In last trading session, Credo Technology Group Holding Ltd (NASDAQ:CRDO) saw 2.36 million shares changing hands with its beta currently measuring 2.01. Company’s recent per share price level of $19.97 trading at $0.87 or 4.55% at ring of the bell on the day assigns it a market valuation of $3.26B. That closing price of CRDO’s stock is at a discount of -19.68% from its 52-week high price of $23.90 and is indicating a premium of 46.67% from its 52-week low price of $10.65. Taking a look at company’s average trading volume volume of 1.90 million if we extend that period to 3-months.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
Upright in the green during last session for gaining 4.55%, in the last five days CRDO remained trading in the green while hitting it’s week-highest on Thursday, 05/23/24 when the stock touched $19.97 price level, adding 1.14% to its value on the day. Credo Technology Group Holding Ltd’s shares saw a change of 2.57% in year-to-date performance and have moved 5.72% in past 5-day. Credo Technology Group Holding Ltd (NASDAQ:CRDO) showed a performance of 9.91% in past 30-days.
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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 added 6.28% of value to its shares in past 6 months, showing an annual growth rate of 40.00% while that of industry is 19.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 4.50% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 60.72M for the same. And 9 analysts are in estimates of company making revenue of 58.42M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 42.18% while estimates for its earnings growth in next 5 years are of 20.00%.
CRDO Dividends
Credo Technology Group Holding Ltd is more likely to be releasing its next quarterly report in June 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.
