The CrowdStrike Holdings, Inc. stock recently made an announcement regarding its Q2 earning report which is about to be publicized by August 30th, 2023, the estimated earnings and revenue are 0.558 and $724.135 Million, respectively.
CrowdStrike Holdings, Inc. has a debt-to-equity ratio of 45.4%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between CrowdStrike Holdings’ total assets of $5.14 Billion and total liabilities of $3.50 Billion. CrowdStrike Holdings’s debt is $741.38 Million, while its equity is $1.63 Billion.
CrowdStrike Holdings, Inc. experienced a decline in its earnings at a rate of 8% per year on average, as per Simply Wall St., a financial website. The software industry’s average annual earnings growth is 19.2%. Therefore, CrowdStrike Holdings’ earnings are lower than the industry’s average.
CrowdStrike stock is unprofitable but has enough cash flow to run the business properly for more than 3 years. Moreover, the company’s free cash flow is increasing at the rate of 60.9% per year which is a positive sign for CRWD.
Moreover, CrowdStrike Holdings, Inc. (CRWD) stock market capitalization is $36.119 Billion and the total revenue is $2.241 Billion. The stock’s basic EPS is -$0.65 and the price-to-earnings ratio is -238.8.
Technical Analysis of CRWD Stock Price in 1-D Timeframe
The price action shows that CrowdStrike Holdings, Inc. ( NASDAQ: CRWD) stock price was in an uptrend from the last three months and took support around $120 by May 5th,2023. It reached a high at $166 but the price faced rejection in the last few weeks and fell to the nearest demand zone.
At the time of writing, CrowdStrike Holdings, Inc. stock (CRWD) made a rebound from the demand zone where liquidity was present at around $140 and the CMP is $152.33, most probably CRWD stock might incline more or drop back to the liquidity demand zone.
Therefore, if CrowdStrike Holdings, Inc. fails to maintain the current level. The CRWD price could continue to drag downwards and hit the nearest support levels around $140.85 and $135.85.
However, if the stock price sustains the current level and the CrowdStrike Holdings price increases, then it might reach the nearest resistance levels of $159.85 and $166.84.
At the time of publishing, CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is trading above the 20, 50, 100, and 200-day major exponential moving averages (EMA), which highlights an upward trend in the CrowdStrike Holdings price (CRWD).
The current value of RSI is 52.17 points. The 14 SMA is below the median line at 48.25 points which indicates that CRWD stock is in bullish territory and the RSI took support from 14 SMA and might be aiming towards an overbought zone suggesting bullishness.
The MACD line at 0.2567 and signal line at 0.1601 are below the zero line and both lines are narrowing towards each other. A bullish crossover might occur next in the MACD oscillator which expresses bullishness for the CrowdStrike Holdings, Inc. stock price.
Summary
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock, highlights that the investors and traders of the stock price are positive over the daily time frame (1-D). The price action also gave bullish views at the time of publishing. The technical analysis tools of CRWD stock price also support bullishness. The EMA, RSI, and MACD suggest upward signals and highlight that an uptrend may go on in CrowdStrike Holdings’ stock price.
Technical Levels
- Support levels: The nearest support levels for CRWD stock price are $140.85 and $135.85.
- Resistance levels: The nearest resistance levels for the CrowdStrike Holdings 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.
Source: https://www.thecoinrepublic.com/2023/08/23/crwd-stock-price-prediction-how-high-can-nasdaq-crwd-reach/