2024-05-17 15:14:13 ET
Summary
- MicroStrategy's Q1 revenues of $115.2 million missed estimates and showed declines in annualized growth rates.
- The company recorded net losses of $53.1 million, a significant decline from the previous year's net income figure.
- MicroStrategy saw growth in revenue from subscription services and increased its Bitcoin holdings, but its overall performance reflects weaknesses and investors should be very cautious.
- The stock has shown historical inabilities to sustain major rallies, and the volatility levels associated with MSTR make this a dangerous stock to hold in conservative portfolios.
MicroStrategy (MSTR) is widely known for its seemingly “all-in” Bitcoin ( BTC-USD ) outlook, but recent earnings figures show that the company might have little else to offer investors other than indirect access to the cryptocurrency market. During the first-quarter period, MicroStrategy reported revenues of $115.2 million, which missed analyst estimates of $121.73 million and indicated declines in annualized growth rates of 5.5%. Additionally, the company recorded per-share net losses of $3.09 (or $53.1 million), marking a massive decline from the per-share net income figure of $31.79 (or $461.2 million) that was achieved during the same period last year....
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MicroStrategy: Dangerous Stock, Sell All Rallies (Technical Analysis)