Credo Technology Group Holding Ltd (CRDO) concluded trading on 01/11/24 at a closing price of $19.80, with 5.24 million shares of worth about $103.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.45% during that period and on Thursday the price saw a gain of about 0.30%. Currently the company’s common shares owned by public are about 148.65M shares, out of which, 112.67M shares are available for trading.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) started trading at $19.60, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 20.05, or with a gain of 0.30%. Stock saw a price change of 10.37% in past 5 days and over the past one month there was a price change of 8.43%. Year-to-date (YTD), CRDO shares are showing a performance of 1.69% which increased to 47.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.20 but also hit the highest price of $20.77 during that period. The average intraday trading volume for Credo Technology Group Holding Ltd shares is 1.90 million. The stock is currently trading 3.62% above its 20-day simple moving average (SMA20), while that difference is up 10.73% for SMA50 and it goes to 33.00% higher than SMA200.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 148.65M outstanding shares and institutions hold larger chunk of about 58.42% of that.
The stock has a current market capitalization of $2.98B and its 3Y-monthly beta is at 2.06. It has posted earnings per share of -$0.21 in the same period. It has Quick Ratio of 7.86 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRDO, volatility over the week remained 5.87% while standing at 3.79% over the month.
Stock’s fiscal year EPS is expected to rise by 16.00% while it is estimated to increase by 550.00% in next year.
Analysts at 11 brokerage firms have issued recommendations for the Credo Technology Group Holding Ltd (CRDO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.55. Out of those 11 Wall Street analysts, 8 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on November 30, 2023 offering a Market perform rating for the stock and assigned a target price range of between $16 and $20 to it.
