Credo Technology Group Holding Ltd (NASDAQ: CRDO) on Monday, plunged -30.91% from the previous trading day, before settling in for the closing price of $80.47. Within the past 52 weeks, CRDO’s price has moved between $16.82 and $86.69.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 42.05%. The company achieved an average annual earnings per share of 445.29%. With a float of $136.70 million, this company’s outstanding shares have now reached $167.16 million.
Considering the fact that the conglomerate employs 500 people, you should pay attention to its efficiency factor. 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
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Credo Technology Group Holding Ltd is 18.26%, while institutional ownership is 74.49%. The most recent insider transaction that took place on Jan 21 ’25, was worth 4,834,255. In this transaction Chief Technology Officer of this company sold 60,000 shares at a rate of $80.57, taking the stock ownership to the 8,268,602 shares. Before that another transaction happened on Jan 21 ’25, when Company’s Chief Operating Officer sold 100,000 for $80.57, making the entire transaction worth $8,056,504. This insider now owns 100,000 shares in total.
Credo Technology Group Holding Ltd (CRDO) Earnings and Forecasts
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 445.29% per share during the next fiscal year.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Trading Performance Indicators
Credo Technology Group Holding Ltd (CRDO) is currently performing well based on its current performance indicators. A quick ratio of 10.11 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 37.86.
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 1.01 in one year’s time.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
Compared to the last year’s volume of 5.3 million, its volume of 7.57 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 55.33%. Additionally, its Average True Range was 6.82.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 50.34%, which indicates a significant increase from 10.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 167.14% in the past 14 days, which was higher than the 111.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $64.55, while its 200-day Moving Average is $37.64. Nevertheless, the first resistance level for the watch stands at $65.50 in the near term. At $75.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $82.25. If the price goes on to break the first support level at $48.75, it is likely to go to the next support level at $41.90. Should the price break the second support level, the third support level stands at $32.00.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
Market capitalization of the company is 9.30 billion based on 167,239K outstanding shares. Right now, sales total 192,970 K and income totals -28,370 K. The company made 72,030 K in profit during its latest quarter, and -4,230 K in sales during its previous quarter.
