Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Credo Technology Group Holding Ltd’s current trading price is -19.23% away from its 52-week high, while its distance from the 52-week low is 316.29%. The stock’s price range during this period has varied between $16.82 and $86.69. The company, active in the Technology sector, saw a trading volume of around 9.16 million for the day, considerably higher average daily volume of 4.34 million observed over the last three months.
Credo Technology Group Holding Ltd had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $86.69 on 01/22/25, while the lowest price during the same period was $16.82 on 04/19/24.
How Financial Performance Impacts Market Capitalization
Credo Technology Group Holding Ltd (CRDO) has experienced a quarterly rise of 67.91% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.71B 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 50.86, with a change in price of +45.64. Similarly, Credo Technology Group Holding Ltd recorded 3,601,032 in trading volume during the last 100 days, posting a change of +187.20%.
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
As of today, the raw stochastic average of Credo Technology Group Holding Ltd over the last 50 days is at 64.33%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 52.22%. Further, the company’s Stochastic %K and %D values for the last 20 days were 36.31% and 25.89%, respectively.
CRDO Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 4.18%. However, over the past six months, we’ve seen a weaker performance of 152.32%. The price of CRDO fallen by 0.60% over the last 30 days. And in the last five days, it has fallen by -12.99%.
