In terms of market performance, Credo Technology Group Holding Ltd had a somewhat regular. The highest value for the stock in the past year was $23.90 on 02/28/24, while the lowest value was $7.20 on 05/04/23.
52-week price history of CRDO Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Credo Technology Group Holding Ltd’s current trading price is -9.54% away from its 52-week high, while its distance from the 52-week low is 200.49%. The stock’s price range for this period has remained between $7.20 and $23.90. The Technology sector company’s shares managed to surpass a trading volume of around 2.52 million for the day, which was noticeably higher compared to the shares’ average daily volume of 2.26 million over the last three months.
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Financial Performance and Market Capitalization
Credo Technology Group Holding Ltd (CRDO) has experienced a quarterly rise of 11.44% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.53B and boasts a workforce of 438 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 19.46, with a change in price of +7.91. Similarly, Credo Technology Group Holding Ltd recorded 2,249,548 in trading volume during the last 100 days, posting a change of +57.70%.
CRDO Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for CRDO stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.02.
CRDO Stock Stochastic Average
As of today, the raw stochastic average of Credo Technology Group Holding Ltd over the past 50 days is 61.55%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 53.61%. Additionally, the Stochastic %K and %D values for the company were 35.23% and 23.50%, respectively, over the past 20 days.
CRDO Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 11.04% this year. Over the last six months, there has been a weaker performance of 46.18%. The price of CRDO leaped by -1.59% during the last 30 days period. For the last 5-days stocks have improved 11.67%.
