A new trading day began on Friday, with Credo Technology Group Holding Ltd (NASDAQ: CRDO) stock price up 3.87% from the previous day of trading, before settling in for the closing price of $42.07. CRDO’s price has ranged from $16.82 to $86.69 over the past 52 weeks.
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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%. Meanwhile, its annual earnings per share averaged 561.11%. With a float of $144.02 million, this company’s outstanding shares have now reached $167.24 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Semiconductors Industry. The insider ownership of Credo Technology Group Holding Ltd is 13.89%, while institutional ownership is 75.89%. The most recent insider transaction that took place on Mar 07 ’25, was worth 314,878. Before that another transaction happened on Mar 07 ’25, when Company’s Director proposed sale 24,791 for $41.54, making the entire transaction worth $1,029,838.
Credo Technology Group Holding Ltd (CRDO) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 561.11% per share during the next fiscal year.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Trading Performance Indicators
Here are Credo Technology Group Holding Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 7.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 22.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.14 in one year’s time.
Technical Analysis of Credo Technology Group Holding Ltd (CRDO)
Compared to the last year’s volume of 6.18 million, its volume of 11.58 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 11.81%. Additionally, its Average True Range was 7.03.
During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 15.80%, which indicates a significant increase from 11.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.57% in the past 14 days, which was higher than the 118.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $68.50, while its 200-day Moving Average is $44.11. Nevertheless, the first resistance level for the watch stands at $45.54 in the near term. At $47.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $50.41. If the price goes on to break the first support level at $40.67, it is likely to go to the next support level at $37.63. Should the price break the second support level, the third support level stands at $35.80.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats
With a market capitalization of 7.31 billion, the company has a total of 167,239K Shares Outstanding. Currently, annual sales are 192,970 K while annual income is -28,370 K. The company’s previous quarter sales were 72,030 K while its latest quarter income was -4,230 K.
