Credo Technology Group Holding Ltd (CRDO) concluded trading on Thursday at a closing price of $72.02, with 2.57 million shares of worth about $185.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 130.17% during that period and on December 26, 2024 the price saw a gain of about 1.12%. Currently the company’s common shares owned by public are about 167.16M shares, out of which, 135.39M shares are available for trading.
Stock saw a price change of 8.37% in past 5 days and over the past one month there was a price change of 53.01%. Year-to-date (YTD), CRDO shares are showing a performance of 269.90% which increased to 263.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.82 but also hit the highest price of $78.97 during that period. The average intraday trading volume for Credo Technology Group Holding Ltd shares is 3.21 million. The stock is currently trading 7.88% above its 20-day simple moving average (SMA20), while that difference is up 38.56% for SMA50 and it goes to 120.78% higher than SMA200.
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Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 167.16M outstanding shares and institutions hold larger chunk of about 75.46% of that.
The stock has a current market capitalization of $12.04B and its 3Y-monthly beta is at 2.22. It has posted earnings per share of -$0.14 in the same period. It has Quick Ratio of 10.11 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 5.43% while standing at 7.68% over the month.
Stock’s fiscal year EPS is expected to rise by 439.39% while it is estimated to increase by 100.56% 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 Susquehanna on December 17, 2024 offering a Neutral rating for the stock and assigned a target price of $80 to it. Coverage by BofA Securities stated Credo Technology Group Holding Ltd (CRDO) stock as a Buy in their note to investors on December 03, 2024, suggesting a price target of $80 for the stock. On December 03, 2024, TD Cowen Reiterated their recommendations, while on December 03, 2024, Needham Reiterated their ratings for the stock with a price target of $70. Stock get a Buy rating from TD Cowen on July 15, 2024.
