A new trading day began on Friday, with Credo Technology Group Holding Ltd (NASDAQ: CRDO) stock price up 7.11% from the previous day of trading, before settling in for the closing price of $45.71. CRDO’s price has ranged from $16.82 to $48.94 over the past 52 weeks.
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Annual sales at Technology sector company grew by 42.05% over the past five years. Meanwhile, its annual earnings per share averaged 295.90%. With a float of $133.71 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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Credo Technology Group Holding Ltd is 19.48%, while institutional ownership is 75.98%. 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) Performance Highlights and Predictions
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
Here are Credo Technology Group Holding Ltd’s current performance indicators. According to the last quarter’s results, the 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 40.02.
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 2.74 million, a positive change from its year-to-date volume of 2.27 million. As of the previous 9 days, the stock’s Stochastic %D was 72.20%. Additionally, its Average True Range was 2.80.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 91.56%, which indicates a significant increase from 80.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.47% in the past 14 days, which was higher than the 70.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.91, while its 200-day Moving Average is $28.39. Nevertheless, the first resistance level for the watch stands at $51.55 in the near term. At $54.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $56.86. If the price goes on to break the first support level at $46.23, it is likely to go to the next support level at $43.50. Assuming the price breaks the second support level, the third support level stands at $40.91.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
With a market capitalization of 8.71 billion, the company has a total of 166,064K Shares Outstanding. Currently, annual sales are 192,970 K while annual income is -28,370 K. The company’s previous quarter sales were 59,710 K while its latest quarter income was -9,540 K.
