Credo Technology Group Holding Ltd (CRDO)’s stock has witnessed a price hike of 1.59% from the previous close with its current price standing at $78.31. Its current price is -9.67% under its 52-week high of $86.69 and 365.56% more than its 52-week low of $16.82. Based on the past 30-day period, the stock price is -10.87% below the high and +49.17% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, CRDO’s SMA-200 is $40.54.
Additionally, it is important to take into account CRDO stock ratios, including its price-to-sales ratio, which is 53.32 for the last tewlve months.CRDO’s price to book ratio for the most recent quarter was 23.05, resulting in an 34.20 price to cash per share for the period.
How does Credo Technology Group Holding Ltd (CRDO) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 10 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.70 in simple terms.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) Ownership Details
I will give a breakdown of the key shareholders in Credo Technology Group Holding Ltd (CRDO). Recent figures show that the company’s insiders hold 15.86% of shares. A total of 360 institutional investors hold shares in the company, making 76.89% of its stock and 91.39% of its float.
Dec 31, 2024, it was reported that the Company’s largest institutional holder is Blackrock Inc. holding total of 17.51 shares that make 10.47% of the company’s total number of shares and are currently priced at 1.37 billion.
The securities firm Vanguard Group Inc holds 16.36 shares of CRDO, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 9.78%, and the holding percentage of shares is valued at 1.28 billion.
An overview of Credo Technology Group Holding Ltd’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Credo Technology Group Holding Ltd (CRDO) traded 5,731,664 shares per day, with a moving average of $73.91 and price change of +8.23. With the moving average of $70.61 and a price change of +30.60, about 5,057,074 shares changed hands on average over the past 50 days. Finally, CRDO’s 100-day average volume is 3,711,632 shares, alongside a moving average of $54.38 and a price change of +50.03.
