In last trading session, Credo Technology Group Holding Ltd (NASDAQ:CRDO) saw 5.39 million shares changing hands with its beta currently measuring 2.09. Company’s recent per share price level of $71.28 trading at -$0.48 or -0.67% at ring of the bell on the day assigns it a market valuation of $11.92B. That closing price of CRDO’s stock is at a discount of -21.62% from its 52-week high price of $86.69 and is indicating a premium of 76.4% 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 -0.67%, 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 $71.28 price level, adding 7.21% to its value on the day. Credo Technology Group Holding Ltd’s shares saw a change of 6.06% in year-to-date performance and have moved -0.10% in past 5-day. Credo Technology Group Holding Ltd (NASDAQ:CRDO) showed a performance of -12.56% in past 30-days.
Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a fall of -58.4% to its current value. 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 55.11% in reaching the projected high whereas dropping to the targeted low would mean a gain of 55.11% 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.
