The stock market performance of Credo Technology Group Holding Ltd has been very steady. Over the last year, the company’s stock hit its highest at $44.82 on 11/07/24, while the lowest price during the same time frame was $14.73, recorded on 11/08/23.
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 4.91% away from its 52-week high, while its distance from the 52-week low is 219.21%. The stock’s price range for this period has remained between $14.73 and $44.82. The Technology sector company’s shares managed to surpass a trading volume of around 2.76 million for the day, which was noticeably higher compared to the shares’ average daily volume of 2.44 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 71.17% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.81B and boasts a workforce of 500 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 32.00, with a change in price of +18.44. Similarly, Credo Technology Group Holding Ltd recorded 2,298,193 in trading volume during the last 100 days, posting a change of +64.52%.
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 last 50 days is at 99.52%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 99.04%. Further, the company’s Stochastic %K and %D values for the last 20 days were 94.02% and 88.76%, respectively.
CRDO Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 141.50%.However, over the last six months, we can see a weaker performance of 171.16%. Over the last 30 days, the price of CRDO has fallen by 33.69%. And in the last five days, it has surged by 24.72%.
