Credo Technology Group Holding Ltd (NASDAQ: CRDO) is 7.01% higher on its value in year-to-date trading and has touched a low of $22.50 and a high of $86.69 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 $62.65 in the last trading session, with the day’s gains setting it 9.27%.
Currently trading at $71.92, the stock is 21.40% and 48.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.61 million and changing 14.80% at the moment leaves the stock 43.26% off its SMA200. CRDO registered 179.95% gain for a year compared to 6-month gain of 57.34%. The firm has a 50-day simple moving average (SMA 50) of $47.9314 and a 200-day simple moving average (SMA200) of $49.98665.
The stock witnessed a 49.03% loss in the last 1 month and extending the period to 3 months gives it a 32.40%, and is 12.99% 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 7.64% over the week and 4.22% over the month.
Credo Technology Group Holding Ltd (CRDO) has around 500 employees, a market worth around $12.21B and $436.77M in sales. Current P/E ratio is 258.89 and Fwd P/E is 38.07. Profit margin for the company is 11.95%. Distance from 52-week low is 219.64% and -17.04% from its 52-week high. The company has generated returns on investments over the last 12 months (7.52%).
with sales reaching $189.93M over the same period.The EPS is expected to grow by 113.71% this year, but quarterly earnings will post 82.35% year-over-year. Quarterly sales are estimated to grow 218.06% in year-over-year returns.
Credo Technology Group Holding Ltd (CRDO) Top Institutional Holders
559.0 institutions hold shares in Credo Technology Group Holding Ltd (CRDO), with institutional investors hold 90.48% of the company’s shares. The shares outstanding are 169.80M, and float is at 147.06M with Short Float at 6.48%. Institutions hold 77.12% 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 9.1753% 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’sChief Technology Officer. SEC filings show that Cheng Chi Fung sold 55,000 shares of the company’s common stock on May 02 ’25 at a price of $48.02 per share for a total of $2.64 million. Following the sale, the insider now owns 7.66 million shares.
Still, SEC filings show that on May 01 ’25, Sutardja, Pantas (Director) disposed off 1,875 shares at an average price of $46.01 for $86269.0. The insider now directly holds 5,900,527 shares of Credo Technology Group Holding Ltd (CRDO).
