The Business Case For Buying Crowdstrike Holdings Inc (NASDAQ: CRWD) Stock Now

Crowdstrike Holdings Inc (NASDAQ:CRWD) price is hovering lower on Wednesday, April 17, dropping -0.75% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $299.15. The company’s P/E ratio in the trailing 12-month period read 817.96. Taking into account the 52-week price action we note that the stock hit a 52-week high of $365.00 and 52-week low of $115.67. The stock subtracted -7.52% on its value in the past month.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CRWD a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 27.71. The overview shows that CRWD’s price is at present -6.46% off the SMA20 and -6.87% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 36.69, with weekly volatility standing at 2.89%. The indicator jumps to 3.03% when calculated based on the past 30 days. Crowdstrike Holdings Inc (NASDAQ:CRWD)’s beta value is holding at 1.07, while the average true range (ATR) indicator is currently reading 10.64.

An analysis of the Crowdstrike Holdings Inc (NASDAQ:CRWD) stock in terms of its daily trading volume indicates that the 3-month average is 3.69 million.

Current records show that the company has 229.38M in outstanding shares. The insiders’ percentage holdings are 7.50% of outstanding shares while the percentage share held by institutions stands at 68.59%. But the 16.29% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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