CoreWeave is not a good price to buy at its current position. Here's why:
- Recent Performance: CoreWeave's stock has experienced a decline of 3.11% on April 17, 2025, with a closing price of $39.461. This recent performance indicates a potential bearish trend.
- Technical Indicators: The stock's technical indicators are not favorable. The MACD is -2.05, the RSI is 36.09, and the KDJ is -0.92. These indicators suggest that the stock is neither overbought nor oversold, but the negative MACD and KDJ values indicate a potential downward momentum.
- Moving Averages: The stock's 5-day moving average is $41.69, and its 10-day moving average is $44.073. Being below these short-term and medium-term moving averages suggests a bearish trend.
- Resistance and Support Levels: The resistance level is at $49.88, and the support level is at $42.364. Trading below the support level could indicate a further decline.
- Analyst Ratings and Price Target: The consensus rating is "Neutral" with an average price target of $475. This suggests that analysts do not see significant upside potential in the short term.
- Financial Health Concerns: CoreWeave has a debt-to-equity ratio of 6.06%6, which is relatively high. Additionally, the company has a net loss of $51.37 million as of the most recent quarter7, which raises concerns about its financial health and profitability.
CRWV Total Revenue, Net Income
In conclusion, CoreWeave's current stock price is not a good buy due to its recent performance, unfavorable technical indicators, and the company's financial health concerns. Investors should exercise caution and consider these factors before making a purchase decision.
4/17/2025 02:18pm
