The MSFT stock price fluctuated between $297.47 and $300.61 throughout the trading session with the volume trading being 15M shares, which represented a negative variation when compared to the three months average volume of 22M shares. The share price of Microsoft Corporation (NasdaqGS:MSFT) ran up 0.01% to close Wednesday’s market session at $300.21, higher as compared to yesterday’s close which brings the market valuation of the company to $2.26T.
The 52-week high for the Microsoft Corporation’s shares is $305.84. That puts it -1.83% from that peak but still a 46.17% 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 35.36%. The company currently has a 37.29 P/E ratio and a price target of $328.88.
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 22M, while in the last 10 days the average was 18.31M and last three months – 22.24M.
Shrinking short interest
The Microsoft Corporation’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 41.99M shares being shorted which translates into 1.94 of a short ratio for MSFT, while in the previous month the shorted shares were 56.42M.
Microsoft Corporation’s (NasdaqGS:MSFT) financials
With a market cap of 2.26T, Microsoft Corporation holds a total cash of $130.26B that translates into $17.33 per share, while the total debt is of $82.28B. 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.