Microsoft rose 1.97% during the afternoon session to $277.66 per share. As reported by Barrons: "Almost lost this week in the crosscurrents from the TikTok hearing, various AI software launches, and banking turmoil was news the Federal Trade Commission has a new tech target in its sights: cloud computing." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 27.16 and an average price to book (P/B) ratio of 6.23. In contrast, Microsoft has a trailing 12 month P/E ratio of 30.82 and a P/B ratio of 11.05.
Microsoft has moved -8.57% over the last year compared to -13.08% for the S&P 500 -- a difference of 4.51%. Microsoft has a 52 week high of $312.88 and a 52 week low of $212.3. At today's price of $277.66 per share, Microsoft is -3.29% away from its target price of $287.11, and on average, analysts give the stock a rating of buy. 0.46% of the company's shares are linked to short positions, and 73.71% of the shares are owned by institutional investors.
