On Monday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) opened higher 2.56% from the last session, before settling in for the closing price of $70.02. Price fluctuations for CRDO have ranged from $16.82 to $86.69 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 42.05%. Company’s average yearly earnings per share was noted 445.29% at the time writing. With a float of $136.75 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
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Credo Technology Group Holding Ltd is 18.23%, while institutional ownership is 74.77%. The most recent insider transaction that took place on Jan 31 ’25, was worth 121,125. Before that another transaction happened on Jan 29 ’25, when Company’s Chief Operating Officer sold 100,000 for $58.66, making the entire transaction worth $5,865,864. This insider now owns 0 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
Check out the current performance indicators for Credo Technology Group Holding Ltd (CRDO). In the past 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 48.90.
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)
Looking closely at Credo Technology Group Holding Ltd (NASDAQ: CRDO), its last 5-days average volume was 7.1 million, which is a jump from its year-to-date volume of 5.73 million. As of the previous 9 days, the stock’s Stochastic %D was 48.75%. Additionally, its Average True Range was 7.13.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 76.09%, which indicates a significant increase from 57.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 174.89% in the past 14 days, which was higher than the 107.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.73, while its 200-day Moving Average is $38.73. However, in the short run, Credo Technology Group Holding Ltd’s stock first resistance to watch stands at $75.42. Second resistance stands at $79.02. The third major resistance level sits at $85.48. If the price goes on to break the first support level at $65.36, it is likely to go to the next support level at $58.90. Should the price break the second support level, the third support level stands at $55.30.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
There are currently 167,239K shares outstanding in the company with a market cap of 12.01 billion. Presently, the company’s annual sales total 192,970 K according to its annual income of -28,370 K. Last quarter, the company’s sales amounted to 72,030 K and its income totaled -4,230 K.
