Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a beta value of 2.30 and has seen 1.21 million shares traded in the recent trading session. The company, currently valued at $6.55B, closed the recent trade at $38.60 per share which meant it lost -$1.91 on the day or -4.72% during that session. The CRDO stock price is -124.59% off its 52-week high price of $86.69 and 56.42% above the 52-week low of $16.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.42 million shares traded. The 3-month trading volume is 5.74 million shares.
The consensus among analysts is that Credo Technology Group Holding Ltd (CRDO) is Buy stock at the moment, with a recommendation rating of 1.31. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.27.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
Sporting -4.72% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CRDO stock price touched $38.60 or saw a rise of 23.52%. Year-to-date, Credo Technology Group Holding Ltd shares have moved -42.57%, while the 5-day performance has seen it change -23.62%. Over the past 30 days, the shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) have changed -30.05%. Short interest in the company has seen 10.14 million shares shorted with days to cover at 1.39.
Wall Street analysts have a consensus price target for the stock at $82.5, which means that the shares’ value could jump 53.21% from the levels at last check today.. The projected low price target is $45.0 while the price target rests at a high of $85.0. In that case, then, we find that the latest price level in today’s session is -120.21% off the targeted high while a plunge would see the stock gain -16.58% from the levels at last check today..
Credo Technology Group Holding Ltd (CRDO) estimates and forecasts
The company’s shares have gained 23.59% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 120.94%.
7 analysts offering their estimates for the company have set an average revenue estimate of 159.46M for the current quarter. 7 have an estimated revenue figure of 162.09M for the next ending quarter. Year-ago sales stood 60.78M and 59.71M respectively for this quarter and the next, and analysts expect sales will grow by 162.35% for the current quarter and 120.94% for the next.
Earnings growth for 2025 is a modest 553.54% while over the next 5 years, the company’s earnings are expected to increase by 162.89%.
CRDO Dividends
Credo Technology Group Holding Ltd is expected to release its next earnings report on 2025-Mar-03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders
Insiders own 15.15% of the company shares, while shares held by institutions stand at 76.13% with a share float percentage of 89.72%. Investors are also buoyed by the number of investors in a company, with Credo Technology Group Holding Ltd having a total of 503.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 15.15 million shares worth more than $483.96 million. As of 2024-06-30, VANGUARD GROUP INC held 9.2574% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 14.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $453.31 million and represent 8.5942% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . As of Dec 31, 2024 , the former fund manager holds about 2.62% shares in the company for having 4.44 shares of worth $168.44 million while later fund manager owns 3.6 shares of worth $136.28 million as of Dec 31, 2024 , which makes it owner of about 2.12% of company’s outstanding stock.
