Microsoft Corporation (NASDAQ:MSFT) plunged -0.33% during previous trade, a total of 20.28M shares exchanged hands compared with its average trading volume of 24.23M shares whereas its relative volume is 0.77. The stock has a market capitalization of $489.85B along with 7.73B outstanding shares. Stock’s intraday price range hit the peak level of $63.78 and touched the lowest level of $63.23.
Most recently Microsoft Corporation (NASDAQ:MSFT)’s price target was revised on 1/30/17 and according to 34 analysts stock’s price will reach at $68.97 during 52 weeks with standard deviation of 7.83. Stock’s minimum price target estimates has been figured out at $45 while the maximum price target forecast is established at $80, if we look at the price target with an optimistic approach it has upside potential of 26% from its latest closing price of $63.43.
Historically, if we look at price target revisions, three weeks ago Microsoft Corporation (NASDAQ:MSFT)’s price target was revised on 1/9/17 by the analysts, however the bullish price estimates of the stock set at $80 while the bearish estimates kept at $43 over the next one year. Stock’s 52-week target was retained at $65, the estimates indicates a standard deviation of 8.19.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.56. ABR value is precisely based on brokerage recommendations, where out of 27 brokerage recommendations 19 rate Microsoft Corporation (NASDAQ:MSFT) stock a Strong Buy, 2 rate the stocks of the company a Buy, 5 rate Hold, 1 rate Sell and 0 recommend a Strong Sell. Most recently on 1/27/17 the stock of Microsoft Corporation (NASDAQ:MSFT) upgraded by Citigroup from Sell to Neutral. However previously on 11/17/16 it was upgraded by Goldman from Neutral to Buy. A research note issued on 11/10/16 the stock was upgraded by Atlantic Equities from Underweight to Neutral.
Microsoft Corporation (NASDAQ:MSFT) performance over the past one year soared 31.90% whereas its year to date (YTD) performance indicated a bullish trend of 2.08%. During the last six months the stock climbed 10.67%. Quarterly performance of the company shows optimistic momentum of 8.77% while its last one month trend is positive with 0.94%. Stock’s weekly performance expressed down trend of -1.89%.
The company’s price sits 1.48% above from its 50-day moving average of $63.23 and 11.95% far from the stock’s 200-day moving average which is $59.69. Microsoft Corporation (NASDAQ:MSFT)’s shares are currently trading -3.76% away from the 52-week high price of $65.91 and +35.24% far from the 52-week low price of $46.90.
According to consensus agreement of 31 analysts Microsoft Corporation (NASDAQ:MSFT) will report earnings per share of $0.7 in their quarterly report and it is expected to announce the company’s results on 4/20/17. For the current quarter the company has high EPS estimates of $0.75 in contradiction of low EPS estimates of $0.65. However a year ago for the same quarter the company has reported $0.62 EPS. Current year EPS projections for Microsoft Corporation (NASDAQ:MSFT) set at $2.97 according to the sentiments of 33 analysts, while its lowest earnings estimates are $2.85 and highest earnings estimates are $3.13.
According to 27 analysts, Microsoft Corporation (NASDAQ:MSFT)’s revenue estimates for the current quarter are $23.63B meanwhile the company has high revenue estimates of $24.15B in contradiction of low revenue estimates of $23.39B. For the current year the company’s revenue estimates are $96.54B compared to low analyst estimates of $95.68B and high estimates of $97.82B according to the projection of 28 analysts.