Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s traded shares stood at 4.77 million during the last session, with the company’s beta value hitting 2.15. At the close of trading, the stock’s price was $61.29, to imply an increase of 7.58% or $4.32 in intraday trading. The CRDO share’s 52-week high remains $86.69, putting it -41.44% down since that peak but still an impressive 72.56% since price per share fell to its 52-week low of $16.82.
Analysts have given a consensus recommendation of Buy for Credo Technology Group Holding Ltd (CRDO), translating to a mean rating of 1.43. Of 5 analyst(s) looking at the stock, 0 analyst(s) give CRDO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.18.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
After registering a 7.58% upside in the last session, Credo Technology Group Holding Ltd (CRDO) has traded red over the past five days. The 5-day price performance for the stock is -14.59%, and 10.23% over 30 days. With these gigs, the year-to-date price performance is -8.81%.
The extremes give us $32 and $85 for target low and target high price respectively. As such, CRDO has been trading -38.68% off suggested target high and 47.79% from its likely low.
Credo Technology Group Holding Ltd (CRDO) estimates and forecasts
The rating firms project that company’s revenue will grow 101.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 120.36M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 136.3M.Earnings reports from the last fiscal year show that sales brought in 53.06M and 60.78M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 126.85% before jumping 124.25% in the following quarter.
CRDO Dividends
Credo Technology Group Holding Ltd has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders
The next major institution holding the largest number of shares is BLACKROCK INC. with 14.19 million shares, or about 8.671% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $453.31 million.
We also have Smallcap World Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Credo Technology Group Holding Ltd (CRDO) shares. Going by data provided on Sep 30, 2024, Smallcap World Fund holds roughly 5.01 shares. This is just over 2.99% of the total shares, with a market valuation of $306.76 million. Data from the same date shows that the other fund manager holds a little less at 4.47, or 2.67% of the shares, all valued at about 274.18 million.
