Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price gain of 73.81% this year. Over the last six months, there has been a weaker performance of 52.64%. The price of CRDO fallen by 30.35% during the last 30 days period. For the last 5-days stocks have slided -6.21%.
Credo Technology Group Holding Ltd’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $36.80 on 08/23/24 and a low of $13.38 for the same time frame on 10/30/23.
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52-week price history of CRDO Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Credo Technology Group Holding Ltd’s current trading price is -8.06% away from its 52-week high, while its distance from the 52-week low is 152.91%. The stock’s price range during this time has been between $13.38 and $36.80. The trading volume for the Technology sector company’s shares reached about 0.88 million for the day, which was lower than the average daily volume of 2.25 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Credo Technology Group Holding Ltd (CRDO) has experienced a quarterly rise of 67.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.59B and boasts a workforce of 500 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 25.52, with a change in price of +11.97. Similarly, Credo Technology Group Holding Ltd recorded 2,033,000 in trading volume during the last 100 days, posting a change of +56.04%.
CRDO’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative 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
Today’s raw stochastic average for Credo Technology Group Holding Ltd over the last 50 days is 75.71%.This indicates a increase from the raw stochastic average of the past 20 days, which was 75.71%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 84.87% and 90.01%, respectively.
