When Is Credo Technology Group Holding Ltd (CRDO) Going To Be Good Investment?

Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a beta value of 2.21 and has seen 0.48 million shares traded in the recent trading session. The company, currently valued at $4.74B, closed the recent trade at $29.01 per share which meant it gained $0.51 on the day or 1.79% during that session. The CRDO stock price is -3.03% off its 52-week high price of $29.89 and 53.88% above the 52-week low of $13.38. The 3-month trading volume is 2.09 million shares.

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

Sporting 1.79% in the green today, the stock has traded in the green over the last five days, when the CRDO stock price touched $29.01 or saw a rise of 2.94%. Year-to-date, Credo Technology Group Holding Ltd shares have moved 49.00%, while the 5-day performance has seen it change 9.47%. Over the past 30 days, the shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) have changed 63.34%.

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Credo Technology Group Holding Ltd (CRDO) estimates and forecasts

Figures show that Credo Technology Group Holding Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 58.87% over the past 6 months, with this year growth rate of 288.89%, compared to 14.20% for the industry. Revenue growth from the last financial year stood is estimated to be 61.70%.

9 analysts offering their estimates for the company have set an average revenue estimate of 59.5M for the current quarter. 9 have an estimated revenue figure of 63.98M for the next ending quarter.

Earnings growth for 2024 is a modest 290.00% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.

CRDO Dividends

Credo Technology Group Holding Ltd is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.