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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
