Morgan Stanley [NYSE:MS] shares were trading 1.01% to $49.20 on Wednesday. Comparativley, The S&P 500 is trading at 0.55%. For the year, the stock is trading -4.71% and the five-day change stands at 0.74%.
MS’s next earning date is 10/15/2020. Currently, the company is booking earnings per share of 5.54 with the price-to-cash-flow at 4.56.
The company is also reporting 5.54 earnings per share.
Wait and see
Holding a Market Cap of $75.67 billion, Morgan Stanley has seen a trading range over the last year of $27.20-$57.57.
For the last five days, MS is up from its last closing price. The average shares trading hands each day is 10.38M, with average 10-day volume coming in at 15.99 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for MS. When we apply the Elder Force Index to Morgan Stanley, we are seeing an Elder Force Indicator number of 3955109.48.
The recent performance of the stock is another area that can tell traders how to proceed. MS is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 9.84.
In the last quarter, MS made a profit of 4.36 billion. In addition, the company has operating cash flow of $20.23 billion.
Looking at popular technical indicators, the company’s 5-day moving average is 48.40 compared to the 50-day moving average of 50.10. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. MS currently holds a 9-day RSI of 52.87%, while 100-day RSI stands at 50.96%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. MS’s 9-day MACD is 0.34 and the company’s 100-day MACD stands at -0.53.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 24.24% by insiders and 62.93% by institutions.
Over the last six months, insiders have sold 18,355 with the most recent transaction from ROONEY ROBERT P, Head of Tech/Ops/Resilience, with a sell at price 52.18 per share.
Overall, the recommended rating for MS is Moderate Buy. Currently, the company has 21 analysts watching the stock, and the average quarterly earnings estimate is 1.24. Quarterly revenue estimates are averaging 10.46B with the high estimate reaching 11.07B and the low at 9.38B.
To review, the current 1-year target estimate is sitting at 59.85, while the current price 49.20. Based on this, we expect the stock to rise considering the aforementioned fundamentals.