Credo Technology Group Holding Ltd (CRDO) concluded trading on Thursday at a closing price of $31.29, with 2.97 million shares of worth about $93.03 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 57.79% during that period and on June 27, 2024 the price saw a gain of about 5.32%. Currently the company’s common shares owned by public are about 164.31M shares, out of which, 128.90M shares are available for trading.
Stock saw a price change of 10.29% in past 5 days and over the past one month there was a price change of 50.94%. Year-to-date (YTD), CRDO shares are showing a performance of 60.71% which increased to 75.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.38 but also hit the highest price of $30.00 during that period. The average intraday trading volume for Credo Technology Group Holding Ltd shares is 2.07 million. The stock is currently trading 14.71% above its 20-day simple moving average (SMA20), while that difference is up 43.16% for SMA50 and it goes to 60.33% higher than SMA200.
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Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 164.31M outstanding shares and institutions hold larger chunk of about 72.50% of that.
The stock has a current market capitalization of $5.17B and its 3Y-monthly beta is at 2.21. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 11.30 while making debt-to-equity ratio of 0.03. 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 4.27% while standing at 5.68% over the month.
Stock’s fiscal year EPS is expected to rise by 290.00% while it is estimated to increase by 105.41% in next year.
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 June 25, 2024 offering a Buy rating for the stock and assigned a target price range of between $24 and $35 to it. Coverage by TD Cowen stated Credo Technology Group Holding Ltd (CRDO) stock as a Market perform in their note to investors on February 28, 2024, suggesting a price target of $24 for the stock. On November 30, 2023, TD Cowen Reiterated their recommendations, while on October 02, 2023, Barclays Initiated their ratings for the stock with a price target of $18. Stock get a Market perform rating from TD Cowen on August 25, 2023.
