend per share, it was $0.68, whereas as of today, the Dividend Yield (TTM)% is 0.83%. The Q4 2023 report highlighted that the company’s earnings per share (EPS) is $2.69 whereas the estimation was $2.55 which accounts for a 5.46% surprise.
In a similar quarter, the revenue reached $56.19 Billion despite the estimated figure of $55.49 Billion. For the upcoming quarter, the estimated EPS is $2.63, and revenue is expected to reach $54.50 Billion.
The last year’s revenue report of Microsoft Corp. states that it is $211.91 Billion. Out of this, $87.91 Billion came from its highest-performing source at the moment, “intelligent cloud”.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
