Microstrategy Inc (NASDAQ: MSTR) Loses -24.74% From High. Why That Could Change?

Currently, there are 224.68M common shares owned by the public and among those 184.96M shares have been available to trade.

The company’s stock has a 5-day price change of 3.46% and 203.78% over the past three months. MSTR shares are trading 547.02% year to date (YTD), with the 12-month market performance up to 597.39% higher. It has a 12-month low price of $43.87 and touched a high of $543.00 over the same period. MSTR has an average intraday trading volume of 25.21 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 3.74%, 36.42%, and 122.32% respectively.

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Institutional ownership of Microstrategy Inc (NASDAQ: MSTR) shares accounts for 42.25% of the company’s 224.68M shares outstanding.

It has a market capitalization of $95.68B and a beta (3y monthly) value of 3.21. The earnings-per-share (ttm) stands at -$2.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.35% over the week and 12.28% over the month.

Earnings per share for the fiscal year are expected to decrease by -194.50%, and 68.12% 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 October 31, 2024, with the firm’s price target at $193-$270. Barclays coverage for the Microstrategy Inc (MSTR) stock in a research note released on September 06, 2024 offered a Overweight rating with a price target of $146. Cantor Fitzgerald was of a view on August 21, 2024 that the stock is Overweight, while Maxim Group gave the stock Buy rating on June 25, 2024, issuing a price target of $1835. Bernstein on their part issued Outperform rating on June 14, 2024.

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