Credo Technology Group Holding Ltd (NASDAQ: CRDO) kicked off on Monday, down -0.89% from the previous trading day, before settling in for the closing price of $40.43. Over the past 52 weeks, CRDO has traded in a range of $14.01-$41.92.
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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%. While this was happening, its average annual earnings per share was recorded 292.10%. 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) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Semiconductors Industry. The insider ownership of Credo Technology Group Holding Ltd is 19.65%, while institutional ownership is 75.66%. The most recent insider transaction that took place on Nov 01 ’24, was worth 70,688. Before that another transaction happened on Oct 21 ’24, when Company’s Chief Technology Officer sold 55,000 for $39.24, making the entire transaction worth $2,157,967. This insider now owns 8,838,602 shares in total.
Credo Technology Group Holding Ltd (CRDO) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 0.01 earnings per share (EPS), higher than consensus estimate (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 292.10% per share during the next fiscal year.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Trading Performance Indicators
Take a look at Credo Technology Group Holding Ltd’s (CRDO) current performance indicators. Last quarter, 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 32.80.
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 0.78 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 2.45 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 49.90%. Additionally, its Average True Range was 1.99.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 90.47%, which indicates a significant increase from 69.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.38% in the past 14 days, which was lower than the 65.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.36, while its 200-day Moving Average is $26.28. Nevertheless, the first resistance level for the watch stands at $40.63 in the near term. At $41.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $41.88. If the price goes on to break the first support level at $39.38, it is likely to go to the next support level at $38.68. Should the price break the second support level, the third support level stands at $38.13.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
The company with the Market Capitalisation of 7.14 billion has total of 166,064K Shares Outstanding. Its annual sales at the moment are 192,970 K in contrast with the sum of -28,370 K annual income. Company’s last quarter sales were recorded 59,710 K and last quarter income was -9,540 K.
