In last trading session, Credo Technology Group Holding Ltd (NASDAQ:CRDO) saw 2.76 million shares changing hands with its beta currently measuring 2.21. Company’s recent per share price level of $47.02 trading at $2.67 or 6.02% at ring of the bell on the day assigns it a market valuation of $7.81B. That closing price of CRDO’s stock is at a premium of 4.68% from its 52-week high price of $44.82 and is indicating a premium of 68.67% from its 52-week low price of $14.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.25 million shares which gives us an average trading volume of 2.44 million if we extend that period to 3-months.

For Credo Technology Group Holding Ltd (CRDO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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

Upright in the green during last session for gaining 6.02%, in the last five days CRDO remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $47.02 price level, adding 0.23% to its value on the day. Credo Technology Group Holding Ltd’s shares saw a change of 141.50% in year-to-date performance and have moved 24.72% in past 5-day. Credo Technology Group Holding Ltd (NASDAQ:CRDO) showed a performance of 33.69% in past 30-days. Number of shares sold short was 6.94 million shares which calculate 3.07 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 38 to the stock, which implies a fall of -23.74% to its current value. Analysts have been projecting 19 as a low price target for the stock while placing it at a high target of 45. It follows that stock’s current price would jump 59.59% in reaching the projected high whereas dropping to the targeted low would mean a gain of 59.59% for stock’s current value.

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 171.16% of value to its shares in past 6 months, showing an annual growth rate of 288.89% while that of industry is 19.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around 292.10% while estimates for its earnings growth in next 5 years are of 63.57%.

Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders

Insiders are in possession of 16.07% of company’s total shares while institution are holding 78.07 percent of that, with stock having share float percentage of 93.02%. Investors also watch the number of corporate investors in a company very closely, which is 78.07% institutions for Credo Technology Group Holding Ltd that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CRDO for having 15.15 million shares of worth $483.96 million. And as of 2024-06-30, it was holding 9.2574 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 14.19 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.671 of outstanding shares, having a total worth of $453.31 million.