In today’s recent session, 7.06 million shares of the Microstrategy Inc (NASDAQ:MSTR) have been traded, and its beta is 3.25. Most recently the company’s share price was $304.48, and it changed around $1.52 or 0.50% from the last close, which brings the market valuation of the company to $74.55B. MSTR at last check was trading at a discount to its 52-week high of $543.00, offering almost -78.34% off that amount. The share price’s 52-week low was $43.87, which indicates that the recent value has risen by an impressive 85.59% since then. We note from Microstrategy Inc’s average daily trading volume that its 10-day average is 23.99 million shares, with the 3-month average coming to 27.13 million.
Microstrategy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.64. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended MSTR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Microstrategy Inc is expected to report earnings per share of 0.05 for the current quarter.
Microstrategy Inc (NASDAQ:MSTR) trade information
Instantly MSTR has been showing a green trend so far today with a performance of 0.50% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 361.00 on recent trading dayincreased the stock’s daily price by 15.66%. The company’s shares are currently up 382.06% year-to-date, but still down -8.35% over the last five days. On the other hand, Microstrategy Inc (NASDAQ:MSTR) is -21.42% down in the 30-day period. We can see from the shorts that 23.79 million shares have been sold at a short interest cover period of 0.64 day(s).
The consensus price target as assigned by Wall Street analysts is $270, which translates to bulls needing to decrease their stock price by -12.77% from its current value. Analyst projections state that MSTR is forecast to be at a low of $146 and a high of $570.
Microstrategy Inc (MSTR) estimates and forecasts
The year-over-year growth rate is expected to be -5.33%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 123.52M in revenue for the current quarter. 4 analysts expect Microstrategy Inc to make 115.22M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 124.48M and 115.25M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.77%. Forecasts for the next quarter put sales growth at -0.02%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 68.03%. Microstrategy Inc earnings are expected to increase by -194.35% in 2024, but the outlook is positive 10.00% per year for the next five years.
MSTR Dividends
Microstrategy Inc’s next quarterly earnings report is expected to be released in January.
Microstrategy Inc (NASDAQ:MSTR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.20% of Microstrategy Inc shares, and 42.22% of them are in the hands of institutional investors. The stock currently has a share float of 42.31%. Microstrategy Inc stock is held by 895.0 institutions, with CAPITAL INTERNATIONAL INVESTORS being the largest institutional investor. By 2024-06-30, it held 10.0356% of the shares, which is about 1.73 million shares worth $2.38 billion.
VANGUARD GROUP INC, with 9.0157% or 1.55 million shares worth $2.14 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Growth Fund of America Inc and Fundamental Investors Inc were the top two Mutual Funds as of Sep 30, 2024 . The former held 8.24 shares worth $2.49 billion, making up 3.75% of all outstanding shares. On the other hand, Fundamental Investors Inc held roughly 6.28 shares worth around $1.9 billion, which represents about 2.85% of the total shares outstanding.
