Credo Technology Group Holding Ltd (NASDAQ:CRDO) traded at $18.56 at close of the session on Friday, April 26, made an upward move of 2.15% on its previous day’s price.
Looking at the stock we see that its previous close was $18.17 . In terms of its 52-week price range, CRDO has a high of $23.90 and a low of $7.20. The company’s stock has lost about -12.45% over that past 30 days.
Credo Technology Group Holding Ltd has a market cap of $3.03 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year raised at $0.07 for 2024 and $0.34 for next year. These figures represent 40.00% and 385.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $60.72 million, with a low of $60.47 million and a high of $61.81 million. The median projection represents growth squeezing down to 89.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $192.53 million, or 4.50% up from figures reported last year.
On the other hand, looking at the outlook for the CRDO stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of Hold.
Looking further, we note the current price level is -7.64% off its SMA20 and -11.35% from its 50-day simple moving average. The RSI (14) is pointing at 42.60 while the volatility over the past week is 3.67% and jumps to 5.38% over the past one month. The beta value is 2.02, while the average true range (ATR) is currently pointing at 1.04.
Coming back to Credo Technology Group Holding Ltd (NASDAQ:CRDO), we note that the average 3-month trading volume was 2.13 million. Current shares outstanding are 148.65 million.
The insiders hold 22.47% of the company’s shares while institutions hold 66.74%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -4.67% down in year-to-date price movement.
