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MicroStrategy Incorporated Touches $267.66: Is The Risk Worth It For This Price?

MicroStrategy Incorporated (NASDAQ:MSTR) price on Friday, March 17, rose 11.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $267.66.

A look at the stock’s price movement, the close in the last trading session was $241.08, moving within a range at $249.01 and $274.00. The beta value (5-Year monthly) was 2.42. Turning to its 52-week performance, $522.80 and $132.56 were the 52-week high and 52-week low respectively. Overall, MSTR moved -10.30% over the past month.

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MicroStrategy Incorporated’s market cap currently stands at around $3.39 billion, with investors looking forward to this quarter’s earnings report slated for May 01, 2023 – May 05, 2023. Analysts project the company’s earnings per share (EPS) to be -$1.28, which has seen fiscal year 2023 EPS growth forecast to increase to -$5 and about -$5.08 for fiscal year 2024. Per the data, EPS growth is expected to be 96.10% for 2023 and -1.60% for the next financial year.

Analysts have a consensus estimate of $120.24 million for the company’s revenue for the quarter, with a low and high estimate of $118.8 million and $122.63 million respectively. The average forecast suggests up to a 0.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2023 to grow to $506.34 million, representing a 1.40% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MSTR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

MSTR’s current price about 8.31% and 10.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.12, while 7-day volatility ratio is 11.07% and 7.70% in the 30-day chart. Further, MicroStrategy Incorporated (MSTR) has a beta value of 2.44, and an average true range (ATR) of 20.54.

In the market, a comparison of MicroStrategy Incorporated (MSTR) and its peers suggest the former has performed considerably stronger. Data shows MSTR’s intraday price has changed 11.03% in last session and -37.58% over the past year. Comparatively, Teradata Corporation (TDC) has moved -0.37% on the day and only -19.37% in the past 12 months. Looking at another peer, we see that Splunk Inc. (SPLK) price has dipped -0.67% on the day. However, the stock is -24.37% off its price a year ago. Moreover, International Business Machines Corporation (IBM) is also down -0.81% in trading on the day while keeping a a downtrend of -2.64% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.

If we refocus on MicroStrategy Incorporated (NASDAQ:MSTR), historical trading data shows that trading volumes averaged 0.85 million over the past 10 days and 624.40K over the past 3 months. The company’s latest data on shares outstanding shows there are 11.39 million shares.

The 0.08% of MicroStrategy Incorporated’s shares are in the hands of company insiders while institutional holders own 71.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.21 million on Jan 30, 2023, giving us a short ratio of 4.86. The data shows that as of Jan 30, 2023 short interest in MicroStrategy Incorporated (MSTR) stood at 27.83% of shares outstanding, with shares short falling to 3.41 million registered in Dec 29, 2022. Current price change has pushed the stock 89.07% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MSTR stock continues to rise going into the next quarter.

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