Credo Technology Group Holding Ltd (CRDO) concluded trading on Wednesday at a closing price of $85.50, with 4.86 million shares of worth about $415.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 189.63% during that period and on January 22, 2025 the price saw a gain of about 4.88%. Currently the company’s common shares owned by public are about 167.16M shares, out of which, 136.53M shares are available for trading.
Stock saw a price change of 23.22% in past 5 days and over the past one month there was a price change of 28.65%. Year-to-date (YTD), CRDO shares are showing a performance of 27.21% which increased to 311.45% 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 $85.56 during that period. The average intraday trading volume for Credo Technology Group Holding Ltd shares is 3.71 million. The stock is currently trading 16.69% above its 20-day simple moving average (SMA20), while that difference is up 35.77% for SMA50 and it goes to 131.95% higher than SMA200.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 167.16M outstanding shares and institutions hold larger chunk of about 75.55% of that.
The stock has a current market capitalization of $14.30B and its 3Y-monthly beta is at 2.13. 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 7.48% while standing at 6.32% over the month.
Analysts are in expectations that Credo Technology Group Holding Ltd (CRDO) stock would likely to be making an EPS of 0.18 in the current quarter, while forecast for next quarter EPS is 0.23 and it is 1.01 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.18 which is 0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 440.31% while it is estimated to increase by 103.85% 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.
