On Tuesday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) opened higher 8.23% from the last session, before settling in for the closing price of $40.60. Price fluctuations for CRDO have ranged from $16.82 to $48.94 over the past 52 weeks.
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
Annual sales at Technology sector company grew by 42.05% over the past five years. Company’s average yearly earnings per share was noted 295.90% at the time writing. With a float of $133.65 million, this company’s outstanding shares have now reached $164.31 million.
Let’s look at the performance matrix of the company that is accounted for 500 employees. In terms of profitability, gross margin is 60.91%, operating margin of -16.71%, and the pretax margin is -8.93%.
Credo Technology Group Holding Ltd (CRDO) Insider and Institutional Ownership
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 19.52%, while institutional ownership is 76.00%. The most recent insider transaction that took place on Nov 12 ’24, was worth 5,572,147. In this transaction Chief Operating Officer of this company sold 120,000 shares at a rate of $46.43, taking the stock ownership to the 600,000 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Chief Operating Officer sold 10,000 for $46.44, making the entire transaction worth $464,370. This insider now owns 2,862,672 shares in total.
Credo Technology Group Holding Ltd (CRDO) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 295.90% 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 33.53.
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)
Credo Technology Group Holding Ltd (NASDAQ: CRDO) saw its 5-day average volume 2.82 million, a positive change from its year-to-date volume of 2.25 million. As of the previous 9 days, the stock’s Stochastic %D was 23.09%. Additionally, its Average True Range was 2.49.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 81.09%, which indicates a significant increase from 58.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.62% in the past 14 days, which was higher than the 68.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.32, while its 200-day Moving Average is $27.54. Nevertheless, the first resistance level for the watch stands at $45.40 in the near term. At $46.86, the stock is likely to face the second major resistance level. The third major resistance level sits at $49.50. If the price goes on to break the first support level at $41.30, it is likely to go to the next support level at $38.66. The third support level lies at $37.20 if the price breaches the second support level.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
There are currently 166,064K shares outstanding in the company with a market cap of 7.30 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.
