In the latest trading session,, 0.74 million Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares changed hands as the company’s beta touched 2.42. With the company’s most recent per share price at $59.94 changed hands at -$0.19 or -0.31% at last look, the market valuation stands at $10.18B. CRDO’s current price is a discount, trading about -44.63% off its 52-week high of $86.69. The share price had its 52-week low at $18.54, which suggests the last value was 69.07% 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 1.23. 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 in intraday trades today. With action 8.54%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -10.81%, with the 5-day performance at 8.54% in the green. However, in the 30-day time frame, Credo Technology Group Holding Ltd (NASDAQ:CRDO) is 63.65% up.
The consensus price target for the stock as assigned by Wall Street analysts is 82.5, meaning bulls need an upside of 27.35% from its recent market value. According to analyst projections, CRDO’s forecast low is 70 with 85 as the target high. To hit the forecast high, the stock’s price needs a -41.81% plunge from its current level, while the stock would need to soar -16.78% for it to hit the projected low.
The 2025 estimates are for Credo Technology Group Holding Ltd earnings to increase by 590.91%, but the outlook for the next 5-year period is at 162.07% per year.
CRDO Dividends
Credo Technology Group Holding Ltd is expected to release its next quarterly earnings report in June.
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 iShares Trust-iShares Russell 2000 ETF . With 4.44 shares estimated at $264.58 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.20% of the shares, roughly 3.73 shares worth around $222.15 million.
