Credo Technology Group Holding Ltd (CRDO) is 46.98% away from 50-day simple Moving Average despite all headwinds

On Monday, Credo Technology Group Holding Ltd (NASDAQ: CRDO) was 7.73% up from the session before settling in for the closing price of $73.49. A 52-week range for CRDO has been $22.50 – $86.69.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Annual sales at Technology sector company grew by 52.00% over the past five years. When this article was written, the company’s average yearly earnings per share was at 116.36%. With a float of $147.30 million, this company’s outstanding shares have now reached $169.80 million.

Let’s look at the performance matrix of the company that is accounted for 500 employees. In terms of profitability, gross margin is 64.77%, operating margin of 8.5%, and the pretax margin is 12.56%.

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 13.25%, while institutional ownership is 75.75%. The most recent insider transaction that took place on Jun 12 ’25, was worth 7,533,380. In this transaction Director of this company sold 100,000 shares at a rate of $75.33, taking the stock ownership to the 788,725 shares. Before that another transaction happened on Jun 13 ’25, when Company’s Director sold 3,527 for $76.05, making the entire transaction worth $268,221. This insider now owns 785,198 shares in total.

Credo Technology Group Holding Ltd (CRDO) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 116.36% 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 5.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 30.78.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.91 in one year’s time.

Technical Analysis of Credo Technology Group Holding Ltd (CRDO)

Credo Technology Group Holding Ltd (NASDAQ: CRDO) saw its 5-day average volume 6.24 million, a positive change from its year-to-date volume of 5.4 million. As of the previous 9 days, the stock’s Stochastic %D was 70.14%. Additionally, its Average True Range was 4.84.

During the past 100 days, Credo Technology Group Holding Ltd’s (CRDO) raw stochastic average was set at 88.13%, which indicates a significant decrease from 91.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.85% in the past 14 days, which was lower than the 115.00% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $53.86, while its 200-day Moving Average is $51.99. Nevertheless, the first resistance level for the watch stands at $80.87 in the near term. At $82.56, the stock is likely to face the second major resistance level. The third major resistance level sits at $85.25. If the price goes on to break the first support level at $76.49, it is likely to go to the next support level at $73.80. The third support level lies at $72.11 if the price breaches the second support level.

Credo Technology Group Holding Ltd (NASDAQ: CRDO) Key Stats

There are 169,801K outstanding shares of the company, which has a market capitalization of 13.44 billion. As of now, sales total 436,780 K while income totals 52,180 K. Its latest quarter income was 170,030 K while its last quarter net income were 36,590 K.

News Daemon
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.