With 1.57 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.21 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $71.7 whereas the lowest price it dropped to was $68.82. The 52-week range on CRDO shows that it touched its highest point at $78.97 and its lowest point at $16.82 during that stretch. It currently has a 1-year price target of $75.83. Beta for the stock currently stands at 2.18.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRDO was up-trending over the past week, with a rise of 1.68%, but this was up by 54.89% over a month. Three-month performance surged to 138.10% while six-month performance rose 138.98%. The stock gained 258.40% in the past year, while it has gained 264.66% so far this year. A look at the trailing 12-month EPS for CRDO yields -0.14 with Next year EPS estimates of 0.97. For the next quarter, that number is 0.18. This implies an EPS growth rate of 439.39% for this year and 100.56% for next year.
Float and Shares Shorts:
At present, 167.16 million CRDO shares are outstanding with a float of 135.53 million shares on hand for trading. On 2024-11-15, short shares totaled 6.6 million, which was 397.0 higher than short shares on 1728950400. In addition to Mr. William J. Brennan as the firm’s President, CEO & Director, Mr. Chi Fung Cheng serves as its Co-founder, CTO & Director.
Institutional Ownership:
Through their ownership of 0.76886004 of CRDO’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-08-03, CRDO reported revenue of $72034000.0 and operating income of -$8407000.0. The EBITDA in the recently reported quarter was -$3422000.0 and diluted EPS was -$0.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRDO since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRDO analysts setting a high price target of 85.0 and a low target of 46.0, the average target price over the next 12 months is 73.53846. Based on these targets, CRDO could surge 19.35% to reach the target high and fall by -35.41% to reach the target low. Reaching the average price target will result in a growth of 3.26% from current levels.
Analysts have provided yearly estimates in a range of $0.08124571 being high and $0.06093429 being low. For CRDO, this leads to a yearly average estimate of $0.07109. Based on analyst estimates, the high estimate for the next quarter is $0.25 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.22.
