A new trading day began on Monday, with Credo Technology Group Holding Ltd (NASDAQ: CRDO) stock price up 7.02% from the previous day of trading, before settling in for the closing price of $37.31. CRDO’s price has ranged from $13.38 to $40.37 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 42.05%. Meanwhile, its annual earnings per share averaged 304.94%. With a float of $133.38 million, this company’s outstanding shares have now reached $164.31 million.
Let’s determine the extent of company efficiency that accounts for 500 employees. In terms of profitability, gross margin is 58.96%, operating margin of -16.71%, and the pretax margin is -8.93%.
Credo Technology Group Holding Ltd (CRDO) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Credo Technology Group Holding Ltd is 19.68%, while institutional ownership is 75.31%. The most recent insider transaction that took place on Oct 16 ’24, was worth 136,975. In this transaction Chief Financial Officer of this company sold 3,790 shares at a rate of $36.14, taking the stock ownership to the 671,420 shares. Before that another transaction happened on Oct 11 ’24, when Company’s Director sold 100,000 for $38.16, making the entire transaction worth $3,815,600. This insider now owns 1,763,725 shares in total.
Credo Technology Group Holding Ltd (CRDO) Earnings and Forecasts
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 0.01 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 304.94% per share during the next fiscal year.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Trading Performance Indicators
Here are Credo Technology Group Holding Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 7.36. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 30.47.
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 0.80 in one year’s time.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
Looking closely at Credo Technology Group Holding Ltd (NASDAQ: CRDO), its last 5-days average volume was 2.36 million, which is a jump from its year-to-date volume of 2.24 million. As of the previous 9 days, the stock’s Stochastic %D was 74.01%. Additionally, its Average True Range was 1.96.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 97.68%, which indicates a significant increase from 96.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.44% in the past 14 days, which was lower than the 75.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.77, while its 200-day Moving Average is $25.25. However, in the short run, Credo Technology Group Holding Ltd’s stock first resistance to watch stands at $40.84. Second resistance stands at $41.75. The third major resistance level sits at $43.55. If the price goes on to break the first support level at $38.13, it is likely to go to the next support level at $36.33. Should the price break the second support level, the third support level stands at $35.42.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
With a market capitalization of 6.63 billion, the company has a total of 165,185K Shares Outstanding. Currently, annual sales are 192,970 K while annual income is -28,370 K. The company’s previous quarter sales were 59,710 K while its latest quarter income was -9,540 K.
