The trading price of CoreWeave Inc (NASDAQ:CRWV) closed higher on Tuesday, May 27, and closing at $123.97, 20.66% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $116.54 and a 52-week low of $33.51. Over the past month, the stock has gained 198.44% in value.
CoreWeave Inc, whose market valuation is $59.50 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that CRWV’s price is currently 78.16% off the SMA20 and 119.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 82.70, and weekly volatility stands at 12.36%. When measured over the past 30 days, the indicator reaches 8.16%. CoreWeave Inc (NASDAQ:CRWV)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 10.45. With analysts defining $36-$85 as the low and high price targets, we arrive at a consensus price target of $53 for the trailing 12-month period. The current price is about 70.96% off the estimated low and 31.44% off the forecast high, based on this estimate. Investors will be thrilled if CRWV’s share price rises to $53, which is the median consensus price. At that level, CRWV’s share price would be 57.25% above current price.
To see how CoreWeave Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CRWV stock’s performance was 20.66% in the latest trading.
An evaluation of the daily trading volume of CoreWeave Inc (NASDAQ:CRWV) indicates that the 3-month average is 18.52 million.
Currently, records show that 317.43 million of the company’s shares remain outstanding. The insiders hold 44.60% of outstanding shares, whereas institutions hold 39.07%. However, since the stock’s price has seen 209.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
