Credo Technology Group Holding Ltd (NASDAQ: CRDO) kicked off on Tuesday, down -0.85% from the previous trading day, before settling in for the closing price of $47.07. Over the past 52 weeks, CRDO has traded in a range of $16.82-$48.94.
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
Technology Sector giant saw their annual sales surged by 42.05% over the last five years. While this was happening, its average annual earnings per share was recorded 295.90%. With a float of $133.71 million, this company’s outstanding shares have now reached $164.31 million.
The firm has a total of 500 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
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 19.48%, while institutional ownership is 75.99%. The most recent insider transaction that took place on Nov 18 ’24, was worth 2,232,488. In this transaction Chief Technology Officer of this company sold 55,000 shares at a rate of $40.59, taking the stock ownership to the 8,673,602 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Chief Operating Officer sold 120,000 for $46.43, making the entire transaction worth $5,572,147. This insider now owns 600,000 shares in total.
Credo Technology Group Holding Ltd (CRDO) Recent Fiscal highlights
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 295.90% 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 35.62.
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)
Analysing the last 5-days average volume posted by the [Credo Technology Group Holding Ltd, CRDO], we can find that recorded value of 2.62 million was better than the volume posted last year of 2.26 million. As of the previous 9 days, the stock’s Stochastic %D was 80.35%. Additionally, its Average True Range was 2.59.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 91.41%, which indicates a significant increase from 76.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.65% in the past 14 days, which was higher than the 70.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.14, while its 200-day Moving Average is $28.14. Now, the first resistance to watch is $48.10. This is followed by the second major resistance level at $49.52. The third major resistance level sits at $50.66. If the price goes on to break the first support level at $45.54, it is likely to go to the next support level at $44.40. Now, if the price goes above the second support level, the third support stands at $42.98.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
The company with the Market Capitalisation of 7.75 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.
