Salesforce Stock Price on October 31, 2023
| CRM Stock | USD 249.13 1.89 0.75% |
Below is the normalized historical share price chart for Salesforce extending back to June 23, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Salesforce stands at 249.13, as last reported on the 8th of December, with the highest price reaching 253.98 and the lowest price hitting 248.85 during the day.
If you're considering investing in Salesforce Stock, it is important to understand the factors that can impact its stock price. We consider Salesforce very steady. Salesforce owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0959, which indicates the firm had 0.0959% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Salesforce, which you can use to evaluate the future volatility of the company. Please validate Salesforce Risk Adjusted Performance of 0.0968, coefficient of variation of 843.9, and Semi Deviation of 1.18 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%.
As of the 8th of December 2023, Net Income Common Stock is likely to grow to about 213.5 M. As of the 8th of December 2023, Price to Book Value is likely to grow to 2.95. Also, Price to Earnings Ratio is likely to grow to 863.00. Salesforce Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of June 2004 | 200 Day MA 206.7888 | 50 Day MA 213.0474 | Beta 1.24 |
Salesforce |
Sharpe Ratio = 0.0959
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | CRM | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.83 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Salesforce is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Salesforce by adding it to a well-diversified portfolio.
Price Book 4.1515 | Enterprise Value Ebitda 25.6717 | Price Sales 7.1025 | Shares Float 939.2 M | Wall Street Target Price 271.52 |
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Salesforce Valuation on October 31, 2023
It is possible to determine the worth of Salesforce on a given historical date. On October 31, 2023 Salesforce was worth 200.42 at the beginning of the trading date compared to the closed value of 200.83. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Salesforce stock. Still, in general, we apply an absolute valuation method to find Salesforce's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Salesforce where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Salesforce's related companies.
| Open | High | Low | Close | Volume | |
| 199.00 | 200.58 | 197.08 | 199.27 | 3,400,166 | |
10/31/2023 | 200.42 | 201.91 | 198.66 | 200.83 | 3,354,002 |
| 200.92 | 204.49 | 200.49 | 203.91 | 2,929,820 |
| Backtest Salesforce | | | Salesforce History | | | Salesforce Valuation | Previous | Next |
Salesforce Trading Date Momentum on October 31, 2023
| On November 01 2023 Salesforce was traded for 203.91 at the closing time. Highest Salesforce's price during the trading hours was 204.49 and the lowest price during the day was 200.49 . The net volume was 2.9 M. The overall trading history on the 1st of November contributed to the next trading period price boost. The overall trading delta to the next next day price was 1.53% . The trading price change to current price is 4.27% . |
Salesforce Fundamentals Correlations and Trends
By evaluating Salesforce's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Salesforce's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Salesforce financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Salesforce Stock history
Salesforce investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Salesforce is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Salesforce will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Salesforce stock prices may prove useful in developing a viable investing in Salesforce
| Last Reported | Projected for 2023 | ||
| Weighted Average Shares | 992 M | 958.2 M | |
| Weighted Average Shares Diluted | 997 M | 967.3 M | |
| Issuance Purchase of Equity Shares | -3.1 B | -3.2 B |
Salesforce Quarterly Net Working Capital |
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Salesforce Stock Technical Analysis
Salesforce technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Salesforce Period Price Range
Low | October 31, 2023 | High |
200.42 | 200.83 |
| 0.41 | 0.20% |
Salesforce December 8, 2023 Market Strength
Market strength indicators help investors to evaluate how Salesforce stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Salesforce shares will generate the highest return on investment. By undertsting and applying Salesforce stock market strength indicators, traders can identify Salesforce entry and exit signals to maximize returns
| Accumulation Distribution | 53986.96 | |||
| Daily Balance Of Power | 0.1262 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 200.29 | |||
| Day Typical Price | 200.47 | |||
| Price Action Indicator | 0.75 | |||
| Period Momentum Indicator | 48.3 |
Salesforce Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Salesforce stock's direction in advance. Along with the technical and fundamental analysis of Salesforce Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Salesforce to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0968 | |||
| Jensen Alpha | 0.1925 | |||
| Total Risk Alpha | 0.1655 | |||
| Sortino Ratio | 0.1309 | |||
| Treynor Ratio | 0.3052 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Salesforce. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Salesforce Stock, please use our How to Invest in Salesforce guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Salesforce Stock analysis
When running Salesforce's price analysis, check to measure Salesforce's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Salesforce is operating at the current time. Most of Salesforce's value examination focuses on studying past and present price action to predict the probability of Salesforce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Salesforce's price. Additionally, you may evaluate how the addition of Salesforce to your portfolios can decrease your overall portfolio volatility.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
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Is Salesforce's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Salesforce. If investors know Salesforce will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Salesforce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.952 | Earnings Share 2.64 | Revenue Per Share 34.727 | Quarterly Revenue Growth 0.113 | Return On Assets 0.0368 |
The market value of Salesforce is measured differently than its book value, which is the value of Salesforce that is recorded on the company's balance sheet. Investors also form their own opinion of Salesforce's value that differs from its market value or its book value, called intrinsic value, which is Salesforce's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Salesforce's market value can be influenced by many factors that don't directly affect Salesforce's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Salesforce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Salesforce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Salesforce's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.