Daily Target 2X Long MSTR ETF (MSTX): fair value, margin of safety and Wheel Score

Is MSTX undervalued?

Daily Target 2X Long MSTR ETF (MSTX) closed at 14.64 on 5 Nov 2026. None of the nine GLS valuation models produced a positive value for the stock - the company lost money over the last twelve months, EPS -0.55 and it pays no dividend - so there is no GLS average fair value and no margin of safety to report. The quality, option and event numbers below still apply; the Quote page's Wall Street View shows what analysts expect instead.

MSTX looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.

Nine valuation models for MSTX

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Financial health is weak: MSTX passes 1 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. There is no GLS Moat score for MSTX: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.

Returns on capital are thin or negative - ROIC -51.0%, ROE -58.5%, ROA -46.9% - with debt at 0.15 times equity and negative free cash flow.

Daily Target 2X Long MSTR ETF pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.

Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 10: Weak

MSTX scores 10 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - a fund or note, not a company; and filter 3, below fair value - trades right at our fair value; and filter 4, financially healthy - Piotroski 1/9 (under 6); and filter 7, a premium worth selling - implied volatility 139% (over 80%); and filter 8, big enough - market cap $46M (under $1.0B), and the parts are thin too - value weak, premium weak, moat weak, health weak, red flags fair, option trading good, stability weak. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.

Implied volatility is 139%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is 38,450 contracts across all expiries - enough for the wheel at normal size.

Volume runs at 9.6M shares a day on a market cap of $46M, with a beta of 4.90 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for MSTX in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Asset Management - Leveraged

The 9 companies below are the closest to Daily Target 2X Long MSTR ETF by market cap within the Asset Management - Leveraged industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

⚖ Compare MSTX with 7 of them   All Financial Services stocks →