Microstrategy Inc. [MSTR] stock is trading at $796.48, up 15.86%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MSTR shares have gain 13.85% over the last week, with a monthly amount glided 73.99%, and seem to be holding up well over a long-time horizon.
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On 17, January 2024, MicroStrategy Announces Earnings Release Date and Live Video Webinar for Fourth Quarter 2023 Financial Results. In a post published today on Yahoo Finance, MicroStrategy® (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced it will report its financial results for the fourth quarter of 2023 after the U.S. financial markets close on Tuesday, February 6, 2024 and will host a live Video Webinar at 5:00 p.m. Eastern Time to discuss the results.
From an analyst’s perspective:
Microstrategy Inc. [NASDAQ: MSTR] stock has seen the most recent analyst activity on December 11, 2023, when BTIG Research reiterated its Buy rating and also boosted its price target to $690 from $560. Previously, TD Cowen started tracking the stock with Outperform rating on July 26, 2023, and set its price target to $520. Berenberg started tracking the stock assigning a Buy rating and suggested a price target of $430 on April 28, 2023. Jefferies downgraded its rating to a Underperform but $180 remained the price target by the analyst firm on July 26, 2022. In a note dated April 09, 2021, Canaccord Genuity initiated an Buy rating and provided a target price of $920 on this stock.
Microstrategy Inc. [MSTR] stock has fluctuated between $188.30 and $806.78 over the past year. Currently, Wall Street analysts expect the stock to reach $255 within the next 12 months. Microstrategy Inc. [NASDAQ: MSTR] shares were valued at $796.48 at the most recent close of the market. An investor can expect a potential drop of -67.98% based on the average MSTR price forecast.
Analyzing the MSTR fundamentals
Microstrategy Inc. [NASDAQ:MSTR] reported sales of 496.26M for the trailing twelve months, which represents a drop of -6.09%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 719.63 points at the first support level, and at 642.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 841.64, and for the 2nd resistance point, it is at 886.80.
Microstrategy Inc. [MSTR] reported earnings per share of $5.62 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.55/share, meaning a difference of $5.07 and a surprise factor of 921.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$8.98 per share as compared to estimates of $0.69 per share, a difference of -$9.67 representing a surprise of -1,401.40%.
Ratios To Look Out For
For context, Microstrategy Inc.’s Current Ratio is 0.83. Also, the Quick Ratio is 0.83, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 27.24, the price to book ratio is 6.21 and price to earnings (TTM) ratio is 28.26.
Transactions by insiders
Recent insider trading involved SAYLOR MICHAEL J, Executive Chairman, that happened on Feb 23 when 5000.0 shares were sold. Executive Chairman, SAYLOR MICHAEL J completed a deal on Feb 22 to sell 5000.0 shares. Meanwhile, Director Patten Jarrod M sold 925.0 shares on Feb 22.
