In yesterday’s Wall Street session, Microstrategy Inc. (NASDAQ:MSTR) shares traded at $133.69, down -1.23% from the previous session.
MSTR stock price is now -9.23% away from the 50-day moving average and 21.79% away from the 200-day moving average. The market capitalization of the company currently stands at $23.62B.
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With the price target of $1835, Maxim Group recently initiated with Buy rating for Microstrategy Inc. (NASDAQ: MSTR). On June 14, 2024, Bernstein recently initiated its ‘Outperform’ rating on the stock quoting a target price of $2890, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Le Phong, President & CEO sold 48,838 shares of the company’s stock on Aug 16 ’24. The stock was sold for $6,612,677 at an average price of $135.40. Upon completion of the transaction, the President & CEO now directly owns 12,670 shares in the company, valued at $1.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Officer PHONG LE bought 48,838 shares of the business’s stock. A total of $6,612,909 was incurred on buying the stock at an average price of $135.41. A total of 1.23% of the company’s stock is owned by insiders.
During the past 12 months, Microstrategy Inc. has had a low of $30.71 and a high of $200.00. As of last week, the company has a debt-to-equity ratio of 1.38, a current ratio of 0.47, and a quick ratio of 0.47. The fifty day moving average price for MSTR is $146.7664 and a two-hundred day moving average price translates $110.228294 for the stock.
The latest earnings results from Microstrategy Inc. (NASDAQ: MSTR) was released for 2024-06-30. The net profit margin was -43.69% and return on equity was -11.49% for MSTR. The company reported revenue of $111.44 million for the quarter, compared to $120.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.44 percent.
