The Defiance Daily Target 1.75X Long MSTR ETF (MSTX) experienced a pre-market plunge of 5.08% on Tuesday, October 30th, ahead of MicroStrategy's (MSTR) highly anticipated Q3 earnings report scheduled for after the market close.
As a leveraged ETF that tracks the performance of MicroStrategy stock with 1.75x daily leverage, MSTX's price movements are amplified based on the underlying MSTR stock movements. The pre-market decline likely reflects investor concerns and bearish sentiment surrounding MicroStrategy's Q3 earnings expectations.
According to consensus estimates, analysts expect MicroStrategy to report a quarterly loss of $0.02 per share, which, while an improvement from the previous year, could disappoint investors. Additionally, revenue estimates for the quarter stand at $121.45 million, down 6.2% year-over-year, indicating potential challenges in the company's core business.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。