CrowdStrike Holdings Inc. works in the technology services sector and has its headquarters in Austin. The company currently has 7.273K employees and the market cap/employee ratio of the company is $5.38 Million. The current CEO of the company is George P. Kurtz, who is also one of the founders of the company.
CrowdStrike has planned to acquire a cyber startup named Bionic for $350 Million but the company is already in a loss of $183.245 Million, following a debt of $783.62 Million for the year 2022. Despite the following losses, the crowdstrike will now be able to market in a variety of enterprise security spending categories.
The current beta of the share is 1.17 which makes the share price more volatile than the market as a whole. CRWD also has an average volume of 3.37 Million and the company does not pay any dividends. The current gross margin of the company stands at 73.95% and the market cap of the company is $39 Billion. It has been consistently advancing in the last few weeks.
The CRWD Stock Performance Analysis
CrowdStrike Holdings company revenue has advanced by $0.79 Billion between 2021 and 2022. Its profit margin for the same year is negative by 8.18%. The debt for the company has also slightly advanced, but the free cash flow has also increased resulting in $687.26M. The financials of the company are good enough as the figures of the company are advancing with time.
The CRWD Share Technical Analysis
a by writer11_gsm on TradingView.com
The CRWD share is following a bullish market structure, advancing from the lower levels and making a higher high swing structure. The stock is currently making a bearish candlestick pattern declining from higher levels.
As the price has been consistently advancing to higher levels. The EMAs are trading in a golden cross, which indicates the dominance of buyers in the market.
The RSI for the CRWD share is trading in an uptrend, sustaining above the 50-level. If the RSI value breaks below the 50-level, then the price will be uncertain.
Technical Overview of CRWD Stock
The technical indicators, mainly the oscillators are bullish for CRWD stock. Analysts are recommending a buy based on the financial performance of the stock. It represents strong bullishness in the market trend of the CRWD share.
Conclusion
The company has good financials and its debt is limited based on the revenue of the company. It is also planning for the acquisition of a startup company and the technicals are supporting a bullish move.
Therefore, the CRWD stock price can advance to higher levels if it sustains above the level of $140.00.
Technical Levels
- Support levels for the CRWD share are – $115.00 and $140.00
- Resistance levels for the CRWD share are – $182.00 and $205.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in 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/2023/09/21/how-can-bionic-acquisition-impact-crwd-share-in-the-long-term/