On Friday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) opened higher 0.70% from the last session, before settling in for the closing price of $31.23. Price fluctuations for CRDO have ranged from $13.38 to $36.80 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 42.05%. Company’s average yearly earnings per share was noted 277.93% at the time writing. With a float of $132.19 million, this company’s outstanding shares have now reached $164.31 million.
The extent of productivity of a business whose workforce counts for 500 workers is very important to gauge.
Credo Technology Group Holding Ltd (CRDO) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Credo Technology Group Holding Ltd is 20.43%, while institutional ownership is 72.53%. The most recent insider transaction that took place on Sep 27 ’24, was worth 627,204. Before that another transaction happened on Sep 23 ’24, when Company’s Chief Technology Officer sold 55,000 for $29.67, making the entire transaction worth $1,631,966. This insider now owns 9,003,602 shares in total.
Credo Technology Group Holding Ltd (CRDO) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 277.93% 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 7.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 24.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.16, a number that is poised to hit 0.05 in the next quarter and is forecasted to reach 0.76 in one year’s time.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
The latest stats from [Credo Technology Group Holding Ltd, CRDO] show that its last 5-days average volume of 1.82 million was inferior to 2.23 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 88.26%. Additionally, its Average True Range was 1.71.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 73.08%, which indicates a significant decrease from 97.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.75% in the past 14 days, which was lower than the 73.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $29.37, while its 200-day Moving Average is $23.99. Now, the first resistance to watch is $31.80. This is followed by the second major resistance level at $32.16. The third major resistance level sits at $32.68. If the price goes on to break the first support level at $30.93, it is likely to go to the next support level at $30.41. The third support level lies at $30.05 if the price breaches the second support level.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
There are currently 165,185K shares outstanding in the company with a market cap of 5.22 billion. Presently, the company’s annual sales total 192,970 K according to its annual income of -28,370 K. Last quarter, the company’s sales amounted to 59,710 K and its income totaled -9,540 K.
