Is Credo Technology Group Holding Ltd (NASDAQ: CRDO) Still A Buy After A 18.02% Weekly Jump?

, Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s traded shares were 0.86 million, with the beta value of the company hitting 2.23. , the stock’s price was $32.44, reflecting an intraday gain of 3.69% or $1.15. The 52-week high for the CRDO share is $31.30, that puts it up 3.51 from that peak though still a striking 58.75% gain since the share price plummeted to a 52-week low of $13.38. The company’s market capitalization is $5.36B, and the average trade volume was 2.09 million shares over the past three months.

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

Credo Technology Group Holding Ltd (CRDO) registered a 3.69% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.69% in intraday trading to $32.44, hitting a weekly high. The stock’s 5-day price performance is 18.02%, and it has moved by 60.45% in 30 days. Based on these gigs, the overall price performance for the year is 84.34%.

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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 63.52% during the last six months, with a year-to-date growth rate more than the industry average at 288.89% against 14.80.

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.