A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Credo Technology Group Holding Ltd’s current trading price is -31.70% away from its 52-week high, while its distance from the 52-week low is 252.02%. The stock’s price range for this time frame has been between $16.82 and $86.69. The trading volume of the company’s shares in the Technology reached around 9.06 million for the day, which was evidently higher than the average daily volume of 3.81 million over the last three months.
Credo Technology Group Holding Ltd’s stock has had a calm market performance. The 1-year high for the company’s stock was $86.69 on 01/22/25, and the lowest price during the same period was recorded at $16.82 on 04/19/24.
How Financial Performance Impacts Market Capitalization
Credo Technology Group Holding Ltd (CRDO) has experienced a quarterly rise of 53.14% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 9.90B and boasts a workforce of 500 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 49.54, with a change in price of +25.98. Similarly, Credo Technology Group Holding Ltd recorded 3,444,302 in trading volume during the last 100 days, posting a change of +74.42%.
How CRDO’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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
The raw stochastic average for Credo Technology Group Holding Ltd over the last 50 days is presently at 45.70%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 2.79%. Further, the company’s Stochastic %K and %D values for the last 20 days were 53.84% and 75.42%, 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. This year’s metric has recorded a Price decrease of -11.90%. However, over the past six months, we’ve seen a weaker performance of 107.68%. The price of CRDO leaped by -14.09% over the last 30 days. And in the last five days, it has fallen by -26.01%.
