CoreWeave, Inc. (NASDAQ:CRWV) is in the spotlight Monday ahead of the company’s fourth-quarter earnings report later this week.
- CoreWeave stock is facing resistance. Why are CRWV shares trending?
Q4 Expectations, Recent Performance And What To Watch
CoreWeave is expected to report a loss of 50 cents per share on revenue of $1.55 billion. It has topped revenue estimates in each of the last two quarters and beaten earnings estimates once during that period.
In its most recent quarter, the company posted a loss of 8 cents per share, narrower than the 37-cent loss analysts expected, while revenue of $1.36 billion exceeded estimates of $1.29 billion.
“CoreWeave’s position as the essential cloud for AI has never been stronger as we drive growth through focus and innovation to power the next generation of AI,” Michael Intrator, co-founder, chairman and CEO, said in the company’s third-quarter earnings report.
Investors should keep an eye on the company’s ability to maintain revenue growth, particularly in light of recent financing issues. Watch for any updates on customer acquisition rates and contract renewals, which are critical for sustaining revenue momentum in the competitive AI landscape. Additionally, monitoring operational efficiency metrics will be essential, as any improvements could signal a path toward profitability despite current challenges.
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $127.96. Recent analyst moves include:
- Macquarie: Neutral (Maintains Target to $115.00) (Jan. 27)
- Mizuho: Neutral (Raises Target to $100.00) (Jan. 27)
- Deutsche Bank: Upgraded to Buy (Raises Target to $140.00) (Jan. 27)
The Technical Setup Into Earnings
CoreWeave is currently trading 3% below its 20-day SMA of $93.83 but remains 5% above its 50-day SMA of $86.65. Over the past 12 months, the stock has surged 127.54%, demonstrating significant long-term growth despite recent fluctuations. The stock is also trading closer to its 52-week low of $33.52 than its high of $187.00, indicating potential volatility or a period of consolidation.
The RSI stands at 47.65, suggesting a neutral market sentiment, while the MACD indicates a bearish trend with a reading of 1.3434 below its signal line at 1.6919. These indicators suggest that while the stock is not in oversold or overbought territory, there is potential downward pressure in the near term.
CoreWeave Stock Falls Monday
CRWV Price Action: At the time of writing, CoreWeave shares are trading 2.06% higher at $91.09, according to data from Benzinga Pro.
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