Credo Technology Group Holding Ltd (CRDO) concluded trading on Wednesday at a closing price of $43.04, with 5.01 million shares of worth about $215.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.74% during that period and on April 03, 2025 the price saw a gain of about 3.16%. Currently the company’s common shares owned by public are about 169.70M shares, out of which, 146.59M shares are available for trading.
Stock saw a price change of -4.25% in past 5 days and over the past one month there was a price change of -20.77%. Year-to-date (YTD), CRDO shares are showing a performance of -35.96% which increased to 102.45% 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 $86.69 during that period. The average intraday trading volume for Credo Technology Group Holding Ltd shares is 5.80 million. The stock is currently trading -3.65% below its 20-day simple moving average (SMA20), while that difference is down -26.33% for SMA50 and it goes to -6.38% lower than SMA200.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) currently have 169.70M outstanding shares and institutions hold larger chunk of about 74.73% of that.
The stock has a current market capitalization of $7.31B and its 3Y-monthly beta is at 2.30. PE ratio of stock for trailing 12 months is 3141.61, while it has posted earnings per share of $0.01 in the same period. Its PEG reads 19.29 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 7.59% while standing at 8.00% 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.
