In recent trading session, Credo Technology Group Holding Ltd (NASDAQ:CRDO) saw 2.51 million shares changing hands at last check today with its beta currently measuring 2.09. Company’s recent per share price level of $68.36 trading at -$3.4 or -4.74% at last check today assigns it a market valuation of $11.43B. That most recent trading price of CRDO’s stock is at a discount of -26.81% from its 52-week high price of $86.69 and is indicating a premium of 75.39% from its 52-week low price of $16.82.
For Credo Technology Group Holding Ltd (CRDO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.43. 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. The company is expected to be making an EPS of 0.18 in the current quarter.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
Upright in the red during last session for losing -4.74%, in the last five days CRDO remained trading in the red while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $68.36 price level, adding 11.01% to its value on the day. Credo Technology Group Holding Ltd’s shares saw a change of 1.71% in year-to-date performance and have moved -4.19% in past 5-day. Credo Technology Group Holding Ltd (NASDAQ:CRDO) showed a performance of -16.14% in past 30-days.
Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a fall of -51.91% to its recent value today. Analysts have been projecting 32 as a low price target for the stock while placing it at a high target of 85. It follows that stock’s current price would jump 53.19% in reaching the projected high whereas dropping to the targeted low would mean a gain of 53.19% for stock’s current value.
Credo Technology Group Holding Ltd (CRDO) estimates and forecasts
This year revenue growth is estimated to rise 101.50% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 120.36M for the same. And 9 analysts are in estimates of company making revenue of 136.3M in the next quarter. Company posted 53.06M and 60.78M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around 445.13% while estimates for its earnings growth in next 5 years are of 155.94%.
Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders
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.
On the other hand, Smallcap World Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 5.01 shares of worth $339.95 million or 2.99% of the total outstanding shares. The later fund manager was in possession of 4.47 shares on Sep 30, 2024, making its stake of worth around $303.84 million in the company or a holder of 2.67% of company’s stock.
