In yesterday’s Wall Street session, Microstrategy Inc (NASDAQ:MSTR) shares traded at $302.96, down -8.19% from the previous session.
MSTR stock price is now -8.50% away from the 50-day moving average and 55.89% away from the 200-day moving average. The market capitalization of the company currently stands at $71.78B.
With the price target enhanced from $193 to $270, Maxim Group maintained Buy rating for Microstrategy Inc (NASDAQ: MSTR). On September 06, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $146, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, GRAHAM STEPHEN X, Director sold 20,000 shares of the company’s stock on Nov 21 ’24. The stock was sold for $9,027,276 at an average price of $451.36. Upon completion of the transaction, the Director now directly owns 6,970 shares in the company, valued at $2.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Director STEPHEN GRAHAM bought 20,000 shares of the business’s stock. A total of $9,027,246 was incurred on buying the stock at an average price of $451.36. A total of 17.03% of the company’s stock is owned by insiders.
During the past 12 months, Microstrategy Inc has had a low of $43.87 and a high of $543.00. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 0.65, and a quick ratio of 0.65. The fifty day moving average price for MSTR is $331.0896 and a two-hundred day moving average price translates $194.3433 for the stock.
The latest earnings results from Microstrategy Inc (NASDAQ: MSTR) was released for 2024-09-30. The net profit margin was -87.05% and return on equity was -17.63% for MSTR. The company reported revenue of $116.07 million for the quarter, compared to $129.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.34 percent.
