Credo Technology Group Holding Ltd (NASDAQ:CRDO) has a beta value of 2.46 and has seen 1.8 million shares traded in the recent trading session. The company, currently valued at $15.12B, closed the recent trade at $89.04 per share which meant it gained $4.47 on the day or 5.28%% during that session. The CRDO stock price is 2.43% off its 52-week high price of $86.88 and 74.73% above the 52-week low of $22.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.7 million shares traded. The 3-month trading volume is 5.04 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 1.23. 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.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) trade information
Sporting 5.28%% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CRDO stock price touched $89.04 or saw a fall of -0.35%. Year-to-date, Credo Technology Group Holding Ltd shares have moved 213.84%, while the 5-day performance has seen it change 12.46%. Over the past 30 days, the shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO) have changed 46.49%. Short interest in the company has seen 8.51 million shares shorted with days to cover at 2.29.
Wall Street analysts have a consensus price target for the stock at $85, which means that the shares’ value could drop -4.75% from the levels at last check today.. The projected low price target is $85.0 while the price target rests at a high of $95.0. In that case, then, we find that the latest price level in today’s session is -6.69% off the targeted high while a plunge would see the stock lose 4.54% from the levels at last check today..
Credo Technology Group Holding Ltd (CRDO) estimates and forecasts
The company’s shares have gained 33.97% over the past 6 months.
Earnings growth for 2025 is a modest 116.37% while over the next 5 years, the company’s earnings are expected to increase by 35.46%.
CRDO Dividends
Credo Technology Group Holding Ltd is expected to release its next earnings report on 2025-Jun-02 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 14.70% of the company shares, while shares held by institutions stand at 77.67% with a share float percentage of 91.05%. Investors are also buoyed by the number of investors in a company, with Credo Technology Group Holding Ltd having a total of 564.0 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 9.1753% 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 Mar 31, 2025 , the former fund manager holds about 2.64% shares in the company for having 4.49 shares of worth $400.88 million while later fund manager owns 3.55 shares of worth $317.03 million as of Mar 31, 2025 , which makes it owner of about 2.09% of company’s outstanding stock.
