Credo Technology Group Holding Ltd (NASDAQ: CRDO) started the day on Thursday, with a price decrease of -6.06% at $37.70, before settling in for the price of $40.13 at the close. Taking a more long-term approach, CRDO posted a 52-week range of $13.53-$41.92.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
In the past 5-years timespan, the Technology sector firm’s annual sales growth was 42.05%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 292.10%. This publicly-traded company’s shares outstanding now amounts to $164.31 million, simultaneously with a float of $133.44 million. The organization now has a market capitalization sitting at $6.26 billion. At the time of writing, stock’s 50-day Moving Average stood at $33.18, while the 200-day Moving Average is $26.07.
Credo Technology Group Holding Ltd (CRDO) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Semiconductors Industry. Credo Technology Group Holding Ltd’s current insider ownership accounts for 19.65%, in contrast to 75.42% institutional ownership. According to the most recent insider trade that took place on Oct 21 ’24, this organization’s Chief Technology Officer sold 55,000 shares at the rate of 39.24, making the entire transaction reach 2,157,967 in total value, affecting insider ownership by 8,838,602. Preceding that transaction, on Oct 16 ’24, Company’s Chief Financial Officer sold 3,790 for 36.14, making the whole transaction’s value amount to 136,975. This particular insider is now the holder of 671,420 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 292.10% and is forecasted to reach 0.78 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 1.96. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 28.77.
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 0.78 at the market close of one year from today.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
If we take a close look at the recent performances of Credo Technology Group Holding Ltd (NASDAQ: CRDO), its last 5-days Average volume was 2.06 million that shows plunge from its year to date volume of 2.23 million. During the previous 9 days, stock’s Stochastic %D was recorded 58.23% While, its Average True Range was 2.01.
Raw Stochastic average of Credo Technology Group Holding Ltd (CRDO) in the period of the previous 100 days is set at 78.27%, which indicates a major rise in contrast to 32.91% 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 53.18% that was lower than 65.16% volatility it exhibited in the past 100-days period.
