Strategy (NASDAQ:MSTR) price on current trading day, rose 5.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $263.27.
A look at the stock’s price movement, the close in the last trading session was $250.51. Turning to its 52-week performance, $543.00 and $68.79 were the 52-week high and 52-week low respectively. Overall, MSTR moved -24.33% over the past month.
Strategy’s market cap currently stands at around $67.97 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 116.66M for the company’s revenue for the quarter, with a low and high estimate of 111.93M and 124.9M respectively. The average forecast suggests up to a 1.23% 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 477.86M, representing a 3.11% jump 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 Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 -17.95% and -22.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.19, while 7-day volatility ratio is 8.68% and 6.51% in the 30-day chart. Further, Strategy (MSTR) has a beta value of 3.37, and an average true range (ATR) of 23.65. 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 44.54% off current price level while to achieve the yearly target high, price needs to move -116.51%. Nonetheless, investors will most likely welcome a -2.56% jump to $270 which is the analysts’ median price.
If we refocus on Strategy (NASDAQ:MSTR), historical trading data shows that trading volumes averaged 20.73 million over the past 3 months. The company’s latest data on shares outstanding shows there are 258.18 million shares.
The 7.79% of Strategy’s shares are in the hands of company insiders while institutional holders own 41.41% of the company’s shares. Current price change has pushed the stock -9.10% 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.
