The stock of Microsoft Corporation (NASDAQ:MSFT) last traded at $422.86, down -1.37% from the previous session.
MSFT stock price is now 3.66% away from the 50-day moving average and 17.56% away from the 200-day moving average. The market capitalization of the company currently stands at $3142.04B.
With the price target of $490, KeyBanc Capital Markets recently initiated with Overweight rating for Microsoft Corporation (NASDAQ: MSFT). On January 18, 2024, Exane BNP Paribas Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $471, while ‘Truist’ rates the stock as ‘Buy’
In other news, Hogan Kathleen T, EVP, Chief Human Resources Off sold 21,955 shares of the company’s stock on Mar 11 ’24. The stock was sold for $8,869,076 at an average price of $403.96. Upon completion of the transaction, the EVP, Chief Human Resources Off now directly owns 159,764 shares in the company, valued at $67.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, EVP, Chief Commercial Officer Althoff Judson sold 10,000 shares of the business’s stock. A total of $4,036,490 was realized by selling the stock at an average price of $403.65. This leaves the insider owning 129,949 shares of the company worth $54.95 million. A total of 1.50% of the company’s stock is owned by insiders.
During the past 12 months, Microsoft Corporation has had a low of $272.05 and a high of $430.82. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 1.22, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $3.19T, which is based on a 38.24 price-to-earnings ratio, a 2.35 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for MSFT is $407.94 and a two-hundred day moving average price translates $359.70 for the stock.
The latest earnings results from Microsoft Corporation (NASDAQ: MSFT) was released for Dec, 2023. The net profit margin was 36.27% and return on equity was 39.17% for MSFT. The company reported revenue of $62.02 billion for the quarter, compared to $52.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.58 percent.
