Is MicroStrategy a Good Stock to Own in 2022?

Is MicroStrategy a Good Stock to Own in 2022?

Business intelligence company MicroStrategy’s (MSTR) shares have tumbled in price recently because of growing pessimism surrounding the company’s expanding bitcoin holdings. With bitcoin plunging as a crypto retreat continues, MSTR’s growth prospects look gloomy. Also, given MSTR’s weak profitability, can the stock recover soon? Read ahead to learn more.

Is MicroStrategy a Good Stock to Own in 2022? – StockNews

Enterprise analytics and cloud-based services provider MicroStrategy Incorporated (MSTR) offers modern analytics solutions across devices via hyperintelligence products and custom applications. The Tysons Corner, Va.-based pioneer in the BI space bought more than $94 million worth of cryptocurrency last month to take advantage of a major correction in the crypto market. 

However, MSTR’s stock has dipped 23.1% in price over the past month and 30.3% over the past three months on investor anxiety surrounding its increasing investments in the volatile digital asset. Closing its last session at $482.95, MSTR’s…

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