Credo Technology Group Holding Ltd (NASDAQ: CRDO) kicked off on Friday, up 5.85% from the previous trading day, before settling in for the closing price of $75.60. Over the past 52 weeks, CRDO has traded in a range of $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. While this was happening, its average annual earnings per share was recorded 440.31%. With a float of $136.53 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
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 18.49%, while institutional ownership is 75.55%. The most recent insider transaction that took place on Jan 14 ’25, was worth 4,174,458. In this transaction Chief Technology Officer of this company sold 60,000 shares at a rate of $69.57, taking the stock ownership to the 8,328,602 shares. Before that another transaction happened on Jan 15 ’25, when Company’s Director sold 150,000 for $72.69, making the entire transaction worth $10,903,579. This insider now owns 963,725 shares in total.
Credo Technology Group Holding Ltd (CRDO) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 440.31% 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 54.49.
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 0.99 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 4.48 million. That was better than the volume of 4.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 77.95%. Additionally, its Average True Range was 4.98.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 96.58%, which indicates a significant increase from 87.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.45% 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 $61.36, while its 200-day Moving Average is $36.25. However, in the short run, Credo Technology Group Holding Ltd’s stock first resistance to watch stands at $82.93. Second resistance stands at $85.83. The third major resistance level sits at $89.67. If the price goes on to break the first support level at $76.19, it is likely to go to the next support level at $72.35. The third support level lies at $69.45 if the price breaches the second support level.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
The company with the Market Capitalisation of 13.38 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.
