Currently, there are 165.97M common shares owned by the public and among those 133.71M shares have been available to trade.
The company’s stock has a 5-day price change of 4.28% and 51.12% over the past three months. CRDO shares are trading 145.51% year to date (YTD), with the 12-month market performance up to 166.89% higher. It has a 12-month low price of $16.82 and touched a high of $51.40 over the same period. CRDO has an average intraday trading volume of 2.66 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.51%, 21.67%, and 67.62% respectively.
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Institutional ownership of Credo Technology Group Holding Ltd (NASDAQ: CRDO) shares accounts for 75.98% of the company’s 165.97M shares outstanding.
It has a market capitalization of $8.50B and a beta (3y monthly) value of 2.26. The earnings-per-share (ttm) stands at -$0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.41% over the week and 6.00% over the month.
Earnings per share for the fiscal year are expected to increase by 295.90%, and 119.73% over the next financial year.
Looking at the support for the CRDO, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on July 15, 2024, with the firm’s price target at $35-$40. TD Cowen coverage for the Credo Technology Group Holding Ltd (CRDO) stock in a research note released on June 25, 2024 offered a Buy rating with a price target of $35. TD Cowen was of a view on February 28, 2024 that the stock is Market Perform, while TD Cowen gave the stock Market Perform rating on November 30, 2023, issuing a price target of $16- $20. Barclays on their part issued Overweight rating on October 02, 2023.
