|Bid||250.00 x 1100|
|Ask||251.60 x 1200|
|Day's Range||222.41 - 248.77|
|52 Week Range||90.00 - 248.77|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||1,248.64|
|Earnings Date||Jan 26, 2021 - Feb 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||215.00|
A noted short-selling analyst issued a bullish take on the stock. The report is all about MicroStrategy's massive bitcoin investment.
Bitcoin soared above $19,000 on Tuesday for the first time since the heady days of December 2017. Bitcoin has ridden a wave of enthusiasm from some new corners this year. Notably, billionaires and institutional investors are warming to the digital asset, citing the loose monetary policies at the Federal Reserve as one reason.
There is now ‘a greater urgency by institutional investors to not miss out — to invest some of their assets in bitcoin, because this time looks different.’