CrowdStrike Holdings, Inc. is a software firm that provides cloud-based security solutions. It is expected to announce its Q2 earnings report on August 30th, 2023. The estimated earnings and revenue are $0.558 and $724.135 Million, respectively.
According to Simply Wall St., a financial website, CrowdStrike Holdings, Inc. has more equity than debt, which is the difference between its total assets of $5.14 Billion and total liabilities of $3.50 Billion. Its debt-to-equity ratio is 45.4%, which means that it has $741.38 Million of debt and $1.63 Billion of equity.
CrowdStrike Holdings, Inc. has seen its earnings decrease by 8% per year on average, as per Simply Wall St. This is lower than the software industry’s average annual earnings growth of 19.2%.
CrowdStrike stock is not profitable but has enough cash flow to operate the business for more than 3 years. The company’s free cash flow is also growing at 60.9% per year, which is a positive sign for the stock.
Furthermore, CrowdStrike Holdings, Inc. has a market capitalization of $36.119 Billion and a total revenue of $2.241 Billion. Its basic EPS is -$0.65 and its price-to-earnings ratio is -238.8
Technical Analysis over 1-D Timeframe
CrowdStrike Holdings, Inc. ( NASDAQ: CRWD) stock price has been rising for the last three months and it bounced from around $120 by May 5th,2023. It reached a peak at $166 but the price faced resistance in the last few weeks and dropped to the nearest supply zone.
At the time of writing, CrowdStrike Holdings, Inc. stock (CRWD) is trading around the supply zone where liquidity was present at around $140 and the CMP is $144.03. It is likely that the stock might fall further and return to the liquidity supply zone.
Therefore, if CrowdStrike Holdings, Inc. cannot hold the current level, the stock price could keep going downwards and hit the nearest support levels at around $140.85 and $135.85.
However, if the stock price maintains the current level and the price rises, then it might reach the nearest resistance levels of $159.85 and $166.84.
At the time of publishing, CRWD stock is trading below the 20 and 50-day major exponential moving averages (EMAs), indicating pressure from the sellers.
The current value of RSI is 43.97 points. The 14 SMA is below the median line at 47.94 points which indicates that CRWD stock is in bearish territory.
The MACD line at 0.8269 and signal line at 0.3371 are below the zero line and both lines have crossed each other. A bearish crossover is observed in the MACD oscillator which expresses bearishness for the stock price.
Conclusion
CrowdStrike Holdings, Inc. stock currently reflects a negative sentiment among investors and traders in the daily time frame (1-D). The price action observed at the time of publishing also indicates a bearish outlook. Additionally, the technical analysis indicators for CRWD stock price corroborate this bearish view. The EMA, RSI, and MACD indicators all signal downward movements and suggest the continuation of a downtrend in the price.
Technical Levels
- Support levels: The nearest support levels for CrowdStrike Holdings stock price are $140.85 and $135.85.
- Resistance levels: The nearest resistance levels for the CRWD stock price are $159.85 and $166.84.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/08/29/crowdstrike-stock-price-forecast-can-crwd-reach-160/