Credo Technology Group Holding Ltd (NASDAQ:CRDO) currently has a daily average trading volume of 2.52M but it saw 1931034 shares traded in last market. With a market cap of 7.62B USD, the company’s current market price of $45.87 came falling about -1.25 while comparing to the previous closing price of $46.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $48.94 and as low as $15.54. In the recent trading on the day, stock has struck highest price mark of $45.855 while lowest mark touched by it was $47.58.
Taking a look at 20-day trading activity of Credo Technology Group Holding Ltd (CRDO) gives us an average price of $41.58, while its current price level is -6.27% below from 52-week high level whereas it is 195.17% 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 $35.00 while that of 200 days or SMA-200 reads an average of $27.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.11% during that period while stretching the period over a month that decreases to 4.95%. 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 66.87 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 3.43% up while it is 26.09% when we observe its performance for the past one month. Year-to-date it is 135.59% up and over the past year, the stock is showing an upside performance of 180.55%.
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 in December, 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 $490.69M 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. Company’s return on investment (ROI) stands at -4.63% and return on equity (ROE) at -5.82%. It has a 59.05 of forward P/E ratio. Stock’s beta reads 2.23. Stock has a price to book (P/B) ratio of 13.76 while price to sale or P/S ratio amounts to 35.01. Its return on asset (ROA) is -5.04% on average.
