Credo Technology Group Holding Ltd (NASDAQ: CRDO) is 18.60% 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 $79.17 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $79.71, the stock is 16.26% and 45.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.63 million and changing 0.68% at the moment leaves the stock 52.64% off its SMA200. CRDO registered 175.43% gain for a year compared to 6-month loss of 16.50%.
The stock witnessed a 32.56% gain in the last 1 month and extending the period to 3 months gives it a 80.87%, and is 16.31% 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 3.76% over the week and 4.48% over the month.
Credo Technology Group Holding Ltd (CRDO) has around 500 employees, a market worth around $13.53B and $436.77M in sales. Current P/E ratio is 286.93 and Fwd P/E is 41.71. Profit margin for the company is 11.95%. Distance from 52-week low is 254.27% and -8.05% from its 52-week high. The company has generated returns on investments over the last 12 months (7.52%).
The EPS is expected to grow by 116.36% this year.
Credo Technology Group Holding Ltd (CRDO) Top Institutional Holders
The shares outstanding are 169.80M, and float is at 147.30M with Short Float at 5.78%.
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
Credo Technology Group Holding Ltd disclosed in a document filed with the SEC on Jun 12 ’25 that TAN LIP BU (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Jun 12 ’25 and was made at $75.33 per share for $7.53 million. Following the transaction, the insider now directly holds 0.79 million shares of the CRDO stock.
Still, SEC filings show that on Jun 13 ’25, TAN LIP BU (Director) disposed off 3,527 shares at an average price of $76.05 for $0.27 million. The insider now directly holds 785,198 shares of Credo Technology Group Holding Ltd (CRDO).
