Microstrategy Inc. (MSTR): Street Finally Waking Up

Currently, there are 176.64M common shares owned by the public and among those 174.56M shares have been available to trade.

The company’s stock has a 5-day price change of 0.43% and 11.36% over the past three months. MSTR shares are trading 108.13% year to date (YTD), with the 12-month market performance up to 247.77% higher. It has a 12-month low price of $30.71 and touched a high of $200.00 over the same period. MSTR has an average intraday trading volume of 13.02 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.88%, -12.77%, and 22.81% respectively.

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Institutional ownership of Microstrategy Inc. (NASDAQ: MSTR) shares accounts for 55.42% of the company’s 176.64M shares outstanding.

It has a market capitalization of $23.22B and a beta (3y monthly) value of 3.15. The earnings-per-share (ttm) stands at -$10.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.04% over the week and 9.55% over the month.

Earnings per share for the fiscal year are expected to decrease by -133.21%, and 57.95% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 68.03% over the past 5-year period.

Looking at the support for the MSTR, a number of firms have released research notes about the stock. Maxim Group stated their Buy rating for the stock in a research note on June 25, 2024, with the firm’s price target at $1835. Bernstein coverage for the Microstrategy Inc. (MSTR) stock in a research note released on June 14, 2024 offered a Outperform rating with a price target of $2890. The Benchmark Company was of a view on February 27, 2024 that the stock is Buy, while BTIG Research gave the stock Buy rating on December 11, 2023, issuing a price target of $560- $690. TD Cowen on their part issued Outperform rating on July 26, 2023.

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