During the last session 21M of Microsoft Corporation’s (NasdaqGS:MSFT) shares were traded. The stock closed at $284.91 per share indicating that it lost -$1.59 or -0.55% during that day which brings the Microsoft Corporation’s valuation to $2.14T.
The 52-week high for the Microsoft Corporation’s shares is $290.15. That puts it -1.81% from that peak but still a 31.57% gain since the share price dropped to a 52-week low of $196.25, while the S&P 500’s share price change was of 33.41%.
MSFT’s Price Target
As of 31st of July, Citigroup has increased its price target for Microsoft Corporation up to $411. The company currently has a 35.39 P/E ratio and an average price target of $298.92.
What does the trading volume tell us about the MSFT stock?
During the last trading session, Microsoft Corporation (NasdaqGS:MSFT) has seen decay in its daily volume. The daily volume was of 24M, while in the last 10 days the average was 25.08M and last three months – 24.23M.
The decreasing interest in the MSFT stock from the investors is helping to drive the stock price down.
Growing short interest
The Microsoft Corporation’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 56.42M shares being shorted which translates into 2.36 of a short ratio for MSFT, while in the previous month the shorted shares were 48.14M.
Microsoft Corporation (NasdaqGS:MSFT)’s financials
With a market cap of 2.14T, Microsoft Corporation holds a total cash of $130.33B that translates into $17.33 per share, while the total debt is of $81.2B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 21.30%. The current revenue is of $168.09B that is $22.27 per share.
This is a great sign for a bright future.