Credo Technology Group Holding Ltd (NASDAQ: CRDO) is 73.75% higher on its value in year-to-date trading and has touched a low of $13.38 and a high of $33.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRDO stock was last observed hovering at around $33.09 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $33.83, the stock is 11.43% and 34.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.18 million and changing 2.24% at the moment leaves the stock 64.99% off its SMA200. CRDO registered 100.18% gain for a year compared to 6-month gain of 78.99%.
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The stock witnessed a 16.90% loss in the last 1 month and extending the period to 3 months gives it a 74.02%, and is 7.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.05% over the week and 4.27% over the month.
Credo Technology Group Holding Ltd (CRDO) has around 500 employees, a market worth around $5.59B and $192.97M in sales. Fwd P/E is 46.92. Profit margin for the company is -14.70%. Distance from 52-week low is 152.84% and -0.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.15%).
The EPS is expected to grow by 290.00% this year.
Credo Technology Group Holding Ltd (CRDO) Top Institutional Holders
The shares outstanding are 164.31M, and float is at 129.68M with Short Float at 6.54%.
Credo Technology Group Holding Ltd (CRDO) Insider Activity
The most recent transaction is an insider sale by Brennan William Joseph,the company’sPres & Chief Executive Officer. SEC filings show that Brennan William Joseph sold 15,000 shares of the company’s common stock on Nov 17 ’27 at a price of $17.71 per share for a total of $0.27 million. Following the sale, the insider now owns 3.87 million shares.
Credo Technology Group Holding Ltd disclosed in a document filed with the SEC on Oct 24 ’24 that Brennan William Joseph (Pres & Chief Executive Officer) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Oct 24 ’24 and was made at $14.45 per share for $0.22 million. Following the transaction, the insider now directly holds 3.93 million shares of the CRDO stock.
Still, SEC filings show that on Jul 15 ’24, TAN LIP BU (Director) disposed off 245,438 shares at an average price of $32.67 for $8.02 million. The insider now directly holds 2,863,725 shares of Credo Technology Group Holding Ltd (CRDO).
