Credo Technology Group Holding Ltd (NASDAQ:CRDO) currently has a daily average trading volume of 2.37M but it saw 2480526 shares traded in last market. With a market cap of 6.42B USD, the company’s current market price of $38.67 came falling about -2.61 while comparing to the previous closing price of $39.70. In past 52 weeks, the stock remained buoying in the range of price level as high as $40.37 and as low as $13.38. In the recent trading on the day, stock has struck highest price mark of $38.01 while lowest mark touched by it was $40.33.
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 4.53% up while it is 29.40% when we observe its performance for the past one month. Year-to-date it is 98.59% up and over the past year, the stock is showing an upside performance of 165.74%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.01 beat the consensus estimate of 0 for the same. The company is expected to be releasing its next quarterly report on 2024-Sep-04, for which analysts forecasted an EPS of 0.05 while estimate for next year EPS is 0.36. In next quarter, company is expected to be making quarterly sales of $85.94M as analysts are expecting the sales for current fiscal year at $318.37M and seeing the company making $488.41M in sales next year. Moreover, analysts are in estimates of $66.79M for current-quarter revenue.
Currently, Credo Technology Group Holding Ltd’s total number of outstanding shares is 164.31M with 16.07% of that held by the insiders while 76.92% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4.63% and return on equity (ROE) at -5.82%. It has a 48.34 of forward P/E ratio. Stock’s beta reads 2.25. Stock has a price to book (P/B) ratio of 11.60 while price to sale or P/S ratio amounts to 29.51. Its return on asset (ROA) is -5.04% on average.
