Morgan Stanley (NYSE:MS) Looks Very Promising

The MS stock price fluctuated between $95.55 and $96.89 throughout the trading session with the volume trading being 10M shares, which represented a positive variation when compared to the three months average volume of 10M shares.

The share price of Morgan Stanley (NYSE:MS) dipped -0.42% to close Wednesday’s market session at $96.07, lower as compared to yesterday’s close which brings the market valuation of the company to $178.75B.

The 52-week high for the Morgan Stanley’s shares is $97.17. That puts it -1.13% from that peak but still a more than 100% gain since the share price dropped to a 52-week low of $45.86, while the S&P 500’s share price change was of 37.5%.

The company currently has a 12.57 P/E ratio and a price target of $98.53.

What does the trading volume tell us about the MS stock?

During the last trading session, Morgan Stanley (NYSE:MS) has seen growth in its daily volume. The daily volume was of 10M, while in the last 10 days the average was 12.26M and last three months – 9.7M.
The increasing interest in the MS stock from the investors is helping to drive the stock price up.

Growing short interest

The Morgan Stanley’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 17.56M shares being shorted which translates into 2.02 of a short ratio for MS, while in the previous month the shorted shares were 14.04M.

Morgan Stanley (NYSE:MS) financials

With a market cap of 178.75B, Morgan Stanley holds a total cash of $537.49B that translates into $288.88 per share, while the total debt is of $328.07B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 68.80%. The current revenue is of $54.64B that is $32.86 per share.
This is a great sign for a bright future.