Credo Technology Group Holding Ltd (NASDAQ: CRDO) started the day on Wednesday, with a price decrease of -0.66% at $21.20, before settling in for the price of $21.34 at the close. Taking a more long-term approach, CRDO posted a 52-week range of $7.20-$23.90.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
The Technology Sector giants’ yearly sales growth during the last 5-year period was 54.47%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 40.16%. This publicly-traded company’s shares outstanding now amounts to $148.65 million, simultaneously with a float of $125.89 million. The organization now has a market capitalization sitting at $3.46 billion. At the time of writing, stock’s 50-day Moving Average stood at $21.49, while the 200-day Moving Average is $18.01.
Credo Technology Group Holding Ltd (CRDO) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Communication Equipment Industry. Credo Technology Group Holding Ltd’s current insider ownership accounts for 22.90%, in contrast to 66.80% institutional ownership. According to the most recent insider trade that took place on Nov 17 ’27, this organization’s Pres & Chief Executive Officer sold 15,000 shares at the rate of 17.71, making the entire transaction reach 265,662 in total value, affecting insider ownership by 3,867,421. Preceding that transaction, on Oct 24 ’24, Company’s Pres & Chief Executive Officer sold 15,000 for 14.45, making the whole transaction’s value amount to 216,762. This particular insider is now the holder of 3,927,421 in total.
Credo Technology Group Holding Ltd (CRDO) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 1/30/2024, the organization reported $0.04 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $0.03) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
Credo Technology Group Holding Ltd’s EPS increase for this current 12-month fiscal period is 40.16% and is forecasted to reach 0.35 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 11.94. The Stock has managed to achieve an average true range (ATR) of 1.05. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 21.07. Similarly, its price to free cash flow for trailing twelve months is now 8876.28.
In the same vein, CRDO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.23, a figure that is expected to reach 0.05 in the next quarter, and analysts are predicting that it will be 0.35 at the market close of one year from today.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
If we take a close look at the recent performances of Credo Technology Group Holding Ltd (NASDAQ: CRDO), its last 5-days Average volume was 1.39 million that shows plunge from its year to date volume of 2.17 million. During the previous 9 days, stock’s Stochastic %D was recorded 46.69% While, its Average True Range was 1.02.
Raw Stochastic average of Credo Technology Group Holding Ltd (CRDO) in the period of the previous 100 days is set at 60.98%, which indicates a major rise in contrast to 35.89% 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 37.49% that was lower than 49.84% volatility it exhibited in the past 100-days period.
