Microstrategy Inc (NASDAQ:MSTR) price on current trading day, fall -3.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $330.80.
A look at the stock’s price movement, the level at last check in today’s session was $341.05, moving within a range at $327.44 and $342.5982. The beta value (5-Year monthly) was 3.062. Turning to its 52-week performance, $543.00 and $43.87 were the 52-week high and 52-week low respectively. Overall, MSTR moved -6.47% over the past month.
Microstrategy Inc’s market cap currently stands at around $81.00 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 123.52M for the company’s revenue for the quarter, with a low and high estimate of 118.29M and 132.52M respectively. The average forecast suggests down to a -0.77% 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 to grow to 469.8M, representing a -5.33% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MSTR is a 50% 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 100% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 5 recommend MSTR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MSTR’s current price about -11.56% and 0.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.54, while 7-day volatility ratio is 9.37% and 9.51% in the 30-day chart. Further, Microstrategy Inc (MSTR) has a beta value of 3.22, and an average true range (ATR) of 35.73. Analysts have given the company’s stock an average 52-week price target of $270, forecast between a low of $146 and high of $570. Looking at the price targets, the low is 55.86% off recent price level in today’s trading while to achieve the yearly target high, it has to move -72.31%. Nonetheless, investors will most likely welcome a 18.38% jump to $270 which is the analysts’ median price.
If we refocus on Microstrategy Inc (NASDAQ:MSTR), historical trading data shows that trading volumes averaged 24.31 over the past 10 days and 26.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 243.53 million shares.
The 17.07% of Microstrategy Inc’s shares are in the hands of company insiders while institutional holders own 38.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.88 million on 2024-11-29, giving us a short ratio of 0.63. The data shows that as of 2024-11-29 short interest in Microstrategy Inc (MSTR) stood at 1087.0 of shares outstanding, with shares short falling to 28.33 million registered in 2024-10-31. Current price change has pushed the stock 423.73% 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.
