Microstrategy Inc (NASDAQ:MSTR) shares traded 12.96% higher at $384.79 on Wall Street last session.
MSTR stock price is now 83.21% away from the 50-day moving average and 149.16% away from the 200-day moving average. The market capitalization of the company currently stands at $81.06B.
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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, Shao Wei-Ming, SEVP & General Counsel sold 18,000 shares of the company’s stock on Nov 13 ’24. The stock was sold for $6,624,133 at an average price of $368.01. Upon completion of the transaction, the SEVP & General Counsel now directly owns 6,460 shares in the company, valued at $2.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, SEVP & General Counsel Shao Wei-Ming sold 1,252 shares of the business’s stock. A total of $403,707 was realized by selling the stock at an average price of $322.45. This leaves the insider owning 7,708 shares of the company worth $2.97 million. A total of 19.60% 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 $383.40. 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 $204.8272 and a two-hundred day moving average price translates $152.7615 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.
