Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Credo Technology Group Holding Ltd’s current trading price is -18.66% away from its 52-week high, while its distance from the 52-week low is 170.19%. The stock’s price range over this period has fluctuated between $7.20 and $23.90. The company, operating within the financial sector, had a trading volume of approximately 2.11 million for the day, which was noticeably lower than the average daily share volume of 2.18 million over the last 3 months.
In terms of market performance, Credo Technology Group Holding Ltd had a fairly even. The highest value for the stock in the past year was $23.90 on 02/28/24, and the lowest value was recorded at $7.20 on 05/04/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Credo Technology Group Holding Ltd (CRDO) has experienced a quarterly rise of 2.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.17B and boasts a workforce of 438 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 20.44, with a change in price of +1.87. Similarly, Credo Technology Group Holding Ltd recorded 2,283,062 in trading volume during the last 100 days, posting a change of +10.64%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Today’s raw stochastic average for Credo Technology Group Holding Ltd over the last 50 days is 9.26%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 10.56%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 56.87% and 67.61%, respectively.
CRDO Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -0.15%.However, over the last six months, we can see a weaker performance of 25.26%. Over the last 30 days, the price of CRDO has fallen by 0.41%. And in the last five days, it has fallen by -10.83%.
