During the recent session, Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s traded shares were 1.08 million, with the beta value of the company hitting 2.15. At the last check today, the stock’s price was $85.47, reflecting an intraday loss of -0.03% or -$0.03. The 52-week high for the CRDO share is $86.69, that puts it down -1.43 from that peak though still a striking 80.32% gain since the share price plummeted to a 52-week low of $16.82. The company’s market capitalization is $14.29B, and the average intraday trading volume over the past 10 days was 4.64 million shares, and the average trade volume was 3.76 million shares over the past three months.
Credo Technology Group Holding Ltd (CRDO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.43. CRDO has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.18.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
Credo Technology Group Holding Ltd (CRDO) registered a -0.03% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.03% in intraday trading to $85.47, hitting a weekly high. The stock’s 5-day price performance is 13.24%, and it has moved by 27.49% in 30 days. Based on these gigs, the overall price performance for the year is 288.69%. The short interest in Credo Technology Group Holding Ltd (NASDAQ:CRDO) is 6.6 million shares and it means that shorts have 2.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $45, which implies a decrease of -89.93% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $85 respectively. As a result, CRDO is trading at a premium of 0.55% off the target high and 62.56% off the low.
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 179.60% during the last six months, with a year-to-date growth rate more than the industry average at 455.56% against -5.20. In the rating firms’ projections, revenue will increase 101.51% 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 120.32M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 136.73M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 53.06M and 60.78M respectively. In this case, analysts expect current quarter sales to grow by 126.76% and then jump by 124.95% in the coming quarter.
While earnings are projected to return 445.29% in 2025.
CRDO Dividends
Credo Technology Group Holding Ltd is due to release its next quarterly earnings in February. 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
Credo Technology Group Holding Ltd insiders own 15.87% of total outstanding shares while institutional holders control 76.89%, with the float percentage being 91.39%. VANGUARD GROUP INC is the largest shareholder of the company, while 360.0 institutions own stock in it. As of 2024-06-30, the company held over 15.15 million shares (or 9.2574% of all shares), a total value of $483.96 million in shares.
The next largest institutional holding, with 14.19 million shares, is of BLACKROCK INC.’s that is approximately 8.671% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $453.31 million.
Also, the Mutual Funds coming in first place with the largest holdings of Credo Technology Group Holding Ltd (CRDO) shares are Smallcap World Fund and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that Smallcap World Fund owns about 5.01 shares. This amounts to just over 2.99 percent of the company’s overall shares, with a $422.88 million market value. The same data shows that the other fund manager holds slightly less at 4.47, or about 2.67% of the stock, which is worth about $377.97 million.
