Credo Technology Group Holding Ltd (CRDO) concluded trading on Thursday at a closing price of $41.90, with 4.07 million shares of worth about $170.54 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 119.37% during that period and on November 14, 2024 the price saw a loss of about -8.65%. Currently the company’s common shares owned by public are about 164.31M shares, out of which, 133.46M shares are available for trading.
Stock saw a price change of -10.89% in past 5 days and over the past one month there was a price change of 13.27%. Year-to-date (YTD), CRDO shares are showing a performance of 115.20% which increased to 143.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.33 but also hit the highest price of $48.94 during that period. The average intraday trading volume for Credo Technology Group Holding Ltd shares is 2.53 million. The stock is currently trading 0.25% above its 20-day simple moving average (SMA20), while that difference is up 18.67% for SMA50 and it goes to 53.86% 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 75.58% of that.
The stock has a current market capitalization of $6.96B and its 3Y-monthly beta is at 2.22. It has posted earnings per share of -$0.16 in the same period. It has Quick Ratio of 7.36 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 6.54% while standing at 5.28% over the month.
Stock’s fiscal year EPS is expected to rise by 292.10% while it is estimated to increase by 120.12% 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 July 15, 2024 offering a Buy rating for the stock and assigned a target price range of between $35 and $40 to it. Coverage by TD Cowen stated Credo Technology Group Holding Ltd (CRDO) stock as a Buy in their note to investors on June 25, 2024, suggesting a price target of $35 for the stock. On February 28, 2024, TD Cowen Reiterated their recommendations, while on November 30, 2023, TD Cowen Reiterated their ratings for the stock with a price target of $20. Stock get an Overweight rating from Barclays on October 02, 2023.
