On Friday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) was 2.06% up from the session before settling in for the closing price of $70.93. A 52-week range for CRDO has been $16.82 – $78.97.
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A company in the Technology sector has jumped its sales by 42.05% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 439.39%. With a float of $135.67 million, this company’s outstanding shares have now reached $167.16 million.
In an organization with 500 employees, it is important to assess its efficiency. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Credo Technology Group Holding Ltd stocks. The insider ownership of Credo Technology Group Holding Ltd is 18.94%, while institutional ownership is 75.51%. The most recent insider transaction that took place on Jan 02 ’25, was worth 34,613,150. Before that another transaction happened on Dec 30 ’24, when Company’s Chief Operating Officer sold 100,000 for $69.52, making the entire transaction worth $6,952,058. This insider now owns 300,000 shares in total.
Credo Technology Group Holding Ltd (CRDO) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 439.39% per share during the next fiscal year.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Trading Performance Indicators
You can see what Credo Technology Group Holding Ltd (CRDO) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 10.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 50.31.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.78 million. That was inferior than the volume of 2.98 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 59.24%. Additionally, its Average True Range was 4.60.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 88.01%, which indicates a significant increase from 55.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.19% in the past 14 days, which was lower than the 94.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.13, while its 200-day Moving Average is $33.88. However, in the short run, Credo Technology Group Holding Ltd’s stock first resistance to watch stands at $73.87. Second resistance stands at $75.35. The third major resistance level sits at $77.59. If the price goes on to break the first support level at $70.15, it is likely to go to the next support level at $67.91. The third support level lies at $66.43 if the price breaches the second support level.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
There are 167,239K outstanding shares of the company, which has a market capitalization of 12.36 billion. As of now, sales total 192,970 K while income totals -28,370 K. Its latest quarter income was 72,030 K while its last quarter net income were -4,230 K.
