Credo Technology Group Holding Ltd (NASDAQ: CRDO) kicked off on Friday, up 11.01% from the previous trading day, before settling in for the closing price of $68.42. Over the past 52 weeks, CRDO has traded in a range of $16.82-$75.32.
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During the last 5-year period, the sales growth of Technology Sector giant was 42.05%. While this was happening, its average annual earnings per share was recorded 434.44%. With a float of $134.15 million, this company’s outstanding shares have now reached $167.16 million.
Let’s determine the extent of company efficiency that accounts for 500 employees. 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 Activity
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 19.22%, while institutional ownership is 75.99%. The most recent insider transaction that took place on Dec 13 ’24, was worth 7,296,099. Before that another transaction happened on Dec 12 ’24, when Company’s Director proposed sale 900 for $69.00, making the entire transaction worth $62,100.
Credo Technology Group Holding Ltd (CRDO) Earnings and Forecasts
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 57.41.
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)
Looking closely at Credo Technology Group Holding Ltd (NASDAQ: CRDO), its last 5-days average volume was 4.78 million, which is a jump from its year-to-date volume of 2.44 million. As of the previous 9 days, the stock’s Stochastic %D was 83.63%. Additionally, its Average True Range was 5.02.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 98.94%, which indicates a significant increase from 98.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 172.94% in the past 14 days, which was higher than the 94.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.43, while its 200-day Moving Average is $30.68. However, in the short run, Credo Technology Group Holding Ltd’s stock first resistance to watch stands at $78.11. Second resistance stands at $80.28. The third major resistance level sits at $84.03. If the price goes on to break the first support level at $72.20, it is likely to go to the next support level at $68.45. Should the price break the second support level, the third support level stands at $66.28.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
The company with the Market Capitalisation of 14.10 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 72,030 K and last quarter income was -4,230 K.
