Credo Technology Group Holding Ltd (NASDAQ: CRDO) flaunted slowness of -0.91% at $10.93, as the Stock market unbolted on May 24, 2023. During the day, the stock rose to $10.95 and sunk to $10.65 before settling in for the price of $11.03 at the close. Taking a more long-term approach, CRDO posted a 52-week range of $7.20-$19.46.
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Nevertheless, stock’s Earnings Per Share (EPS) this year is -27.60%. This publicly-traded company’s shares outstanding now amounts to $146.91 million, simultaneously with a float of $105.14 million. The organization now has a market capitalization sitting at $1.62 billion. At the time of writing, stock’s 50-day Moving Average stood at $8.69, while the 200-day Moving Average is $12.26.
While finding the extent of efficiency of the company that is accounted for 382 employees. It has generated 278,736 per worker during the last fiscal year. Meanwhile, its income per employee was -58,052. The stock had 3.68 Receivables turnover and 0.40 Total Asset turnover. For the Profitability, stocks gross margin was +60.12, operating margin was -17.69 and Pretax Margin of -20.86.
Credo Technology Group Holding Ltd (CRDO) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Credo Technology Group Holding Ltd industry. Credo Technology Group Holding Ltd’s current insider ownership accounts for 10.60%, in contrast to 47.00% institutional ownership. According to the most recent insider trade that took place on May 22, this organization’s Chief Technology Officer sold 240,000 shares at the rate of 10.51, making the entire transaction reach 2,523,216 in total value, affecting insider ownership by 400,000. Preceding that transaction, on Mar 09, Company’s Pres & Chief Executive Officer sold 24,446 for 9.95, making the whole transaction’s value amount to 243,123. This particular insider is now the holder of 225,554 in total.
Credo Technology Group Holding Ltd (CRDO) Earnings and Revenue Records
This company achieved a net margin of -20.83 while generating a return on equity of -15.91. Wall Street market experts anticipate that the next fiscal year will bring earnings of 10.93 per share during the current fiscal year.
Credo Technology Group Holding Ltd’s EPS decrease for this current 12-month fiscal period is -27.60% and is forecasted to reach 0.03 in the upcoming year.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Trading Performance Indicators
Let’s observe the current performance indicators for Credo Technology Group Holding Ltd (CRDO). It’s Quick Ratio in the last reported quarter now stands at 6.90. The Stock has managed to achieve an average true range (ATR) of 0.45. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 8.56.
In the same vein, CRDO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.04, a figure that is expected to reach -0.04 in the next quarter, and analysts are predicting that it will be 0.03 at the market close of one year from today.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
Now, what If we examine the latest scores posted by [Credo Technology Group Holding Ltd, CRDO]. During the last 5-days, its volume was lower the volume of 1.99 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 96.65% While, its Average True Range was 0.46.
Raw Stochastic average of Credo Technology Group Holding Ltd (CRDO) in the period of the previous 100 days is set at 30.45%, which indicates a major fall in contrast to 95.62% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 48.13% that was lower than 113.38% volatility it exhibited in the past 100-days period.
