As on Wednesday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) got off with the flyer as it spiked 1.57% to $30.43, before settling in for the price of $29.96 at the close. Taking a more long-term approach, CRDO posted a 52-week range of $13.38-$36.80.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 42.05%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 277.93%. This publicly-traded company’s shares outstanding now amounts to $164.31 million, simultaneously with a float of $132.19 million. The organization now has a market capitalization sitting at $5.05 billion. At the time of writing, stock’s 50-day Moving Average stood at $29.40, while the 200-day Moving Average is $24.17.
Credo Technology Group Holding Ltd (CRDO) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Semiconductors industry. Credo Technology Group Holding Ltd’s current insider ownership accounts for 20.40%, in contrast to 72.51% institutional ownership. According to the most recent insider trade that took place on Oct 02 ’24, this organization’s Director sold 150,000 shares at the rate of 30.50, making the entire transaction reach 4,574,760 in total value, affecting insider ownership by 2,638,725. Preceding that transaction, on Oct 01 ’24, Company’s Director sold 61,180 for 30.17, making the whole transaction’s value amount to 1,845,856. This particular insider is now the holder of 2,788,725 in total.
Credo Technology Group Holding Ltd (CRDO) Earnings and Revenue Records
Credo Technology Group Holding Ltd’s EPS increase for this current 12-month fiscal period is 277.93% and is forecasted to reach 0.76 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 7.36. The Stock has managed to achieve an average true range (ATR) of 1.66. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 23.22.
In the same vein, CRDO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.16, a figure that is expected to reach 0.05 in the next quarter, and analysts are predicting that it will be 0.76 at the market close of one year from today.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
Through scrutinizing the latest numbers posted by the [Credo Technology Group Holding Ltd, CRDO], it can be observed that its last 5-days Average volume of 1.95 million was lower the volume of 2.23 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 61.06% While, its Average True Range was 1.57.
Raw Stochastic average of Credo Technology Group Holding Ltd (CRDO) in the period of the previous 100 days is set at 67.53%, which indicates a major fall in contrast to 69.12% 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 42.39% that was lower than 74.27% volatility it exhibited in the past 100-days period.
