Credo Technology Group Holding Ltd (NASDAQ: CRDO) On Friday – Up 15.0% From The Lows, What’s Next? – Marketing Sentinel
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Credo Technology Group Holding Ltd (NASDAQ: CRDO) On Friday – Up 15.0% From The Lows, What’s Next?

During the last session, Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s traded shares were 0.38 million. At the end of the trading day, the stock’s price was $10.13, reflecting an intraday gain of 7.08% or $0.67. The 52-week high for the CRDO share is $18.00, that puts it down -77.69 from that peak though still a striking 15.0% gain since the share price plummeted to a 52-week low of $8.61. The company’s market capitalization is $1.52B, and the average trade volume was 687.13K shares over the past three months.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information

Credo Technology Group Holding Ltd (CRDO) registered a 7.08% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 7.08% in intraday trading to $10.13 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -5.42%, and it has moved by -16.21% in 30 days.

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The consensus price target of analysts on Wall Street is $20.38, which implies an increase of 50.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18.00 and $25.00 respectively. As a result, CRDO is trading at a discount of -146.79% off the target high and -77.69% off the low.

Revenue for the current quarter is expected to be $37.21 million as predicted by 6 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $42.84 million by the end of Jul 2022.

CRDO Dividends

Credo Technology Group Holding Ltd is due to release its next quarterly earnings on March 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders

Credo Technology Group Holding Ltd insiders own 33.77% of total outstanding shares while institutional holders control 17.83%, with the float percentage being 26.91%.

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