Credo Technology Group Holding Ltd (CRDO) concluded trading on Wednesday at a closing price of $71.35, with 4.25 million shares of worth about $302.88 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 158.51% during that period and on February 12, 2025 the price saw a loss of about -3.00%. Currently the company’s common shares owned by public are about 167.16M shares, out of which, 143.23M shares are available for trading.
Stock saw a price change of -10.35% in past 5 days and over the past one month there was a price change of 3.35%. Year-to-date (YTD), CRDO shares are showing a performance of 6.16% which increased to 216.41% 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 $86.69 during that period. The average intraday trading volume for Credo Technology Group Holding Ltd shares is 4.67 million. The stock is currently trading -3.35% below its 20-day simple moving average (SMA20), while that difference is up 0.42% for SMA50 and it goes to 74.93% higher than SMA200.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 167.16M outstanding shares and institutions hold larger chunk of about 76.00% of that.
The stock has a current market capitalization of $11.93B and its 3Y-monthly beta is at 2.09. 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 7.26% while standing at 9.04% over the month.
Stock’s fiscal year EPS is expected to rise by 445.29% while it is estimated to increase by 105.53% 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.
