|Bid||215.10 x 800|
|Ask||216.00 x 1300|
|Day's Range||204.52 - 217.19|
|52 Week Range||31.95 - 251.28|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CrowdStrike Holdings' (NASDAQ: CRWD) mission is simple: to stop digital security breaches. Since its initial public offering (IPO) in June 2019, CrowdStrike share prices have soared over 300%, but investors haven't missed their chance. As a result, management estimates CrowdStrike's addressable market will reach $38.7 billion by 2023.
Revenue growth is one of the most important factors in determining the long-term performance of a stock. In my experience, businesses that deliver consistently strong revenue growth tend to outperform their peers, creating greater wealth for shareholders. CrowdStrike protects its clients and their data from hackers.
CRWD quickly reached our target and more but now the charts have begun to weaken. In the daily bar chart of CRWD, below, we can see that the shares have encountered some resistance in the $240 area. The On-Balance-Volume (OBV) line has been neutral since late December telling us that there is a balance between buyers and sellers.