The trading price of Microstrategy Inc (NASDAQ:MSTR) closed higher on Monday, November 18, and closing at $384.79, 12.96% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $339.375 and $388.4899. In examining the 52-week price action we see that the stock hit a 52-week high of $383.40 and a 52-week low of $43.87. Over the past month, the stock has gained 78.26% in value.
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Microstrategy Inc, whose market valuation is $81.06 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest MSTR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned MSTR a recommendation rating is 6. Out of them, 1 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Microstrategy Inc (MSTR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that MSTR’s price is currently 40.77% off the SMA20 and 83.21% off the SMA50. The RSI metric on the 14-day chart is currently showing 78.59, and weekly volatility stands at 12.34%. When measured over the past 30 days, the indicator reaches 9.35%. Microstrategy Inc (NASDAQ:MSTR)’s beta value is currently sitting at 3.11, while the Average True Range indicator is currently displaying 28.47. With analysts defining $110-$400 as the low and high price targets, we arrive at a consensus price target of $208 for the trailing 12-month period. The current price is about 71.41% off the estimated low and -3.95% off the forecast high, based on this estimate. Investors will be thrilled if MSTR’s share price rises to $208, which is the median consensus price. At that level, MSTR’s share price would be 45.94% above current price.
To see how Microstrategy Inc stock has been performing in comparison to its peers in the industry, here are the numbers: MSTR stock’s performance was 12.96% in the latest trading, and 686.76% in the past year.
An evaluation of the daily trading volume of Microstrategy Inc (NASDAQ:MSTR) indicates that the 3-month average is 16.85 million. However, this figure has increased over the past 10 days to an average of 28.6.
Currently, records show that 202.64 million of the company’s shares remain outstanding. The insiders hold 19.60% of outstanding shares, whereas institutions hold 47.34%. The stats also highlight that short interest as of 2024-10-31, stood at 28.33 million shares, resulting in a short ratio of 1.5 at that time. From this, we can conclude that short interest is 1552.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 30.7 million. However, since the stock’s price has seen 509.21% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
