Is coreweave a good price to buy at its current position
4/17/2025 10:18pm
**CoreWeave is not a good price to buy at its current position**. Here's why:
1. **Recent Performance**: CoreWeave's stock has experienced a decline of 3.11% on April 17, 2025, with a closing price of $39.46. This recent performance indicates a potential bearish trend.
|code|Ticker|Name|Date|Closing Price|Percentage Change|market_code|
|---|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|20250417|40.465|-0.8102136017677346|185|
2. **Technical Indicators**: The stock's technical indicators are not favorable. The MACD is -2.05, the RSI is 36.09, and the KDJ is -0.9. These indicators suggest that the stock is neither overbought nor oversold, but the negative MACD and KDJ values indicate a potential downward momentum.
|code|Ticker|Name|Date|Boll|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|20250416||39.1445|2.2206|-1.7825|185|
3. **Moving Averages**: The stock's 5-day moving average is $41.69, and its 10-day moving average is $44.07. Being below these short-term and medium-term moving averages suggests a bearish trend.
|code|Ticker|Name|Date|Moving Average|market_code|
|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|20250416|42.2140|185|
4. **Resistance and Support Levels**: The resistance level is at $49.88, and the support level is at $42.36. Trading below the support level could indicate a further decline.
5. **Analyst Ratings and Price Target**: The consensus rating is "Neutral" with an average price target of $47. This suggests that analysts do not see significant upside potential in the short term.
6. **Financial Health Concerns**: CoreWeave has a debt-to-equity ratio of 6.06%, which is relatively high. Additionally, the company has a net loss of $51.37 million as of the most recent quarter, which raises concerns about its financial health and profitability.
|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|2024 Q4|7.4743E8|-5.1372E7||185|
|code|Ticker|Name|Date|Debt-to-Equity Ratio|ROE(Average)|market_code|
|---|---|---|---|---|---|---|
|CRWV|CRWV.O|CoreWeave|2024 Q3|3.229247469097378||185|
|CRWV|CRWV.O|CoreWeave|2024 Q4|6.057517197001482||185|
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.