Microstrategy Inc. (NASDAQ:MSTR) shares, rose in value, with the stock price down by -5.06% to the previous day’s close as strong demand from buyers drove the stock to $1676.85.
Actively observing the price movement in the last trading, the stock closed the session at $1766.15. The value of beta (5-year monthly) was 2.83 whereas the PE ratio was 59.50 over 12-month period. Referring to stock’s 52-week performance, its high was $1774.00, and the low was $216.53. On the whole, MSTR has fluctuated by 144.43% over the past month.
With the market capitalization of Microstrategy Inc. currently standing at about $28.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 29, 2024 – May 03, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to $0.34 for fiscal year $0.73 and then to about $1.48 by fiscal year 2025. Data indicates that the EPS growth is expected to be -97.40% in 2025, while the next year’s EPS growth is forecast to be 102.70%.
Analysts have estimated the company’s revenue for the quarter at $121.02 million, with a low estimate of $116.4 million and a high estimate of $124.2 million. According to the average forecast, sales growth in current quarter could jump up 1.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $499.92 million, representing an increase of 0.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MSTR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.95, with the price of MSTR currently trading nearly 60.47% and 125.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.04, while the 7-day volatility ratio is showing 11.65% which for the 30-day chart, stands at 10.58%. Furthermore, Microstrategy Inc. (MSTR)’s beta value is 2.84, and its average true range (ATR) is 131.75.
A comparison of Microstrategy Inc. (MSTR) with its peers suggests the former has fared considerably weaker in the market. MSTR showed an intraday change of -5.06% in last session, and over the past year, it grew by 630.75%%.
Data on historical trading for Microstrategy Inc. (NASDAQ:MSTR) indicates that the trading volumes over the past 10 days have averaged 3.98 million and over the past 3 months, they’ve averaged 1.86 million. According to company’s latest data on outstanding shares, there are 16.97 million shares outstanding.
Nearly 11.64% of Microstrategy Inc.’s shares belong to company insiders and institutional investors own 49.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.89 million shares as on Feb 29, 2024, resulting in a short ratio of 1.77. According to the data, the short interest in Microstrategy Inc. (MSTR) stood at 17.02% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 3.04 million. The stock has risen by 165.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MSTR stock heading into the next quarter.
