With 22.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.89 million shares. The 52-week range on CRDO shows that it touched its highest point at $86.69 and its lowest point at $22.50 during that stretch. It currently has a 1-year price target of $86.00. Beta for the stock currently stands at 2.43.
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 12.99%, but this was up by 49.03% over a month. Three-month performance surged to 32.40% while six-month performance rose 57.34%. The stock gained 179.95% in the past year, while it has gained 7.01% so far this year. A look at the trailing 12-month EPS for CRDO yields 0.28 with Next year EPS estimates of 1.89. For the next quarter, that number is 0.35. This implies an EPS growth rate of 113.71% for this year and 26.27% for next year.
Float and Shares Shorts:
At present, 169.80 million CRDO shares are outstanding with a float of 147.06 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. 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.
