Credo Technology Group Holding Ltd [NASDAQ: CRDO] closed the trading session at $59.79.
The stocks have a year to date performance of -11.04 percent and weekly performance of 23.46 percent. The stock has been moved at 24.56 percent over the last six months. The stock has performed 52.92 percent around the most recent 30 days and changed -16.20 percent over the most recent 3-months.
If compared to the average trading volume of 5.30M shares, CRDO reached to a volume of 5903748 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Credo Technology Group Holding Ltd [CRDO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRDO shares is $69.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRDO stock is a recommendation set at 1.23. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Susquehanna have made an estimate for Credo Technology Group Holding Ltd shares, keeping their opinion on the stock as Positive, with their previous recommendation back on March 10, 2025. While these analysts kept the previous recommendation, Susquehanna raised their target price to Neutral. The new note on the price target was released on December 17, 2024, representing the official price target for Credo Technology Group Holding Ltd stock. Previously, the target price had yet another raise to $80, while BofA Securities analysts kept a Buy rating on CRDO stock. On December 03, 2024, analysts increased their price target for CRDO shares from 45 to 75.
The Average True Range (ATR) for Credo Technology Group Holding Ltd is set at 3.68, with the Price to Sales ratio for CRDO stock in the period of the last 12 months amounting to 31.00. The Price to Book ratio for the last quarter was 16.41, with the Price to Cash per share for the same quarter was set at 2.23.
CRDO stock trade performance evaluation
Credo Technology Group Holding Ltd [CRDO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.46. With this latest performance, CRDO shares gained by 52.92% in over the last four-week period, additionally plugging by 24.56% over the last 6 months – not to mention a rise of 238.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRDO stock in for the last two-week period is set at 73.59, with the RSI for the last a single of trading hit 83.98, and the three-weeks RSI is set at 65.15 for Credo Technology Group Holding Ltd [CRDO]. The present Moving Average for the last 50 days of trading for this stock 43.95, while it was recorded at 55.26 for the last single week of trading, and 47.87 for the last 200 days.
Credo Technology Group Holding Ltd [CRDO]: An insightful look at the core fundamentals
Credo Technology Group Holding Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.01 and a Current Ratio set at 7.67.
Earnings per share (EPS) analysis for Credo Technology Group Holding Ltd [CRDO] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRDO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Credo Technology Group Holding Ltd go to 162.07%.
Credo Technology Group Holding Ltd [CRDO]: Institutional Ownership
There are presently around $69.42%, or 81.44%% of CRDO stock, in the hands of institutional investors. The top three institutional holders of CRDO stocks are: VANGUARD GROUP INC with ownership of 15.15 million shares, which is approximately 9.1753%. BLACKROCK INC., holding 14.19 million shares of the stock with an approximate value of $$453.31 million in CRDO stocks shares; and BLACKROCK INC., currently with $$390.73 million in CRDO stock with ownership which is approximately 7.4078%.
