On Monday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) opened higher 2.45% from the last session, before settling in for the closing price of $39.18. Price fluctuations for CRDO have ranged from $13.38 to $40.37 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 42.05%. Company’s average yearly earnings per share was noted 304.94% at the time writing. With a float of $133.44 million, this company’s outstanding shares have now reached $164.31 million.
Considering the fact that the conglomerate employs 500 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
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 19.65%, while institutional ownership is 75.40%. The most recent insider transaction that took place on Oct 21 ’24, was worth 2,157,967. In this transaction Chief Technology Officer of this company sold 55,000 shares at a rate of $39.24, taking the stock ownership to the 8,838,602 shares. Before that another transaction happened on Oct 16 ’24, when Company’s Chief Financial Officer sold 3,790 for $36.14, making the entire transaction worth $136,975. This insider now owns 671,420 shares in total.
Credo Technology Group Holding Ltd (CRDO) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 0.01 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0) by 0.01. 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
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 30.63.
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)
Compared to the last year’s volume of 2.23 million, its volume of 1.82 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 79.13%. Additionally, its Average True Range was 1.85.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 97.51%, which indicates a significant increase from 92.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.82% in the past 14 days, which was lower than the 64.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.79, while its 200-day Moving Average is $25.76. Nevertheless, the first resistance level for the watch stands at $40.85 in the near term. At $41.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $42.53. If the price goes on to break the first support level at $39.17, it is likely to go to the next support level at $38.20. Now, if the price goes above the second support level, the third support stands at $37.49.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
There are currently 165,185K shares outstanding in the company with a market cap of 6.67 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.
