Credo Technology Group Holding Ltd (CRDO) concluded trading on Wednesday at a closing price of $44.95, with 4.79 million shares of worth about $215.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.89% during that period and on March 26, 2025 the price saw a loss of about -8.60%. Currently the company’s common shares owned by public are about 169.70M shares, out of which, 146.53M shares are available for trading.
Stock saw a price change of -3.89% in past 5 days and over the past one month there was a price change of -21.10%. Year-to-date (YTD), CRDO shares are showing a performance of -33.12% which increased to 104.41% 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 5.69 million. The stock is currently trading -4.85% below its 20-day simple moving average (SMA20), while that difference is down -27.39% for SMA50 and it goes to -1.52% lower than SMA200.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 169.70M outstanding shares and institutions hold larger chunk of about 74.74% of that.
The stock has a current market capitalization of $7.63B and its 3Y-monthly beta is at 2.20. PE ratio of stock for trailing 12 months is 3281.02, while it has posted earnings per share of $0.01 in the same period. Its PEG reads 20.14 and has Quick Ratio of 7.01 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 6.47% while standing at 9.83% over the month.
Stock’s fiscal year EPS is expected to rise by 553.54% while it is estimated to increase by 92.34% 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 March 10, 2025 offering a Positive rating for the stock and assigned a target price of $60 to it. Coverage by Susquehanna stated Credo Technology Group Holding Ltd (CRDO) stock as a Neutral in their note to investors on December 17, 2024, suggesting a price target of $80 for the stock. On December 03, 2024, BofA Securities Upgrade their recommendations, while on December 03, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $75. Stock get a Buy rating from Needham on December 03, 2024.
