Credo Technology Group Holding Ltd (NASDAQ: CRDO): Is It Possible To Be Up 38.88% YTD And Still Lose Money

During the last session, Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s traded shares were 1.41 million, with the beta value of the company hitting 2.20. At the end of the trading day, the stock’s price was $27.04, reflecting an intraday gain of 4.64% or $1.2. The 52-week high for the CRDO share is $26.58, that puts it up 1.7 from that peak though still a striking 50.52% gain since the share price plummeted to a 52-week low of $13.38. The company’s market capitalization is $4.42B, and the average trade volume was 2.06 million shares over the past three months.

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

Credo Technology Group Holding Ltd (CRDO) registered a 4.64% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.64% in intraday trading to $27.04, hitting a weekly high. The stock’s 5-day price performance is 3.72%, and it has moved by 56.21% in 30 days. Based on these gigs, the overall price performance for the year is 68.05%.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Credo Technology Group Holding Ltd (CRDO) estimates and forecasts

Statistics show that Credo Technology Group Holding Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Credo Technology Group Holding Ltd (CRDO) shares have gone up 53.29% during the last six months, with a year-to-date growth rate more than the industry average at 288.89% against 15.90. In the rating firms’ projections, revenue will increase 61.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 59.5M as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 63.98M by the end of current fiscal year.

While earnings are projected to return 290.00% in 2024, the next five years will return 20.00% per annum.

CRDO Dividends

Credo Technology Group Holding Ltd is due to release its next quarterly earnings in July. 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