In the latest trading session, 2.51 million Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares changed hands as the company’s beta touched 2.11. With the company’s most recent per share price at $61.46 changed hands at -$5.32 or -7.97% at last look, the market valuation stands at $10.28B. CRDO’s current price is a discount, trading about -41.05% off its 52-week high of $86.69. The share price had its 52-week low at $16.82, which suggests the last value was 72.63% up since then.
Analysts gave the Credo Technology Group Holding Ltd (CRDO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.43. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CRDO as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Credo Technology Group Holding Ltd’s EPS for the current quarter is expected to be 0.18.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
Instantly CRDO was in red as seen in intraday trades today. With action -13.07%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.56%, with the 5-day performance at -13.07% in the red. However, in the 30-day time frame, Credo Technology Group Holding Ltd (NASDAQ:CRDO) is -26.99% down.
The consensus price target for the stock as assigned by Wall Street analysts is 45, meaning bulls need a downside of -36.58% from its recent market value. According to analyst projections, CRDO’s forecast low is 32 with 85 as the target high. To hit the forecast high, the stock’s price needs a -38.3% plunge from its current level, while the stock would need to tank 47.93% for it to hit the projected low.
Credo Technology Group Holding Ltd (CRDO) estimates and forecasts
Year-over-year growth is forecast to reach 101.50% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 120.36M. 9 analysts are of the opinion that Credo Technology Group Holding Ltd’s revenue for the current quarter will be 136.3M. The company’s revenue for the corresponding quarters a year ago was 53.06M and 60.78M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 126.85%. The estimates for the next quarter sales put growth at 124.25%.
The 2025 estimates are for Credo Technology Group Holding Ltd earnings to increase by 445.13%, but the outlook for the next 5-year period is at 155.94% per year.
Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.671% or 14.19 million shares worth $453.31 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Smallcap World Fund and Vanguard Total Stock Market Index Fund. With 5.01 shares estimated at $308.07 million under it, the former controlled 2.99% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.67% of the shares, roughly 4.47 shares worth around $275.35 million.
