In the last trading session, 1.89 million shares of the Credo Technology Group Holding Ltd (NASDAQ:CRDO) were traded, and its beta was 2.19. Most recently the company’s share price was $29.57, and it changed around $2.28 or 8.35% from the last close, which brings the market valuation of the company to $4.83B. CRDO currently trades at a discount to its 52-week high of $29.89, offering almost -1.08% off that amount. The share price’s 52-week low was $13.38, which indicates that the current value has risen by an impressive 54.75% since then. We note from Credo Technology Group Holding Ltd’s average daily trading volume that its 3-month average coming to 2.06 million.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
Instantly CRDO has showed a green trend with a performance of 8.35% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 51.87% year-to-date, but still up 3.46% over the last five days. On the other hand, Credo Technology Group Holding Ltd (NASDAQ:CRDO) is 54.82% up in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $25.2, which translates to bulls needing to decrease their stock price by -17.34% from its current value. Analyst projections state that CRDO is forecast to be at a low of $18 and a high of $30.
Credo Technology Group Holding Ltd (CRDO) estimates and forecasts
Credo Technology Group Holding Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 51.56 percent over the past six months and at a 288.89% annual growth rate that is well above the industry average of 14.40%. The year-over-year growth rate is expected to be 61.70%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 59.5M in revenue for the current quarter. 9 analysts expect Credo Technology Group Holding Ltd to make 63.98M in revenue for the current ending quarter.
Credo Technology Group Holding Ltd earnings are expected to increase by 290.00% in 2024, but the outlook is positive 20.00% per year for the next five years.
CRDO Dividends
Credo Technology Group Holding Ltd’s next quarterly earnings report is expected to be released in July.
