Analysts forecast a $2.19 per share loss for MicroStrategy amid Bitcoin’s decline, despite revenue rising to $121.88 million.
MicroStrategy (NASDAQ:MSTR) will release second-quarter earnings after Thursday’s market close, with analysts expecting a $2.19 per share loss. Revenue is projected to reach $121.88 million, up 6.4% year-over-year, but Bitcoin’s downturn may offset gains.
The company holds 843,775 BTC, valued at over $55 billion, currently facing paper losses exceeding $8 billion. Short interest in MSTR stock has climbed to $42.80 million, or 12.7% of its float, signaling bearish sentiment. Analysts remain divided, with a consensus price target of $360 and a “Buy” rating, while Barclays assigned an “Overweight” rating with a $130 target.
Technical indicators present mixed signals, with the MACD flashing a “Buy” while the RSI hovers near neutral levels.