There is no way Microstrategy Inc. (MSTR) can keep these numbers up

Microstrategy Inc. (NASDAQ: MSTR) stock fell -0.58% on Friday to $486.22 against a previous-day closing price of $489.08. With 0.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $495.91 whereas the lowest price it dropped to was $483.39. The 52-week range on MSTR shows that it touched its highest point at $535.21 and its lowest point at $132.56 during that stretch. It currently has a 1-year price target of $536.00. Beta for the stock currently stands at 2.40.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MSTR was down-trending over the past week, with a drop of -4.51%, but this was up by 42.02% over a month. Three-month performance surged to 45.03% while six-month performance rose 68.66%. The stock gained 186.96% in the past year, while it has gained 243.45% so far this year. A look at the trailing 12-month EPS for MSTR yields 1.29 with Next year EPS estimates of -0.06. For the next quarter, that number is -0.56. This implies an EPS growth rate of 120.08% for this year and -100.23% for next year.

Float and Shares Shorts:

At present, 14.52 million MSTR shares are outstanding with a float of 12.49 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.0 million, which was 20.64% higher than short shares on Sep 28, 2023. In addition to Mr. Michael J. Saylor as the firm’s Executive Chairman, Mr. Phong Q. Le serves as its President, CEO & Director.

Institutional Ownership:

Through their ownership of 68.15% of MSTR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 41.14% of MSTR, in contrast to 17.59% held by mutual funds. Shares owned by individuals account for 0.93%. As the largest shareholder in MSTR with 12.82% of the stake, Capital Research & Management Co holds 1,554,039 shares worth 1,554,039. A second-largest stockholder of MSTR, The Vanguard Group, Inc., holds 1,094,505 shares, controlling over 9.03% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in MSTR, holding 760,511 shares or 6.27% stake. With a 6.61% stake in MSTR, the American Funds Growth Fund of Ame is the largest stakeholder. A total of 800,669 shares are owned by the mutual fund manager. The American Funds Fundamental Invest, which owns about 4.21% of MSTR stock, is the second-largest Mutual Fund holder. It holds 509,755 shares valued at 215.83 million. Vanguard Total Stock Market ETF holds 2.66% of the stake in MSTR, owning 322,528 shares worth 136.56 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MSTR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MSTR analysts setting a high price target of $560.00 and a low target of $510.00, the average target price over the next 12 months is $536.00. Based on these targets, MSTR could surge 15.17% to reach the target high and rise by 4.89% to reach the target low. Reaching the average price target will result in a growth of 10.24% from current levels.

Summary of Insider Activity:

Insiders traded MSTR stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 1,000 shares were bought while 1,000 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 64,650 while 63,777 shares were sold.