Credo Technology Group Holding Ltd (NASDAQ: CRDO) is -19.18% 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 $50.42 in the last trading session, with the day’s gains setting it 3.9%.
Currently trading at $54.32, the stock is -19.64% and -22.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.48 million and changing 7.74% at the moment leaves the stock 24.22% off its SMA200. CRDO registered 152.18% gain for a year compared to 6-month gain of 54.32%.
The stock witnessed a -22.42% loss in the last 1 month and extending the period to 3 months gives it a 18.84%, and is -4.65% 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 15.25% over the week and 10.44% over the month.
Credo Technology Group Holding Ltd (CRDO) has around 500 employees, a market worth around $9.08B and $245.59M in sales. Fwd P/E is 51.76. Profit margin for the company is -9.70%. Distance from 52-week low is 222.95% and -37.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.10%).
with sales reaching $144.53M over the same period.The EPS is expected to grow by 486.80% this year, but quarterly earnings will post 107.67% year-over-year. Quarterly sales are estimated to grow 137.79% in year-over-year returns.
Credo Technology Group Holding Ltd (CRDO) Top Institutional Holders
The shares outstanding are 167.16M, and float is at 143.90M with Short Float at 5.36%.
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
The most recent transaction is an insider sale by Lam Yat Tung,the company’sChief Operating Officer. SEC filings show that Lam Yat Tung sold 100,000 shares of the company’s common stock on Feb 26 ’25 at a price of $61.13 per share for a total of $6.11 million. Following the sale, the insider now owns 1.0 million shares.
Credo Technology Group Holding Ltd disclosed in a document filed with the SEC on Feb 24 ’25 that Lam Yat Tung (Chief Operating Officer) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 24 ’25 and was made at $61.81 per share for $0.62 million. Following the transaction, the insider now directly holds 2.82 million shares of the CRDO stock.
Still, SEC filings show that on Feb 24 ’25, Evelyn Job & April Foundation (Director) Proposed Sale 25,000 shares at an average price of $66.78 for $1.67 million. The insider now directly holds shares of Credo Technology Group Holding Ltd (CRDO).
