Currently, there are 167.16M common shares owned by the public and among those 135.21M shares have been available to trade.
The company’s stock has a 5-day price change of 5.39% and 158.15% over the past three months. CRDO shares are trading 258.65% year to date (YTD), with the 12-month market performance up to 259.95% higher. It has a 12-month low price of $16.82 and touched a high of $78.97 over the same period. CRDO has an average intraday trading volume of 3.07 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 16.99%, 45.27%, and 123.87% respectively.
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Institutional ownership of Credo Technology Group Holding Ltd (NASDAQ: CRDO) shares accounts for 75.46% of the company’s 167.16M shares outstanding.
It has a market capitalization of $11.68B and a beta (3y monthly) value of 2.25. The earnings-per-share (ttm) stands at -$0.14. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.78% over the week and 7.56% over the month.
Earnings per share for the fiscal year are expected to increase by 439.39%, and 100.56% over the next financial year.
Looking at the support for the CRDO, a number of firms have released research notes about the stock. Susquehanna stated their Neutral rating for the stock in a research note on Dec-18-24, with the firm’s price target at $80. BofA Securities coverage for the Credo Technology Group Holding Ltd (CRDO) stock in a research note released on December 03, 2024 offered a Buy rating with a price target of $80. TD Cowen was of a view on December 03, 2024 that the stock is Buy, while Needham gave the stock Buy rating on December 03, 2024, issuing a price target of $43- $70. TD Cowen on their part issued Buy rating on July 15, 2024.
