Credo Technology Group Holding Ltd (NASDAQ: CRDO) is -15.24% lower on its value in year-to-date trading and has touched a low of $16.82 and a high of $86.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRDO stock was last observed hovering at around $60.22 in the last trading session, with the day’s loss setting it -3.25%.
Currently trading at $56.97, the stock is -18.70% and -20.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.18 million and changing -5.40% at the moment leaves the stock 33.11% off its SMA200. CRDO registered 144.82% gain for a year compared to 6-month gain of 61.75%.
The stock witnessed a -29.20% loss in the last 1 month and extending the period to 3 months gives it a 32.58%, and is -24.28% down 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 9.87% over the week and 10.03% over the month.
Credo Technology Group Holding Ltd (CRDO) has around 500 employees, a market worth around $9.53B and $245.59M in sales. Fwd P/E is 55.81. Profit margin for the company is -9.70%. Distance from 52-week low is 238.70% and -34.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.10%).
with sales reaching $120.36M over the same period.The EPS is expected to grow by 445.13% this year, but quarterly earnings will post 101.50% year-over-year. Quarterly sales are estimated to grow 126.85% in year-over-year returns.
Credo Technology Group Holding Ltd (CRDO) Top Institutional Holders
The shares outstanding are 167.16M, and float is at 143.81M with Short Float at 4.84%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 15.15 million shares valued at $483.96 million. The investor’s holdings represent 9.2574% of the CRDO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.19 million shares valued at $453.31 million to account for 8.671 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 12.23 million shares representing 7.4078% and valued at over $390.73 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 3.346 of the shares totaling 5.53 million with a market value of $176.49 million.
Credo Technology Group Holding Ltd (CRDO) Insider Activity
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Still, SEC filings show that on Feb 18 ’25, Lam Yat Tung (Chief Operating Officer) disposed off 170,000 shares at an average price of $74.74 for $12.71 million. The insider now directly holds 1,100,000 shares of Credo Technology Group Holding Ltd (CRDO).
