Credo Technology Group Holding Ltd (NASDAQ: CRDO) is -47.48% 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 $35.91 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $35.30, the stock is -18.52% and -35.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.51 million and changing -1.70% at the moment leaves the stock -23.44% off its SMA200. CRDO registered 65.26% gain for a year compared to 6-month gain of 8.38%. The firm has a 50-day simple moving average (SMA 50) of $55.1433 and a 200-day simple moving average (SMA200) of $46.10715.
The stock witnessed a -10.52% loss in the last 1 month and extending the period to 3 months gives it a -53.94%, and is -15.39% 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 15.89% over the week and 9.18% over the month.
Credo Technology Group Holding Ltd (CRDO) has around 500 employees, a market worth around $5.99B and $327.53M in sales. Current P/E ratio is 2576.64 and Fwd P/E is 31.20. Profit margin for the company is 1.56%. Distance from 52-week low is 109.87% and -59.28% from its 52-week high. The company has generated returns on investments over the last 12 months (0.81%).
with sales reaching $159.54M over the same period.The EPS is expected to grow by 553.54% this year, but quarterly earnings will post 120.96% year-over-year. Quarterly sales are estimated to grow 162.48% in year-over-year returns.
Credo Technology Group Holding Ltd (CRDO) Top Institutional Holders
509.0 institutions hold shares in Credo Technology Group Holding Ltd (CRDO), with institutional investors hold 89.38% of the company’s shares. The shares outstanding are 169.70M, and float is at 146.65M with Short Float at 6.92%. Institutions hold 75.85% of the Float.
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 8.5942 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 Cheng Chi Fung, the company’s Chief Technology Officer. SEC filings show that Cheng Chi Fung sold 55,000 shares of the company’s common stock on Apr 04 ’25 at a price of $32.96 per share for a total of $1.81 million. Following the sale, the insider now owns 7.94 million shares.
Still, SEC filings show that on Apr 02 ’25, Lam Yat Tung (Chief Operating Officer) disposed off 10,000 shares at an average price of $43.08 for $0.43 million. The insider now directly holds 2,792,447 shares of Credo Technology Group Holding Ltd (CRDO).
