The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Credo Technology Group Holding Ltd’s current trading price is -2.34% away from its 52-week high, while its distance from the 52-week low is 386.84%. The stock’s price range for this period has been between $23.86 and $118.95 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 2.04 million for the day, a number notably lower than the average daily volume of 5.22 million over the last three months.
The stock price for Credo Technology Group Holding Ltd (CRDO) currently stands at $116.16. The stock experienced a substantial increase in the last session, hitting $135.0 after starting at $117.16. The stock’s lowest price was $72.0 before closing at $110.29.
Credo Technology Group Holding Ltd’s market performance has been stable in recent times.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Credo Technology Group Holding Ltd (CRDO) has experienced a quarterly rise of 143.68% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.94B and boasts a workforce of 622 employees.
Credo Technology Group Holding Ltd: What Analysts Are Saying
As of right now, 9 analysts are rating Credo Technology Group Holding Ltd as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 67.89, with a change in price of +69.12. Similarly, Credo Technology Group Holding Ltd recorded 4,872,539 in trading volume during the last 100 days, posting a change of +153.77%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CRDO stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.02.
CRDO Stock Stochastic Average
Credo Technology Group Holding Ltd’s raw stochastic average for the past 50 days is presently 91.83%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 84.02%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 80.58% and 76.30%, respectively.
CRDO Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 358.59%. However, over the past six months, we’ve seen a weaker performance of 52.34%. The price of CRDO fallen by 24.42% over the last 30 days. And in the last five days, it has surged by 0.13%.
