Microsoft Corp (NASDAQ:MSFT) reaching 52-week high, short interest decreasing

Microsoft Corp (NASDAQ:MSFT) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $60.42, up by 2.91%, with a volume of 31,574,721 shares against an average amount for the last three months of 24,545,500.

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Microsoft Corp (NASDAQ:MSFT) stock is currently trading 1.55% below its 52-week-high, 25.8% above its 52-week-low. The 1-year stock price history is in the range of $48.03 – $61.37. Microsoft Corp (MSFT) has a price to earnings ratio of 28.94 versus Technology sector average of 24.21. MSFT stock price has outperformed the Nasdaq by 8.7%. The Applications Software company is currently valued at $469.79 billion, and its share price closed the last trading session at $60.42. The stock has a 50-day moving average of $58.21 and a 200-day moving average of $54.9.

Microsoft Corp (MSFT) current short interest stands at 44.26 million shares. It has decreased by 7% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 26.91 million shares, the number of days required to cover the short positions stand at 1.7 days.

MSFT is forecasted to report earnings per share of $0.77 and a revenue of $25.05 billion for the 2nd Quarter of the fiscal year 2016. Microsoft Corp (MSFT) declared last quarter earnings on October 20. The Applications Software company announced last quarter earnings per share of $0.76 against a consensus Street estimate of $0.68, beating the average estimate by $0.08. The company posted a revenue of $20.45 billion compared to an estimation of $21.54 billion.

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There are currently thirty-four analysts that cover Microsoft Corp stock. Of those thirty-four, twenty-two have a Buy rating, nine have a Hold rating and three have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $63.61.

A recent analyst activity consisted of Oppenheimer reiterating their Outperform stance on October 24. Oppenheimer increased their price target on MSFT from $62 to $65. This corresponds to a 7.58% upside from the last closing price. On the date of report, the stock closed at $61.

Wunderlich Securities upgraded their Hold rating to Buy on October 21, and increased their price target on MSFT stock from $60 to $70. This corresponds to a 15.86% upside from the last closing price. On the date of report, the stock closed at $59.66.

Microsoft Corp (MSFT) has a debt to equity ratio of 31% compared to Technology sector average of 75.3%. The company has a current ratio of 2.69. This ratio should be higher than one (ideally two) and is an indicator to show if the company is able to finance its short term obligations. Indeed, it should have higher short term assets to dispose in order to cover for its short term liabilities.

Company snapshot

Microsoft Corporation develops, manufactures, licenses, sells, and supports software products. The Company offers operating system software, server application software, business and consumer applications software, software development tools, and Internet and intranet software. Microsoft also develops video game consoles and digital music entertainment devices.

Microsoft Corp (NASDAQ:MSFT) reaching 52-week high, short interest decreasing was last modified: November 8th, 2016 by Steven Finley