Credo Technology Group Holding Ltd’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $48.94 on 11/11/24, and the lowest price during that time was $16.82, recorded on 04/19/24.
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 -7.86% away from its 52-week high, while its distance from the 52-week low is 168.08%. The stock’s price range for this period has remained between $16.82 and $48.94. The Technology sector company’s shares managed to surpass a trading volume of around 1.47 million for the day, which was noticeably lower compared to the shares’ average daily volume of 2.62 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 28.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.49B 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 34.03, with a change in price of +13.50. Similarly, Credo Technology Group Holding Ltd recorded 2,382,700 in trading volume during the last 100 days, posting a change of +42.94%.
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 80.90%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 66.80%. Further, the company’s Stochastic %K and %D values for the last 20 days were 77.48% and 78.78%, 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. The metric has seen a significant gain of 131.59% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 75.52%. Over the past 30 days, the price of CRDO has fallen by 8.13%. And in the last five days, it has surged by 4.94%.
