Microstrategy Inc. (NASDAQ: MSTR) – Suitable For Long Term Buy?

Currently, there are 184.96M common shares owned by the public and among those 182.91M shares have been available to trade.

The company’s stock has a 5-day price change of 21.72% and 27.93% over the past three months. MSTR shares are trading 179.00% year to date (YTD), with the 12-month market performance up to 458.31% 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 11.87 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 29.97%, 23.64%, and 45.16% respectively.

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Institutional ownership of Microstrategy Inc. (NASDAQ: MSTR) shares accounts for 50.35% of the company’s 184.96M shares outstanding.

It has a market capitalization of $32.59B and a beta (3y monthly) value of 3.11. 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 5.55% over the week and 6.68% over the month.

Earnings per share for the fiscal year are expected to decrease by -136.88%, and 55.97% 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. Barclays stated their Overweight rating for the stock in a research note on September 06, 2024, with the firm’s price target at $146. Cantor Fitzgerald coverage for the Microstrategy Inc. (MSTR) stock in a research note released on August 21, 2024 offered a Overweight rating with a price target of $194. Maxim Group was of a view on June 25, 2024 that the stock is Buy, while Bernstein gave the stock Outperform rating on June 14, 2024, issuing a price target of $2890. The Benchmark Company on their part issued Buy rating on February 27, 2024.

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