In the last trading session, 5.6 million Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares changed hands as the company’s beta touched 2.19. With the company’s per share price at $47.02 changed hands at -$2.13 or -4.33% during last session, the market valuation stood at $7.98B. CRDO’s last price was a discount, traded about -84.37% 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 64.23% up since then. When we look at Credo Technology Group Holding Ltd’s average trading volume, we note the 10-day average is 8.54 million shares, with the 3-month average coming to 5.65 million.
Analysts gave the Credo Technology Group Holding Ltd (CRDO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.31. 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 (NASDAQ:CRDO) trade information
Instantly CRDO was in red as seen at the end of in last trading. With action 19.19%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -30.04%, with the 5-day performance at 19.19% in the green. However, in the 30-day time frame, Credo Technology Group Holding Ltd (NASDAQ:CRDO) is -33.29% down. Looking at the short shares, we see there were 8.82 million shares sold at short interest cover period of 1.57 days.
The consensus price target for the stock as assigned by Wall Street analysts is 82.5, meaning bulls need an upside of 43.01% from its current market value. According to analyst projections, CRDO’s forecast low is 45 with 85 as the target high. To hit the forecast high, the stock’s price needs a -80.77% plunge from its current level, while the stock would need to tank 4.3% for it to hit the projected low.
The 2025 estimates are for Credo Technology Group Holding Ltd earnings to increase by 553.54%, but the outlook for the next 5-year period is at 162.89% per year.
CRDO Dividends
Credo Technology Group Holding Ltd is expected to release its next quarterly earnings report on 2025-Mar-03.
Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.15% of Credo Technology Group Holding Ltd shares while 76.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.57%. There are 76.00% institutions holding the Credo Technology Group Holding Ltd stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.2574% of the shares, roughly 15.15 million CRDO shares worth $483.96 million.
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.
