On Friday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) opened lower -6.86% from the last session, before settling in for the closing price of $23.02. Price fluctuations for CRDO have ranged from $7.20 to $23.90 over the past 52 weeks.
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Annual sales at Technology sector company grew by 54.47% over the past five years. Company’s average yearly earnings per share was noted 40.16% at the time writing. With a float of $126.43 million, this company’s outstanding shares have now reached $148.65 million.
Let’s look at the performance matrix of the company that is accounted for 438 employees.
Credo Technology Group Holding Ltd (CRDO) Insider Updates
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Credo Technology Group Holding Ltd is 22.58%, while institutional ownership is 66.81%. The most recent insider transaction that took place on Nov 17 ’27, was worth 265,662. In this transaction Pres & Chief Executive Officer of this company sold 15,000 shares at a rate of $17.71, taking the stock ownership to the 3,867,421 shares. Before that another transaction happened on Oct 24 ’24, when Company’s Pres & Chief Executive Officer sold 15,000 for $14.45, making the entire transaction worth $216,762. This insider now owns 3,927,421 shares in total.
Credo Technology Group Holding Ltd (CRDO) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 21.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.16% per share during the next fiscal year.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Trading Performance Indicators
Check out the current performance indicators for Credo Technology Group Holding Ltd (CRDO). In the past quarter, the stock posted a quick ratio of 11.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.31. Likewise, its price to free cash flow for the trailing twelve months is 8976.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.23, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.35 in one year’s time.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
Credo Technology Group Holding Ltd (NASDAQ: CRDO) saw its 5-day average volume 1.46 million, a negative change from its year-to-date volume of 2.17 million. As of the previous 9 days, the stock’s Stochastic %D was 59.24%. Additionally, its Average True Range was 1.17.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 63.45%, which indicates a significant increase from 41.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.93% in the past 14 days, which was higher than the 52.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.55, while its 200-day Moving Average is $18.06. Nevertheless, the first resistance level for the watch stands at $22.37 in the near term. At $23.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.78. If the price goes on to break the first support level at $20.96, it is likely to go to the next support level at $20.47. Assuming the price breaks the second support level, the third support level stands at $19.55.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
There are currently 163,291K shares outstanding in the company with a market cap of 3.50 billion. Presently, the company’s annual sales total 184,190 K according to its annual income of -16,550 K. Last quarter, the company’s sales amounted to 53,060 K and its income totaled 430 K.
