At the time of writing, Microstrategy Inc. [MSTR] stock is trading at $1856.00, up 21.86%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MSTR shares have gain 23.51% over the last week, with a monthly amount glided 169.99%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, MicroStrategy Cloud enables University of Auckland to Revolutionise Data Accessibility. In a post published today on Yahoo Finance, Waipapa Taumata Rau, University of Auckland has enhanced its data analytics capabilities by adopting MicroStrategy as its enterprise Business Intelligence (BI) platform. With over 6000 users leveraging MicroStrategy’s robust features, the University is prioritising user experience as a pivotal factor in its BI journey.
From an analyst’s perspective:
Microstrategy Inc. [NASDAQ: MSTR] stock has seen the most recent analyst activity on February 27, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $990. Previously, BTIG Research reaffirmed its Buy rating on December 11, 2023, and elevated its price target to $690. On July 26, 2023, TD Cowen initiated with a Outperform rating and assigned a price target of $520 on the stock. Berenberg initiated its recommendation with a Buy and recommended $430 as its price target on April 28, 2023. Jefferies downgraded its rating to Underperform for this stock on July 26, 2022, but kept the price target unchanged to $180. In a note dated May 04, 2021, William Blair initiated an Outperform rating.
For the past year, the stock price of Microstrategy Inc. fluctuated between $230.72 and $1815.00. Currently, Wall Street analysts expect the stock to reach $255 within the next 12 months. Microstrategy Inc. [NASDAQ: MSTR] shares were valued at $1856.00 at the most recent close of the market. An investor can expect a potential drop of -86.26% based on the average MSTR price forecast.
Analyzing the MSTR fundamentals
According to Microstrategy Inc. [NASDAQ:MSTR], the company’s sales were 496.26M for trailing twelve months, which represents an -6.09% plunge. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is 0.86%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.4 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.01.
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 1,675.73 points at the first support level, and at 1,495.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,954.96, and for the 2nd resistance point, it is at 2,053.92.
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
It is important to note that Microstrategy Inc. [NASDAQ:MSTR] has a current ratio of 0.83. As well, the Quick Ratio is 0.83, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 63.47, the price to book ratio is 14.46 and price to earnings (TTM) ratio is 65.86.
Transactions by insiders
Recent insider trading involved SAYLOR MICHAEL J, Executive Chairman, that happened on Mar 22 ’24 when 5000.0 shares were sold. Executive Chairman, SAYLOR MICHAEL J completed a deal on Mar 21 ’24 to sell 3740.0 shares. Meanwhile, Director Patten Jarrod M sold 3675.0 shares on Mar 21 ’24.
