Credo Technology Group Holding Ltd (CRDO) concluded trading on Wednesday at a closing price of $75.48, with 4.45 million shares of worth about $335.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 123.12% during that period and on January 15, 2025 the price saw a gain of about 8.78%. Currently the company’s common shares owned by public are about 167.16M shares, out of which, 136.22M shares are available for trading.
Stock saw a price change of 0.27% in past 5 days and over the past one month there was a price change of 10.32%. Year-to-date (YTD), CRDO shares are showing a performance of 12.30% which increased to 299.37% 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 3.50 million. The stock is currently trading 6.06% above its 20-day simple moving average (SMA20), while that difference is up 26.10% for SMA50 and it goes to 111.51% higher than SMA200.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 167.16M outstanding shares and institutions hold larger chunk of about 75.51% of that.
The stock has a current market capitalization of $12.62B and its 3Y-monthly beta is at 2.11. 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 6.18% while standing at 6.55% over the month.
Stock’s fiscal year EPS is expected to rise by 440.31% while it is estimated to increase by 102.44% 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.
