Credo Technology Group Holding Ltd (NASDAQ: CRDO) on Monday, plunged -3.17% from the previous trading day, before settling in for the closing price of $48.00. Within the past 52 weeks, CRDO’s price has moved between $14.98 and $48.32.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 42.05%. The company achieved an average annual earnings per share of 292.10%. With a float of $133.46 million, this company’s outstanding shares have now reached $164.31 million.
The extent of productivity of a business whose workforce counts for 500 workers is very important to gauge. 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 and Institutional Ownership
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Credo Technology Group Holding Ltd is 19.63%, while institutional ownership is 78.70%. The most recent insider transaction that took place on Nov 08 ’24, was worth 12,930,500. Before that another transaction happened on Nov 01 ’24, when Company’s Chief Technology Officer sold 55,000 for $39.90, making the entire transaction worth $2,194,276. This insider now owns 8,783,602 shares in total.
Credo Technology Group Holding Ltd (CRDO) Latest Financial update
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.01 earnings per share (EPS) for the period topping the consensus outlook (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
Credo Technology Group Holding Ltd (CRDO) is currently performing well based on its current performance indicators. A quick ratio of 7.36 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 36.21.
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)
The latest stats from [Credo Technology Group Holding Ltd, CRDO] show that its last 5-days average volume of 2.68 million was superior to 2.24 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 91.90%. Additionally, its Average True Range was 2.28.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 90.70%, which indicates a significant increase from 79.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.85% in the past 14 days, which was lower than the 67.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.42, while its 200-day Moving Average is $26.87. Now, the first resistance to watch is $48.57. This is followed by the second major resistance level at $50.66. The third major resistance level sits at $52.37. If the price goes on to break the first support level at $44.76, it is likely to go to the next support level at $43.05. The third support level lies at $40.96 if the price breaches the second support level.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
Market capitalization of the company is 7.88 billion based on 166,064K outstanding shares. Right now, sales total 192,970 K and income totals -28,370 K. The company made 59,710 K in profit during its latest quarter, and -9,540 K in sales during its previous quarter.
