Microstrategy Inc. (NASDAQ: MSTR): Incline Of 65.93% Looks Weak With A Stock Forecast 2024

In the last trading session, 1.46 million shares of the Microstrategy Inc. (NASDAQ:MSTR) were traded, and its beta was 2.98. Most recently the company’s share price was $1174.11, and it changed around -$34.05 or -2.82% from the last close, which brings the market valuation of the company to $19.92B. MSTR currently trades at a discount to its 52-week high of $1999.99, offering almost -70.34% off that amount. The share price’s 52-week low was $266.00, which indicates that the current value has risen by an impressive 77.34% since then. We note from Microstrategy Inc.’s average daily trading volume that its 3-month average coming to 2.30 million.

Microstrategy Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended MSTR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Microstrategy Inc. is expected to report earnings per share of $Direxion Shares ETF Trust Direx for the current quarter.

Microstrategy Inc. (NASDAQ:MSTR) trade information

Instantly MSTR has showed a red trend with a performance of -2.82% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 85.89% year-to-date, but still down -20.65% over the last five days. On the other hand, Microstrategy Inc. (NASDAQ:MSTR) is -24.08% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $255, which translates to bulls needing to decrease their stock price by -360.44% from its current value. Analyst projections state that MSTR is forecast to be at a low of $110 and a high of $400.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 68.04%. Microstrategy Inc. earnings are expected to increase by -107.17% in 2024, but the outlook is positive 10.00% per year for the next five years.