Currently, there are 169.70M common shares owned by the public and among those 144.02M shares have been available to trade.
The company’s stock has a 5-day price change of -20.18% and -38.41% over the past three months. CRDO shares are trading -35.49% year to date (YTD), with the 12-month market performance up to 92.54% higher. It has a 12-month low price of $16.82 and touched a high of $86.69 over the same period. CRDO has an average intraday trading volume of 5.60 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 -26.35%, -35.62%, and -2.18% respectively.
Institutional ownership of Credo Technology Group Holding Ltd (NASDAQ: CRDO) shares accounts for 75.89% of the company’s 169.70M shares outstanding.
It has a market capitalization of $7.25B and a beta (3y monthly) value of 2.31. The stock’s trailing 12-month PE ratio is 3164.96, while the earnings-per-share (ttm) stands at $0.01. The company has a PEG of 19.27 and a Quick Ratio of 7.01 with the debt-to-equity ratio at 0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.94% over the week and 10.73% over the month.
Earnings per share for the fiscal year are expected to increase by 561.11%, and 90.90% 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 Positive rating for the stock in a research note on March 10, 2025, with the firm’s price target at $60. Susquehanna coverage for the Credo Technology Group Holding Ltd (CRDO) stock in a research note released on December 17, 2024 offered a Neutral rating with a price target of $80. BofA Securities was of a view on December 03, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on December 03, 2024, issuing a price target of $45- $75. Needham on their part issued Buy rating on December 03, 2024.
