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The countdown is on: Credo Technology Group Holding Ltd (CRDO)

For the readers interested in the stock health of Credo Technology Group Holding Ltd (CRDO). It is currently valued at $17.08. When the transactions were called off in the previous session, Stock hit the highs of $17.53, after setting-off with the price of $15.65. Company’s stock value dipped to $15.53 during the trading on the day. When the trading was stopped its value was $15.67.

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Credo Technology Group Holding Ltd shares are logging -5.11% during the 52-week period from high price, and 98.37% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $8.61 and $18.00.

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The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 3181722 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Credo Technology Group Holding Ltd (CRDO) recorded performance in the market was 28.32%, having the revenues showcasing 47.11% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.42B, as it employees total of 382 workers.

Specialists analysis on Credo Technology Group Holding Ltd (CRDO)

During the last month, 0 analysts gave the Credo Technology Group Holding Ltd a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.17, with a change in the price was noted +2.90. In a similar fashion, Credo Technology Group Holding Ltd posted a movement of +20.45% for the period of last 100 days, recording 1,417,609 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CRDO is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Trends and Technical analysis: Credo Technology Group Holding Ltd (CRDO)

Raw Stochastic average of Credo Technology Group Holding Ltd in the period of last 50 days is set at 91.98%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 91.98%. In the last 20 days, the company’s Stochastic %K was 91.06% and its Stochastic %D was recorded 88.54%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 28.32%. The shares increased approximately by 13.87% in the 7-day charts and went down by 28.13% in the period of the last 30 days. Common stock shares were driven by 47.11% during last recorded quarter.

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