Microstrategy Inc (NASDAQ:MSTR) price closed higher on Monday, November 11 and jumping 25.73% above its previous close.
A look at the daily price movement shows that the last close reads $270.42, with intraday deals fluctuated between $293.3 and $351.73. The company’s 5Y monthly beta was ticking 3.062. Taking into account the 52-week price action we note that the stock hit a 52-week high of $280.80 and 52-week low of $43.87. The stock added 59.93% on its value in the past month.
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Microstrategy Inc, which has a market valuation of $68.80 billion, is expected to release its quarterly earnings report in December.
On average, analysts have forecast the company’s revenue for the quarter will hit 124.5M, with the likely lows of 118.3M and highs of 132.5M. Staying with the analyst view, there is a consensus estimate of 466.2M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -6.10% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give MSTR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 6 analysts have assigned MSTR a recommendation rating as follows: 1 rate it as a Hold; 5 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Microstrategy Inc (MSTR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that MSTR’s price is at present 43.29% off the SMA20 and 81.45% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 81.31, with weekly volatility standing at 10.61%. The indicator jumps to 8.63% when calculated based on the past 30 days. Microstrategy Inc (NASDAQ:MSTR)’s beta value is holding at 3.06, while the average true range (ATR) indicator is currently reading 23.23. Considering analysts have assigned the stock a price target range of $110-$400 as the low and high respectively, we find the trailing 12-month average consensus price target to be $208. Based on this estimate, we see that current price is roughly 67.65% off the estimated low and -17.65% off the forecast high. Investors will no doubt be excited to see the share price rise to $208, which is the median consensus price, and at that level MSTR would be 38.82% from current price.
An analysis of the Microstrategy Inc (NASDAQ:MSTR) stock in terms of its daily trading volume indicates that the 3-month average is 14.64 million. However, this figure increases on the past 10-day timeline to an average of 21.83 million.
Current records show that the company has 202.64M in outstanding shares. The insiders’ percentage holdings are 19.60% of outstanding shares while the percentage share held by institutions stands at 46.57%. The stats also highlight that short interest as of 2024-10-15, stood at 29.58 million shares, which puts the short ratio at the time at 1.82. From this we can glean that short interest is 1620.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 25.86 million. But the 438.30% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
