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How To Know If Credo Technology Group Holding Ltd (NASDAQ:CRDO) Is Expensive At $11.47.

In last trading session, Credo Technology Group Holding Ltd (NASDAQ:CRDO) saw 1.13 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $11.47 trading at -$0.37 or -3.12% at ring of the bell on the day assigns it a market valuation of $1.73B. That closing price of CRDO’s stock is at a discount of -56.93% from its 52-week high price of $18.00 and is indicating a premium of 24.93% from its 52-week low price of $8.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.61 million shares which gives us an average trading volume of 1.51 million if we extend that period to 3-months.

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

Upright in the red during last session for losing -3.12%, in the last five days CRDO remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $11.47 price level, adding 6.37% to its value on the day. Credo Technology Group Holding Ltd’s shares saw a change of -1.55% in year-to-date performance and have moved -5.52% in past 5-day. Credo Technology Group Holding Ltd (NASDAQ:CRDO) showed a performance of -20.90% in past 30-days. Number of shares sold short was 7.09 million shares which calculate 16.1 days to cover the short interests.

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Credo Technology Group Holding Ltd (CRDO) estimates and forecasts

Statistics highlight that Credo Technology Group Holding Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -14.53% of value to its shares in past 6 months, showing an annual growth rate of 233.33% while that of industry is 12.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 91.10% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $45.7 million for the same. And 8 analysts are in estimates of company making revenue of $49.17 million in the next quarter that will end on Oct 2022.

CRDO Dividends

Credo Technology Group Holding Ltd is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 33.65% of company’s total shares while institution are holding 26.62 percent of that, with stock having share float percentage of 40.12%. Investors also watch the number of corporate investors in a company very closely, which is 26.62% institutions for Credo Technology Group Holding Ltd that are currently holding shares of the company. Capital Research Global Investors is the top institutional holder at CRDO for having 8.75 million shares of worth $133.26 million. And as of Mar 30, 2022, it was holding 6.02% of the company’s outstanding shares.

The second largest institutional holder is Mass Ave Global Inc., which was holding about 4.33 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 2.98% of outstanding shares, having a total worth of $65.98 million.

On the other hand, Smallcap World Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 8.19 million shares of worth $124.81 million or 5.64% of the total outstanding shares. The later fund manager was in possession of 0.62 million shares on Mar 30, 2022, making its stake of worth around $9.49 million in the company or a holder of 0.43% of company’s stock.

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