Credo Technology Group Holding Ltd (NASDAQ: CRDO) kicked off on Friday, up 5.44% from the previous trading day, before settling in for the closing price of $70.40. Over the past 52 weeks, CRDO has traded in a range of $16.82-$75.30.
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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%. While this was happening, its average annual earnings per share was recorded 434.44%. With a float of $133.79 million, this company’s outstanding shares have now reached $167.16 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 61.86%, operating margin of -14.61%, and the pretax margin is -7.0%.
Credo Technology Group Holding Ltd (CRDO) Insider and Institutional Ownership
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 19.43%, while institutional ownership is 75.99%. The most recent insider transaction that took place on Dec 06 ’24, was worth 14,274,211. Before that another transaction happened on Dec 05 ’24, when Company’s Officer proposed sale 143,880 for $70.40, making the entire transaction worth $10,129,152.
Credo Technology Group Holding Ltd (CRDO) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 434.44% 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 10.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 53.30.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.14, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.97 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 8.29 million was superior to 2.39 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 86.68%. Additionally, its Average True Range was 4.73.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 97.95%, which indicates a significant increase from 96.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 160.93% in the past 14 days, which was higher than the 91.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.56, while its 200-day Moving Average is $29.49. Now, the first resistance to watch is $76.36. This is followed by the second major resistance level at $78.50. The third major resistance level sits at $81.68. If the price goes on to break the first support level at $71.05, it is likely to go to the next support level at $67.87. The third support level lies at $65.73 if the price breaches the second support level.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
The company with the Market Capitalisation of 13.09 billion has total of 167,239K 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.
