Crowdstrike Holdings Inc (NASDAQ: CRWD) – Time For Strategy Change?

Crowdstrike Holdings Inc (NASDAQ:CRWD) currently has a daily average trading volume of 7.64M but it saw 9767780 shares traded in last market. With a market cap of 54.57B USD, the company’s current market price of $224.22 came falling about -3.34 while comparing to the previous closing price of $231.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $398.33 and as low as $140.52.

Taking a look at 20-day trading activity of Crowdstrike Holdings Inc (CRWD) gives us an average price of $314.09, while its current price level is -43.71% below from 52-week high level whereas it is 59.56% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $343.59 while that of 200 days or SMA-200 reads an average of $292.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.03% during that period while stretching the period over a month that decreases to 4.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 16.74 which implies that the stock is in oversold territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Evercore ISI which reiterated the stock as “Outperform” in its note to investors issued on July 30, 2024, recommending a price target of between $350 and $325 for it. HSBC Securities downgraded its recommendation for the stock as a “Hold” from “Buy” on July 23, 2024 while assigning a price target range of $388-$302. Scotiabank issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $393 and $300.

Over the week, CRWD’s stock price is moving -11.78% down while it is -41.77% when we observe its performance for the past one month. Year-to-date it is -12.18% down and over the past year, the stock is showing an upside performance of 35.10%.

Currently, Crowdstrike Holdings Inc’s total number of outstanding shares is 229.38M. Company’s return on investment (ROI) stands at 3.97% and return on equity (ROE) at 6.36%. It has a price to earnings ratio (P/E ratio) of 421.39 while having a 46.58 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 21.50 while price to sale or P/S ratio amounts to 16.62. Its return on asset (ROA) is 2.20% on average.