MicroStrategy Inc. Surges to New 52-Week High

Shares of MicroStrategy Inc. (MSTR) increased 17 percent to $115.27 after breaking earlier above the recent 52-wk range highs of $98 per share. The equity has already gained 72% from its May 6, 2010, 52-week lows and the stock is up almost 285% from the peak of the panic selling during May 2009.

Volume has exploded with more than 610,000 million MSTR shares already trading hands compared to a daily average volume of just 92,000. The day’s range so far for shares of MicroStrategy Inc., which closed at $93.01 in the previous trading session and opened today at $104.86, has been between $103.04 and a 52-week high of $115.27 per share.

The average pps target of analysts who cover MicroStratey Inc. is $87.50 per share with a high target of $109.00 p/sh. The company, which currently trades at a trailing P/E of 28.03 and a forward multiple of 31.10, has a market cap of $1.17 billion and a P/E (price-to-earnings ratio) of 1.97.

At last check, MSTR shares were up $13.98, or 15.03%, to $106.99.

MicroStrategy Incorporated provides business intelligence (BI) software worldwide. The company was founded in 1989 and is based in McLean, Virginia.

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About Ron Haruni 1069 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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