In the latest trading session,, 2.09 million Credo Technology Group Holding Ltd (NASDAQ:CRDO) shares changed hands as the company’s beta touched 2.57. With the company’s most recent per share price at $97.11 changing hands around $3.64 or 3.89% at last look, the market valuation stands at $16.67B. CRDO’s current price is a discount, trading about -7.46% off its 52-week high of $104.35. The share price had its 52-week low at $22.50, which suggests the last value was 76.83% up since then. When we look at Credo Technology Group Holding Ltd’s average trading volume, we note the 10-day average is 4.77 million shares, with the 3-month average coming to 5.10 million.
Analysts gave the Credo Technology Group Holding Ltd (CRDO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. 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 is in green as seen in intraday trades today. With action -1.62%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 218.90%, with the 5-day performance at -1.62% in the red. However, in the 30-day time frame, Credo Technology Group Holding Ltd (NASDAQ:CRDO) is 13.45% up. Looking at the short shares, we see there were 7.63 million shares sold at short interest cover period of 1.33 days.
The consensus price target for the stock as assigned by Wall Street analysts is 90, meaning bulls need a downside of -7.9% from its recent market value. According to analyst projections, CRDO’s forecast low is 85 with 95 as the target high. To hit the forecast high, the stock’s price needs a 2.17% surge from its current level, while the stock would need to tank 12.47% for it to hit the projected low.
The 2025 estimates are for Credo Technology Group Holding Ltd earnings to increase by 122.60%, but the outlook for the next 5-year period is at 45.13% per year.
CRDO Dividends
Credo Technology Group Holding Ltd is expected to release its next quarterly earnings report on 2025-Jun-02.
Credo Technology Group Holding Ltd (NASDAQ:CRDO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.70% of Credo Technology Group Holding Ltd shares while 77.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.03%. There are 77.65% 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 9.1753% 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 Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 4.49 shares estimated at $438.46 million under it, the former controlled 2.61% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.07% of the shares, roughly 3.55 shares worth around $346.75 million.
