CoreWeave Inc (NASDAQ:CRWV) price on Thursday, June 12, fall -0.49% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $148.97.
A look at the stock’s price movement, the close in the last trading session was $149.70. Turning to its 52-week performance, $166.63 and $33.51 were the 52-week high and 52-week low respectively. Overall, CRWV moved 135.49% over the past month.
CoreWeave Inc’s market cap currently stands at around $71.50 billion, with investors looking forward to this quarter’s earnings report slated for in July.
CRWV’s current price about 23.38% and 93.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.01, while 7-day volatility ratio is 8.85% and 10.96% in the 30-day chart. Further, CoreWeave Inc (CRWV) has a beta value of 0, and an average true range (ATR) of 15.17. Analysts have given the company’s stock an average 52-week price target of $53, forecast between a low of $36 and high of $85. Looking at the price targets, the low is 75.83% off current price level while to achieve the yearly target high, price needs to move 42.94%. Nonetheless, investors will most likely welcome a 64.42% jump to $53 which is the analysts’ median price.
If we refocus on CoreWeave Inc (NASDAQ:CRWV), historical trading data shows that trading volumes averaged 22.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 317.43 million shares.
The 44.62% of CoreWeave Inc’s shares are in the hands of company insiders while institutional holders own 39.05% of the company’s shares. Current price change has pushed the stock 272.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRWV stock continues to rise going into the next quarter.
