Just closed at 48.73; after the earnings report, $CRWV perpetuals climbed close to 57
CoreWeave $CRWV closed Tuesday’s regular Nasdaq session at around $48.73, down roughly 0.51% on the day. After its third-quarter earnings report came out after the close, its after-hours price reached about $52.58, roughly 7.9% above the closing price.
The stock perpetual on Binance is currently around $56.80, up about 15.07% over the past 24 hours, with roughly 141 million U in trading volume. After-hours trading was volatile: it peaked at around $54, then plunged to about $46.50. By the end of after-hours trading at 8 p.m. Eastern Time, it had recovered to around $52.58, and it climbed further overnight.
The company reported third-quarter revenue of about $3.661 billion for the period ending September 30, up roughly 168% year over year. It still posted a loss of around $709 million, with net interest expense of about $846 million. Its full-year revenue guidance was raised to around $13 billion–$13.3 billion. Backlog stands at approximately $132.5 billion, and the company expects to receive about $9 billion in customer prepayments and deposits over the next three months.
On November 5, the intraday low was around $40.58, the lowest level in the past year. In the short term, I’m initially bullish on a post-earnings recovery from the oversold levels around $CRWV . Revenue and guidance have both been revised upward, and buyers are willing to push the price back up from the lows. Fourth-quarter interest expense guidance is still around $1.05 billion–$1.15 billion, and the price is still far below its one-year high of about $138.25.
For beginners, I recommend watching more and trading less. If you buy crypto, stick to $BTC .
CoreWeave $CRWV closed Tuesday’s regular Nasdaq session at around $48.73, down roughly 0.51% on the day. After its third-quarter earnings report came out after the close, its after-hours price reached about $52.58, roughly 7.9% above the closing price.
The stock perpetual on Binance is currently around $56.80, up about 15.07% over the past 24 hours, with roughly 141 million U in trading volume. After-hours trading was volatile: it peaked at around $54, then plunged to about $46.50. By the end of after-hours trading at 8 p.m. Eastern Time, it had recovered to around $52.58, and it climbed further overnight.
The company reported third-quarter revenue of about $3.661 billion for the period ending September 30, up roughly 168% year over year. It still posted a loss of around $709 million, with net interest expense of about $846 million. Its full-year revenue guidance was raised to around $13 billion–$13.3 billion. Backlog stands at approximately $132.5 billion, and the company expects to receive about $9 billion in customer prepayments and deposits over the next three months.
On November 5, the intraday low was around $40.58, the lowest level in the past year. In the short term, I’m initially bullish on a post-earnings recovery from the oversold levels around $CRWV . Revenue and guidance have both been revised upward, and buyers are willing to push the price back up from the lows. Fourth-quarter interest expense guidance is still around $1.05 billion–$1.15 billion, and the price is still far below its one-year high of about $138.25.
For beginners, I recommend watching more and trading less. If you buy crypto, stick to $BTC .
