Crossroads Systems, Inc. (NASDAQ:CRDS) shares are moving lower ahead of the market open, gapping down -10.99% as the stock currently sits at $2.65 before the bell.
There are many factors that may influence stock price action. One of the most influential factors is company earnings. Company earnings reports can be extremely important for investors. Earnings reports have the ability to let investors know how well or poorly a company has been performing. Investors may try to capitalize on trading around earnings announcements. This can be a very tricky venture and may be quite risky. Studying stock price movements around earnings reports can sometimes be confusing. Often times a company will post better than expected numbers but the stock will drop in price. On the other side, shares may see a bounce even after disappointing results. Analysts try to project what numbers the company will post, but they may not be accurate for a variety of reasons. Following analyst estimates around earnings reports may be helpful, but it may be wise to proceed with caution if only going on what the analysts are saying.
A gap is a space between prices that occurs when the price of a stock makes a move down or up when there is no trading happening in between. Gaps are created by numerous factors. Poor earnings, bad news, organizational changes and/or market influences can cause a stock’s price to decrease suddenly.
Crossroads Systems, Inc. (NASDAQ:CRDS)’s performance this year to date is -31.16%. The stock has performed 49.61% over the last seven days, 67.57% over the last thirty, and -20.10% over the last three months. Over the last six months, Crossroads Systems, Inc.’s stock has been -16.22% and -56.17% for the year.
SIMPLE MOVING AVERAGE
The simple moving average is the most common method used to calculate the moving average of prices. It takes the sum of all of the past closing prices over a specific time period and divides the result by the number of prices used in the calculation. Crossroads Systems, Inc.’s 20-Day Simple Moving Average is 36.97%. Extending back, their 50-Day Simple Moving Average is 4.94%, looking even further back, their 200-Day Simple Moving Average stands at -24.05%.