In the latest trading session, 1.33 million Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares changed hands as the company’s beta touched 2.29. With the company’s most recent per share price at $33.60 changing hands around $0.3 or 0.92% at last look, the market valuation stands at $5.71B. CRDO’s current price is a discount, trading about -158.01% 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 49.94% up since then. When we look at Credo Technology Group Holding Ltd’s average trading volume, we note the 10-day average is 5.12 million shares, with the 3-month average coming to 5.93 million.

Analysts gave the Credo Technology Group Holding Ltd (CRDO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. 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 0.27.

Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information

Instantly CRDO is in green as seen in intraday trades today. With action -16.32%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -50.00%, with the 5-day performance at -16.32% in the red. However, in the 30-day time frame, Credo Technology Group Holding Ltd (NASDAQ:CRDO) is -23.10% down. Looking at the short shares, we see there were 10.14 million shares sold at short interest cover period of 1.39 days.

The consensus price target for the stock as assigned by Wall Street analysts is 82.5, meaning bulls need an upside of 59.27% from its recent 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 -152.98% plunge from its current level, while the stock would need to soar -33.93% for it to hit the projected low.

Credo Technology Group Holding Ltd (CRDO) estimates and forecasts

Year-over-year growth is forecast to reach 120.96% up from the last financial year.

Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 159.54M. 7 analysts are of the opinion that Credo Technology Group Holding Ltd’s revenue for the current quarter will be 162.09M. The company’s revenue for the corresponding quarters a year ago was 60.78M and 59.71M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 162.48%. The estimates for the next quarter sales put growth at 171.44%.

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.

Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.14% of Credo Technology Group Holding Ltd shares while 75.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.38%. There are 75.85% 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 8.5942% or 14.19 million shares worth $453.31 million as of 2024-06-30.

Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund. With 4.44 shares estimated at $168.17 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.12% of the shares, roughly 3.6 shares worth around $136.06 million.