Crowdstrike Holdings Inc (CRWD) Outlook Starting To Look Brighter?

Crowdstrike Holdings Inc (CRWD) concluded trading on Wednesday at a closing price of $322.25, with 3.17 million shares of worth about $1.02 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 100.80% during that period and on March 27, 2024 the price saw a loss of about -2.35%. Currently the company’s common shares owned by public are about 229.38M shares, out of which, 223.65M shares are available for trading.

Stock saw a price change of -1.41% in past 5 days and over the past one month there was a price change of 0.32%. Year-to-date (YTD), CRWD shares are showing a performance of 26.21% which increased to 145.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $115.67 but also hit the highest price of $365.00 during that period. The average intraday trading volume for Crowdstrike Holdings Inc shares is 3.91 million. The stock is currently trading -0.18% below its 20-day simple moving average (SMA20), while that difference is up 2.86% for SMA50 and it goes to 49.01% higher than SMA200.

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Crowdstrike Holdings Inc (NASDAQ: CRWD) currently have 229.38M outstanding shares and institutions hold larger chunk of about 68.64% of that.

The stock has a current market capitalization of $77.94B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 887.74, while it has posted earnings per share of $0.36 in the same period. Its PEG reads 27.93 and has Quick Ratio of 1.67 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRWD, volatility over the week remained 3.32% while standing at 4.01% over the month.

Analysts are in expectations that Crowdstrike Holdings Inc (CRWD) stock would likely to be making an EPS of $0.9 in the current quarter, while forecast for next quarter EPS is $0.91 and it is $4.89 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.88 which is $0.96 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.57 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 27.15% while it is estimated to increase by 24.02% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on January 30, 2024 offering an Outperform rating for the stock and assigned a target price of $330 to it. Coverage by Bernstein stated Crowdstrike Holdings Inc (CRWD) stock as an Outperform in their note to investors on January 18, 2024, suggesting a price target of $334 for the stock. On January 09, 2024, Morgan Stanley Upgrade their recommendations, while on December 15, 2023, BMO Capital Markets Reiterated their ratings for the stock with a price target of $270. Stock get a Positive rating from Susquehanna on December 15, 2023.

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