Microstrategy Inc (NASDAQ:MSTR) price on Wednesday, January 15, rose 5.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $360.62.
A look at the stock’s price movement, the close in the last trading session was $342.17, moving within a range at $353.0129 and $368.42. 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 -8.05% over the past month.
Microstrategy Inc’s market cap currently stands at around $88.63 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 122.67M 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 -1.46% 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 467.93M, representing a -5.71% 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 5.44% and 2.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.15, while 7-day volatility ratio is 6.91% and 8.87% in the 30-day chart. Further, Microstrategy Inc (MSTR) has a beta value of 3.24, and an average true range (ATR) of 32.89. 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 59.51% off current price level while to achieve the yearly target high, price needs to move -58.06%. Nonetheless, investors will most likely welcome a 25.13% 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 21.12 over the past 10 days and 27.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 245.78 million shares.
The 16.19% of Microstrategy Inc’s shares are in the hands of company insiders while institutional holders own 38.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 23.25 million on 2024-12-31, giving us a short ratio of 0.93. The data shows that as of 2024-12-31 short interest in Microstrategy Inc (MSTR) stood at 1030.0 of shares outstanding, with shares short rising to 22.88 million registered in 2024-11-29. Current price change has pushed the stock 24.51% 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.
