Credo Technology Group Holding Ltd experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $41.92 on 10/29/24, while the lowest price for the same period was registered at $13.53 on 10/31/23.
52-week price history of CRDO Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Credo Technology Group Holding Ltd’s current trading price is -11.36% away from its 52-week high, while its distance from the 52-week low is 174.65%. The stock’s price range during this period has spanned from $13.53 to $41.92. In the Technology sector, the Credo Technology Group Holding Ltd’s shares surpassed a trading volume of approximately 1.55 million for the day, which was noticeably lower compared to the average daily volume of 9.2.37 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Credo Technology Group Holding Ltd (CRDO) has experienced a quarterly rise of 46.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.17B and boasts a workforce of 500 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 31.30, with a change in price of +8.84. Similarly, Credo Technology Group Holding Ltd recorded 2,221,504 in trading volume during the last 100 days, posting a change of +30.94%.
Examining CRDO’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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, Credo Technology Group Holding Ltd’s raw stochastic average for the past 50 days stands at 74.72%, indicating a rise from the raw stochastic average of the last 20 days, which was 56.80%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 79.99% and 89.22% respectively.
CRDO Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 90.86%. However, over the past six months, we’ve seen a weaker performance of 114.80%. The price of CRDO fallen by 22.12% over the last 30 days. And in the last five days, it has fallen by -4.74%.
