A popular and loved brand, MSI’s market cap is now almost $54 Bln. Shares reached an all time high on Friday, trading for $325. It is not a surprise some investors made a killing out of it!
About a month ago MSI bounced off the support at $270 and enjoyed more than $50 rally. This is more than 20% jump in not even 30 business days. The 20, 50 and 200 moving averages are are all pointing north, the prices is above the shortest MA and every next low is higher than the one before. This is the definition of an UP trend!
Buyers are running the show and the finacnials of the firm might be the reason behind it. For almost 7 years in a row, MSI are beeting their revenues. They make money, their TTM revenue is almost $ 10 Bln! The P/E of the stock, which is 31.7, is higher than its direct market competitors, but rather low for a tech stock in general. This is a good sign, because it shows investors love MSI, its a popular stock and investors buy it. P/E is high for a reason , and those are the expected future cash flows. At 17% Operating Margin, MSI are beating almost all of their competitors!
This is why our team of analysts have an idea about MSI’s next price move. Please join our Premium service to see our preferred direction.
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