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Understanding CrowdStrike Holdings Inc. (NASDAQ: CRWD)’s Growth Potential

CrowdStrike Holdings Inc. (NASDAQ:CRWD) shares, rose in value on Wednesday, 06/22/22, with the stock price up by 0.65% to the previous day’s close as strong demand from buyers drove the stock to $165.71.

Actively observing the price movement in the last trading, the stock closed the session at $164.64, falling within a range of $161.897 and $171.67. The value of beta (5-year monthly) was 1.40. Referring to stock’s 52-week performance, its high was $298.48, and the low was $130.00. On the whole, CRWD has fluctuated by 11.41% over the past month.

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With the market capitalization of CrowdStrike Holdings Inc. currently standing at about $36.89 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 14, 2022 – Mar 18, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.23, which is expected to increase to $0.33 for fiscal year $1.1 and then to about $1.62 by fiscal year 2024. Data indicates that the EPS growth is expected to be 64.20% in 2024, while the next year’s EPS growth is forecast to be 47.30%.

Analysts have estimated the company’s revenue for the quarter at $463.11 million, with a low estimate of $459.03 million and a high estimate of $465.49 million. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $2.15 billion, representing an increase of 48.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CRWD’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CRWD currently trading nearly 2.06% and -6.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.93, while the 7-day volatility ratio is showing 5.15% which for the 30-day chart, stands at 6.27%. Furthermore, CrowdStrike Holdings Inc. (CRWD)’s average true range (ATR) is 11.06. The company’s stock has been forecasted to trade at an average price of $235.38 over the course of the next 52 weeks, with a low of $188.00 and a high of $385.00. Based on these price targets, the low is -13.45% off current price, whereas the price has to move -132.33% to reach the yearly target high. Additionally, analysts’ median price of $225.00 is likely to be welcomed by investors because it represents a decrease of -35.78% from the current levels.

Data on historical trading for CrowdStrike Holdings Inc. (NASDAQ:CRWD) indicates that the trading volumes over the past 10 days have averaged 4.1 million and over the past 3 months, they’ve averaged 4.77 million. According to company’s latest data on outstanding shares, there are 231.18 million shares outstanding.

Nearly 0.70% of CrowdStrike Holdings Inc.’s shares belong to company insiders and institutional investors own 75.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.33 million shares as on Apr 28, 2022, resulting in a short ratio of 3.31. According to the data, the short interest in CrowdStrike Holdings Inc. (CRWD) stood at 5.70% of shares outstanding as of Apr 28, 2022; the number of short shares registered in Mar 30, 2022 reached 11.63 million. The stock has fallen by -19.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRWD stock heading into the next quarter.

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