Credo Technology Group Holding Ltd (NASDAQ:CRDO) currently has a daily average trading volume of 2.14M but it saw 1015309 shares traded in last market. With a market cap of 4.75B USD, the company’s current market price of $28.73 came rising about 0.21 while comparing to the previous closing price of $28.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.96 and as low as $13.38. In the recent trading on the day, stock has struck highest price mark of $28.0487 while lowest mark touched by it was $29.1.
Taking a look at 20-day trading activity of Credo Technology Group Holding Ltd (CRDO) gives us an average price of $27.62, while its current price level is -15.40% below from 52-week high level whereas it is 114.72% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $28.86 while that of 200 days or SMA-200 reads an average of $21.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.03% during that period while stretching the period over a month that increases to 6.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.09 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the TD Cowen which reiterated the stock as “Buy” in its note to investors issued on July 15, 2024, recommending a price target of between $35 and $40 for it. TD Cowen upgraded its recommendation for the stock as a “Buy” from “Hold” on June 25, 2024 while assigning a price target range of $24-$35. TD Cowen also issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $20 and $24.
Over the week, CRDO’s stock price is moving 15.61% up while it is -15.08% when we observe its performance for the past one month. Year-to-date it is 47.56% up and over the past year, the stock is showing an upside performance of 93.47%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.03 beat the consensus estimate of -0.03 for the same. In next quarter, company is expected to be making quarterly sales of $64.6M as analysts are expecting the sales for current fiscal year at $315.68M and seeing the company making $480.32M in sales next year. Moreover, analysts are in estimates of $59.54M for current-quarter revenue.
Currently, Credo Technology Group Holding Ltd’s total number of outstanding shares is 164.31M. Company’s return on investment (ROI) stands at -5.15% and return on equity (ROE) at -6.39%. It has a 38.34 of forward P/E ratio. Stock’s beta reads 2.22. Stock has a price to book (P/B) ratio of 8.74 while price to sale or P/S ratio amounts to 24.59. Its return on asset (ROA) is -5.68% on average.
